Five-Unit Apartment
New
For Sale
$489,900
907 Stevens Court NE, Huntsville, AL 35801
MULTI_FAMILY - Huntsville, AL
Property Size2,900 SF
Lot Size0.36 Acres
Price / SF$168.93
Days on Market3
Property Features for 907 Stevens Court NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Parking
6
Parking features
Driveway
Appliances
Oven, Refrigerator
Subdivision
Stevens Court
Elementary school
Blossomwood
Middle school
Chapman
High school
Lee High School
Directions
From Memorial Pkwy, East On Oakwood Ave, Right On Maysville Rd, Left On Stevens, 1st Left On Stevens Court
Standard status
Active
APN
1309304002071000
Size
2,900 SF
Lot size
0.36 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1969
Number of units
5
Listing Agency:
Legend Realty
(256) 428-3780
Listed By:
Larry Barkley · License #96155
(256) 694-5944
Added: Aug 3
Last Checked: Aug 5 at 10:06AM
MLS# 21896992
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Investment Insights
Based on property information with market context.
This five-unit apartment property contains a mix of one- and two-bedroom residences ranging from approximately 700 to 1,000 SF. The 2,900-square-foot building was constructed in 1969 and is being offered in as-is, where-is condition. Apartment features include ovens and refrigerators, while central heating and central air provide building-wide climate systems. Driveway parking serves the property, and public water and public sewer are in place.
The 0.36-acre property is located in Huntsville near the Five Points area and downtown, with access to the medical district and major employers. Its established rental-corridor setting and professionally managed operation are noted in the property information. Financial records for 2024 and 2025 T12 periods are available upon request.
The 0.36-acre property is located in Huntsville near the Five Points area and downtown, with access to the medical district and major employers. Its established rental-corridor setting and professionally managed operation are noted in the property information. Financial records for 2024 and 2025 T12 periods are available upon request.
Key Highlights
- Five‑unit apartment property on 0.36 acres
- One- and two‑bedroom units ranging from approximately 700‑1,000 SF
- 2,900 SF building constructed in 1969
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.7k | $14.04 |
| − Vacancy | −$7.4k | −$2.56 |
| EGI | $33.3k | $11.48 |
| − OpEx | −$15.0k | −$5.17 |
| NOI | $18.3k | $6.32 |
2,900 SF · lease $14.04/SF/yr · vacancy 18.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$261.7K
$229.0K – $305.3K
NOI $18,318 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$755.2K
$660.8K – $881.0K
NOI $52,861 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Explore this area
Business Placement
Demographics for 35801, AL
22,539
Population
11,225
Households
2
Avg Household Size
43
Median Age
55%
College-Educated
90%
High-School Grad
13.8 sq mi
ZIP Area
1,633
Density / Sq Mi
$103,125
Median Household Income
$60,370
Median Earnings
$1,130
Median Rent
$399,700
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?
Apartment building - Professionally managed multifamily property with one- and two-bedroom apartments, central HVAC, and driveway parking.
Where is this apartment building located?
The property is located at 907 Stevens Court NE Huntsville, AL.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Five‑unit apartment property on 0.36 acres; One- and two‑bedroom units ranging from approximately 700‑1,000 SF; 2,900 SF building constructed in 1969
