3601/3603 Grote Street
Multifamily | 4 Units
Marketing description
3601/3603 Grote Street presents an attractive income-producing duplex opportunity in Huntsville’s growing 35805 market. With both units currently leased, this property offers immediate rental income and a practical entry point for investors looking to expand their multifamily portfolio in one of Huntsville’s most accessible urban locations.
The property has seen several updates in 2022 and 2025, including interior paint throughout, painted cabinets, new flooring and subflooring, updated lighting, updated appliances, some new PEX plumbing, new electrical outlets, a new wall heater, AC window units, new fascia, a new shower/tub, new toilet, and termite bond. New windows have also been added, while some remaining capital improvement opportunity gives investors room to continue improving the asset over time.
Current rents include 3601 Grote at $715/month and 3603 Grote at $670/month, totaling $1,385/month in scheduled rental income. Based on the listed price of $170,000, the property offers an estimated 9.78% gross rental yield, making it a compelling option for investors focused on cash flow, affordability, and future upside.
Located in the re-urbanized 35805 zip code, the property is close to I-565, Redstone Arsenal, Merrimack Hall, Campus 805, local breweries, Whole Foods, Memorial Parkway/US-231, shopping, and several municipal sports complexes. This central Huntsville location supports long-term rental demand from residents who want access to employment centers, entertainment, retail, and major commuter routes.
Property is being sold as-is, making it a strong fit for investors seeking an occupied duplex with existing income, recent improvements, and remaining value-add potential in Huntsville, Alabama.
Investment highlights
Income-Producing Duplex in Huntsville’s 35805 Zip Code
Two-unit multifamily asset located in a re-urbanizing area of Huntsville with convenient access to I-565, Memorial Parkway/US-231, Redstone Arsenal, Campus 805, local breweries, shopping, and entertainment.
Current Rental Income in Place
3601 Grote is currently rented for $715/month, and 3603 Grote is rented for $670/month, providing a combined scheduled monthly rent of $1,385/month or $16,620 annually.
Attractive Entry Price for Multifamily Investors
Public listing information shows the property listed at $170,000, creating an estimated 9.78% gross rental yield based on current stated rents.
Recent Interior and Exterior Updates
Updated in 2022 and 2025 with interior paint, painted cabinets, new flooring and subflooring, updated lighting, updated appliances, some new PEX plumbing, new electrical outlets, new wall heater, AC window units, new fascia, new shower/tub, new toilet, and termite bond.
Value-Add / CapEx Opportunity Remains
Property is being sold as-is, giving investors an opportunity to complete remaining improvements and potentially increase long-term performance.
Strong Location Near Huntsville Job and Lifestyle Drivers
Located near major Huntsville corridors, Redstone Arsenal, Merrimack Hall, Campus 805, Whole Foods, Memorial Parkway, shopping, breweries, and municipal sports complexes.
4 Bed / 2 Bath Duplex on Approx. 0.25 Acres
Active listing information shows the property as a 4-bedroom, 2-bath duplex on approximately 0.25 acres.
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