5-Unit Apartment
For Sale
$475,000
907 STEVENS COURT NE, Huntsville, AL 35801
Residential Income, HUNTSVILLE, AL
Property Size2,900 SF
Lot Size0.36 Acres
Price / SF$163.79
Days on Market443
Property Features for 907 STEVENS COURT NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
6
Parking features
Driveway
Appliances
Cooktop, 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
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 4 STEVENS COURT PB 4 PG 113
Tax Annual Amount
3338
Legal Description
LOT 4 STEVENS COURT PB 4 PG 113
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
on-site parking
Building Details
Year built
1969
Number of units
5
Listing Agency:
Legend Realty
(256) 428-3780
Listed By:
Larry Barkley
(256) 694-5944
Added: Aug 18, 2025
Changed: Oct 29
Last Checked: Nov 3 at 8:06PM
MLS# 21896992
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5-unit apartment building contains 2,900 square feet on a 0.36-acre parcel. The unit mix includes one- and two-bedroom apartments, with one recently updated unit ready for lease-up. The building dates to 1969 and has central heating and air conditioning, cooktops, and refrigerators. Parking is provided in the driveway.
Work completed in 2022 included an architectural roof, exterior painting, and structural repairs; the work carries a transferable lifetime warranty. The property is near Five Points and downtown Huntsville, with access to the medical district and major employers. The sale is strictly as-is, where-is.
Work completed in 2022 included an architectural roof, exterior painting, and structural repairs; the work carries a transferable lifetime warranty. The property is near Five Points and downtown Huntsville, with access to the medical district and major employers. The sale is strictly as-is, where-is.
Key Highlights
- 5 apartments with a mix of one- and two‑bedroom units
- 2,900 square feet on a 0.36‑acre parcel
- 2022 improvements included an architectural roof, exterior paint, and structural work
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,318
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,360
$366.4K
Cap Rate 7%
$261,686
$261.7K
Cap Rate 9%
$203,533
$203.5K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$40.7K $14.04/SF
− Vacancy
−$7.4K −$2.56/SF
EGI
$33.3K $11.48/SF
− OpEx
−$15.0K −$5.17/SF
NOI
$18.3K $6.32/SF
Area
Huntsville, AL
Vacancy
18.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,360
Cap Rate 7%
$261,686
Cap Rate 9%
$203,533
Alternative Uses
Best Use
Apartment 5plus
$261.7K
$229.0K – $305.3K
NOI $18,318 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$755.2K
$660.8K – $881.0K
NOI $52,861 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - One refreshed apartment is ready for leasing, and driveway parking serves the property.
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 $475,000.
What are key features of this property?
This property features: 5 apartments with a mix of one- and two‑bedroom units; 2,900 square feet on a 0.36‑acre parcel; 2022 improvements included an architectural roof, exterior paint, and structural work
