Two-Story Duplex with
6980 Laverne Drive S Mobile, AL 36618
6980 Laverne Drive S, Mobile, AL, 36618
$198,000
For Sale
$198,000
MULTI_FAMILY - Mobile, AL
Property Size1,152 SF
Lot Size0.42 Acres
Price / SF$171.88
Days on Market19
Property Features for 6980 Laverne Drive S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Carport, Driveway
- Window features
- Double Pane Windows, Insulated Windows
- Fencing
- Chain Link, Fenced
- Standard status
- Active
- Lot size
- 0.42 Acres
Taxes and HOA fees
- Tax Annual Amount
- 760
Utilities
- Utilities
- Water Available
- Sewer type
- Septic Tank
- Heating system
- Heat Pump (Heating), Central
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2002
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile - Ceramic, Carpet
- Building materials
- HardiPlank Type
- Roof type
- Metal
Listing Agency
Keller Williams Mobile
(251) 662-5660
Mobile, AL
Listed by
Jeff Jones
(251) 545-8445
Added: Jun 30 Checked: Jul 18 at 9:06 am
MLS# 7798182
Listing URL
Copyright © 2026 Mobile Area Association of 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.
6980 Laverne Drive S is a two-story duplex containing two separate residential units. The main-level unit includes two bedrooms and one bathroom with a living area and a full kitchen. The upstairs unit offers one bedroom and one bathroom, with its own kitchen and living space. In addition to the carport parking, the property includes a very large workshop and garage, providing practical space for storage, projects, or tenant use.
The duplex sits on a 0.42-acre lot. Both units are currently leased through February 2027, which supports an immediate income stream for buyers seeking in-place occupancy. Lease terms may be negotiable, and the neighboring home next door is available to purchase as a package deal as well.
This setup can fit owner-occupants looking to live in one unit while renting the other, as well as investors interested in a ready-to-rent residential income property with distinct unit layouts and kitchens. The presence of the large workshop and garage adds additional utility beyond the living space, while the separate upstairs and main-level configurations can help tenants maintain privacy and routine separation. If you are evaluating multi-family options, this duplex offers a straightforward two-unit structure with existing leasing in place.
The duplex sits on a 0.42-acre lot. Both units are currently leased through February 2027, which supports an immediate income stream for buyers seeking in-place occupancy. Lease terms may be negotiable, and the neighboring home next door is available to purchase as a package deal as well.
This setup can fit owner-occupants looking to live in one unit while renting the other, as well as investors interested in a ready-to-rent residential income property with distinct unit layouts and kitchens. The presence of the large workshop and garage adds additional utility beyond the living space, while the separate upstairs and main-level configurations can help tenants maintain privacy and routine separation. If you are evaluating multi-family options, this duplex offers a straightforward two-unit structure with existing leasing in place.
Key Highlights
- Two‑story duplex built in 2002 with 1,152+ sq. ft. total
- Main‑level unit: 2 bedrooms, 1 bathroom, living area, and full kitchen
- Upstairs unit: 1 bedroom, 1 bathroom, with its own kitchen and living space
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 | $15.9k | $13.80 |
| − Vacancy | −$1.2k | −$1.04 |
| EGI | $14.7k | $12.77 |
| − OpEx | −$4.4k | −$3.83 |
| NOI | $10.3k | $8.94 |
1,152 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$147.1K
$128.7K – $171.6K
NOI $10,294 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$136.4K
$119.3K – $159.1K
NOI $9,546 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$292.8K
$256.2K – $341.6K
NOI $20,496 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-unit duplex with separate kitchens, plus a large workshop and garage, currently leased through February 2027.
Where is this duplex located?
The property is located at 6980 Laverne Drive S Mobile, AL.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: Two‑story duplex built in 2002 with 1,152+ sq. ft. total; Main‑level unit: 2 bedrooms, 1 bathroom, living area, and full kitchen; Upstairs unit: 1 bedroom, 1 bathroom, with its own kitchen and living space
