Garden-Style
For Sale
$570,000
9016 Mahogany Row, Huntsville, AL 35802
Four-unit residential property with private parking and a two-bedroom, two-bath unit mix.
Property Size5,088 SF
Price / SF$112.03
Days on Market249
Property Features for 9016 Mahogany Row
General Information
Standard status
Active
Size
5,088 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Units
Unit Mix
2 x 3BR/2BA, 2 x 2BR/2BA
Multifamily Units
4
Amenities
private parking lot
Building Details
Building Size
5,088 SF
Year Built
1980
Buildings
1
Stories
3
Units
4
Construction
garden-style
Listing Agency:
Gateway Al Realty Group LLC
(256) 509-2078
Listed By:
Len Johnson · License #40398
(256) 509-2078
Source:
Alabamaland
Added: Dec 5, 2025
Changed: Aug 5
Last Checked: Aug 11 at 2:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gateway Al Realty Group LLC
Investment Insights
Based on property information with market context.
This garden-style quadplex contains 5,088 square feet and was built in 1980. The property includes four residential units: two with three bedrooms and two bathrooms, plus two with two bedrooms and two bathrooms. A private parking lot serves the building.
The property is located on a cul-de-sac in Huntsville, providing a residential setting with reduced drive-through traffic. Its location is described as convenient to employment and shopping areas. The surrounding neighborhood is characterized as quiet, and the property is positioned near schools and walkable amenities.
The property is located on a cul-de-sac in Huntsville, providing a residential setting with reduced drive-through traffic. Its location is described as convenient to employment and shopping areas. The surrounding neighborhood is characterized as quiet, and the property is positioned near schools and walkable amenities.
Key Highlights
- Four‑unit quadplex with 5,088 square feet
- Two 3‑bedroom, 2‑bath units
- Two 2‑bedroom, 2‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,117
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$742,340
$742.3K
Cap Rate 7%
$530,243
$530.2K
Cap Rate 9%
$412,411
$412.4K
Market Conditions
NOI Build-Up for 5,088 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.1K $12.60/SF
− Vacancy
−$11.1K −$2.18/SF
EGI
$53.0K $10.42/SF
− OpEx
−$15.9K −$3.13/SF
NOI
$37.1K $7.30/SF
Area
Huntsville, AL
Vacancy
17.29%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$742,340
Cap Rate 7%
$530,243
Cap Rate 9%
$412,411
Alternative Uses
Best Use
Multifamily LT 5
$530.2K
$464.0K – $618.6K
NOI $37,117 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$459.1K
$401.7K – $535.7K
NOI $32,139 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$1.32M
$1.16M – $1.55M
NOI $92,744 @ 7.0% cap · market cap 16.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 35802, AL
23,842
Population
12,359
Households
1.9
Avg Household Size
44
Median Age
51%
College-Educated
95%
High-School Grad
16.4 sq mi
ZIP Area
1,454
Density / Sq Mi
$72,195
Median Household Income
$46,938
Median Earnings
$1,051
Median Rent
$319,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with private parking and a two-bedroom, two-bath unit mix.
Where is this quadplex located?
The property is located at 9016 Mahogany Row Huntsville, AL.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Four‑unit quadplex with 5,088 square feet; Two 3‑bedroom, 2‑bath units; Two 2‑bedroom, 2‑bath units
