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Wyze Realty
Investors › Multifamily
Duplexes, triplexes, fourplexes and small apartment buildings for sale in Huntsville, Madison, Decatur and the rest of North Alabama, with what they have sold for, what the units lease for, how to finance them and a worksheet to run the numbers. We manage small multifamily too, through Wyze Property Management.
Free investor consultation or portfolio review
Sit down with George Lensch, broker-owner of Wyze Realty. Bring a property you are looking at, or the rentals you already own. We will go over the real numbers: rent, repairs, taxes, insurance, financing and what to buy, keep or sell next.
Huntsville, Madison and the rest of the county
mostly duplexes
larger buildings and portfolios
across the river
what your units compete with today
From October 2023 through October 2026, 139 multifamily properties in Madison County sold at a median price of $358,000; half sold between $204,000 and $435,000. Most were duplexes. In Morgan County 36 sold at a median of $394,000, and in Limestone County 11 sold at a median of $228,500. That is a snapshot taken in October 2026.
Recent sales are loading.
Multifamily sales over the same three years, by part of town. In Huntsville, duplex sales cluster in a handful of neighborhoods.
| Area | Sales, 3 years | Median price | Busiest neighborhoods |
|---|---|---|---|
| West Huntsville | 52 | $270,000 | Huntsville Park, Southwood Estates, Colonial Park |
| North Huntsville | 41 | $375,000 | Executive Hills, Glen Park, Summit Place, Brentwood |
| Decatur | 21 | $435,000 | Westmeade and older neighborhoods |
| Hartselle | 13 | $296,000 | |
| Madison | 10 | $442,000 | Rolling Wood, Madison Haven |
| Athens | 8 | $224,900 | |
| South Huntsville | 7 | $564,900 | Timberbrook, Sugar Mill |
| Northwest Huntsville | 5 | $390,000 | Cotton Row Estates |
Multifamily units that leased in Madison and Limestone counties over the last 12 months: one-bedroom median $950, two-bedroom $1,100, three-bedroom $1,345. A duplex with two 2-bedroom units at those rents brings in about $2,200 a month, which is why the 1% rule is hard to hit on multifamily here at today's prices. Look for value-add: below-market rents, units that need updating, or separate meters not yet billed back.
Enter the rent roll, the tax bill at the investor rate and an insurance quote. The worksheet shows net operating income, cap rate, gross rent multiplier, loan payment, DSCR, cash flow and cash-on-cash return.
Before you use this tool: what these numbers cannot see
The tools on this page use MLS data and your assumptions. They cannot see the condition of the house, the repairs it needs, the age of the roof, HVAC and water heater, foundation or drainage problems, flood zone and insurance cost, HOA rules on renting, the real tax bill, or how a specific street rents compared to the rest of the ZIP. A low-priced house that screens well on paper usually screens well for a reason.
No results are guaranteed. These are estimates, not an appraisal, inspection, rent guarantee or financial advice. Before you make an offer, book a consultation and we will run the property with you, including rent comps for that house and a repair estimate.
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Huntsville built a lot of apartments in 2022 through 2024. CoStar data reported by Matthews in March 2024 put metro apartment vacancy at a record 17%, with rents down about 3% over the prior year and about 5,400 more units under construction. Since then the new units have been filling up: in August 2026 CoStar reported Huntsville apartment vacancy at its lowest level since 2022, with a sharply smaller development pipeline, though rents had dipped again in May 2026 after four months of growth. Less new supply plus the job growth ahead from Space Command and Eli Lilly is a better setup than the last few years had, but rents have not run up yet. Underwrite today's rents, not hoped-for ones.
Wyze Property Management manages single-family and small multifamily rentals around Huntsville: leasing, screening, rent collection, maintenance and owner reporting. We can give you a rent opinion before you buy and take over the day you close. wyzepm.com
Tell us what you are trying to buy, your budget and the return you need, or bring the rentals you already own for a portfolio review. We will send you deals that fit, run the rent and expense numbers with you, and if you want, manage the property after closing through Wyze Property Management.
Book a free consultation Call or text (256) 808-6861 Join our off-market list
From October 2023 through October 2026 the median Madison County multifamily sale was $358,000, and half sold between $204,000 and $435,000. West Huntsville was lowest (median about $270,000) and South Huntsville and Madison highest.
Yes, if you will live in one of the units. FHA allows 1 to 4 units with 3.5% down; three- and four-unit properties must pass a self-sufficiency test where the rents cover the payment.
Over the last 12 months, two-bedroom multifamily units in Madison and Limestone counties leased for a median of $1,100 a month, one-bedrooms for $950 and three-bedrooms for $1,345.
Yes. Wyze Property Management manages single-family and small multifamily rentals in the Huntsville area.
Sales and leases: Valley MLS, snapshot October 2026. Apartment market: CoStar data via Matthews multifamily report (March 2024); CoStar (June and August 2026). Not financial or legal advice.
Listing data is derived in whole or in part from NALMLS and is for consumers' personal, non-commercial use only. All data should be independently verified..
This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed.
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