Summerdale Multifamily Investment
304-306 W Shriver Street Summerdale, AL 36580
304-306 W Shriver Street, Summerdale, AL, 36580
$530,000
For Sale
$530,000
MULTI_FAMILY - Summerdale, AL
Property Size4,100 SF
Lot Size0.64 Acres
Price / SF$129.27
Days on Market77
Property Features for 304-306 W Shriver Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 11
- Bathrooms
- 6
- Rooms
- Bathroom 5, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 3, Bedroom 8, Bathroom 2, Bedroom 11, Bedroom 6, Bedroom 10, Bathroom 4, Bedroom 7, Bedroom 2, Bathroom 6, Bathroom 1, Bedroom 3, Bedroom 9
- Parking features
- Carport
- Appliances
- Range-Electric
- Standard status
- Active
- APN
- 48-09-30-4-000-011.000
- Size
- 4,100 SF
- Lot size
- 0.64 Acres
Building Details
- Year built
- 1918
- Floors in Building
- 1
- Flooring type
- Laminate
- Roof type
- Composition
- Architectural style
- Other
Listing agency
Baldwin County Properties, Inc
(251) 928-5305
Listed by
Donna Cook · License #56221
(251) 510-8885
Added: May 6 Updated: Jun 16 at 2:42PM Checked: Jul 21 at 9:06AM
MLS# 396157
Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property is located in Summerdale, Alabama, offering an investment opportunity near the beaches, Foley, and Fairhope. The property includes a fourplex. The property size is 4,100 square feet and the lot size is 0.64 acres. The fourplex is currently rented. Prospective buyers are advised to verify all information during due diligence.
Key Highlights
- Year built 1918 with composition roof
- 4‑plex currently rented, with an additional home on the same property available
- Includes electric range (appliance included)
Local Financial Insights For Multifamily LT 5
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 | $56.6k | $13.80 |
| − Vacancy | −$2.9k | −$0.72 |
| EGI | $53.6k | $13.08 |
| − OpEx | −$16.1k | −$3.92 |
| NOI | $37.5k | $9.16 |
4,100 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$536.4K
$469.3K – $625.8K
NOI $37,546 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$477.4K
$417.7K – $557.0K
NOI $33,419 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$986.0K
$862.7K – $1.15M
NOI $69,018 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fourplex in Summerdale, Alabama, near beaches, Foley, and Fairhope.
Where is this quadplex located?
The property is located at 304-306 W Shriver Street Summerdale, AL.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Year built 1918 with composition roof; 4‑plex currently rented, with an additional home on the same property available; Includes electric range (appliance included)
