One-Story Duplex With Attached
For Sale
$259,900
33228 Stables Drive, Spanish Fort, AL 36527
SINGLE_FAMILY - Spanish Fort, AL
Property Size1,352 SF
Lot Size0.31 Acres
Price / SF$192.23
Days on Market401
Property Features for 33228 Stables Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2
Parking features
Garage
Appliances
Dishwasher, Disposal, Microwave, Range-Electric, Refrigerator
Subdivision
Churchill Downs
Elementary school
Stapleton Elementary
Middle school
Bay Minette Middle
High school
Baldwin County High
Directions
From US-31 turn South on Churchill Drive. Property will be on the left.
Standard status
Active
APN
33-03-07-0-000-005.006
Size
1,352 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Description
Lot 3 Phase One Churchill Downs Sub
Legal Description
Lot 3 Phase One Churchill Downs Sub
Amenities
covered front and back porch
Building Details
Year built
2025
Floors in Building
1
Flooring type
Other floors-see remarks
Roof type
Composition
Architectural style
Other
Listing Agency:
Shamrock Properties, LLC
(251) 533-9445
Listed By:
David Kahalley · License #77246
(251) 533-9033
Added: Jun 27, 2025
Changed: Jul 31
Last Checked: Aug 1 at 10:06AM
MLS# 377918
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.
Single-story duplex designed as a three-bedroom, two-bath residence, built in 2025. The home features stained concrete floors, granite countertops, and stainless steel appliances, including a dishwasher, disposal, microwave, electric range, and refrigerator. Ceiling fans and blinds are installed in all bedrooms. The primary bathroom includes double vanities, a tub/shower combo, and a walk-in closet.
The duplex includes an attached single-car garage plus a covered front and back porch and a yard with an open area. The roof is composition.
The property is sold with a lease in place and is professionally managed by Shamrock Properties. Lawn care, termite bond, and insurance on the building and roof are included in the monthly dues, which also cover insurance on the building and roof. Lot size is 0.309 acres, and the property size is 1,352 square feet. Buyer to verify all information during due diligence.
The duplex includes an attached single-car garage plus a covered front and back porch and a yard with an open area. The roof is composition.
The property is sold with a lease in place and is professionally managed by Shamrock Properties. Lawn care, termite bond, and insurance on the building and roof are included in the monthly dues, which also cover insurance on the building and roof. Lot size is 0.309 acres, and the property size is 1,352 square feet. Buyer to verify all information during due diligence.
Key Highlights
- Sold with a lease in place, professionally managed by Shamrock Properties
- One‑story three‑bedroom, two‑bath duplex built in 2025
- Attached single‑car garage plus covered front and back porches
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 | $18.7k | $13.80 |
| − Vacancy | −$970 | −$0.72 |
| EGI | $17.7k | $13.08 |
| − OpEx | −$5.3k | −$3.92 |
| NOI | $12.4k | $9.16 |
1,352 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$176.9K
$154.8K – $206.4K
NOI $12,381 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$157.4K
$137.8K – $183.7K
NOI $11,020 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$325.1K
$284.5K – $379.3K
NOI $22,759 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 36527, AL
18,034
Population
7,621
Households
2.4
Avg Household Size
39
Median Age
43%
College-Educated
97%
High-School Grad
42.3 sq mi
ZIP Area
426
Density / Sq Mi
$112,672
Median Household Income
$51,337
Median Earnings
$1,373
Median Rent
$348,200
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?
Duplex - One-story three-bedroom, two-bath duplex with an attached single-car garage and a professionally managed lease in place.
Where is this duplex located?
The property is located at 33228 Stables Drive Spanish Fort, AL.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Sold with a lease in place, professionally managed by Shamrock Properties; One‑story three‑bedroom, two‑bath duplex built in 2025; Attached single‑car garage plus covered front and back porches
