1106 2nd Street, Daphne, AL 36526
- Added:
- Apr 25, 2026
- Days on Market:
- 56
- Last Refresh:
- Jun 19 at 4:06 pm
Property Features for 1106 2nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bathroom 5, Bedroom 4, Bedroom 8, Bathroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 6, Bedroom 7, Bathroom 8, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 5, Bathroom 7
- Appliances
- Dishwasher, Microwave, Refrigerator
- Standard status
- Active
- APN
- 4303060004039001
- Size
- 3,960 SF
Building Details
- Year built
- 1979
- Floors in Building
- 1
- Flooring type
- Vinyl
- Roof type
- Metal
- Architectural style
- Other
Listing agent Maura McGraw License #165405 (415) 636-2508
Listing office Waters Edge Realty 8 S Bancroft St, Fairhope, AL (251) 215-1783
Listing date Apr 25, 2026
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.
HighLights
- 4‑unit multifamily property in the Seacliff area of Daphne
- Each unit is a 2‑bedroom, 2‑bathroom layout of approximately 990 SF
- Brand‑new roof installed in 2025; metal roof
- Units are separately metered with no HOA restrictions
- Estimated stabilized rents approach $5,500 per month (current rents are below market)
- Appliances include dishwasher, microwave, and refrigerator; vinyl flooring
Overview
The property is located in the Seacliff area of Daphne, Alabama, at 1106 2nd Street. According to the listing, it is just minutes from local shopping, dining, and Mobile Bay.
For buyers or operators seeking a small, self-managed style rental setup, the separately metered configuration can help keep utility billing straightforward. The listing also notes that current rents are below market, and includes an estimate that stabilized rents could approach $5,500 per month; buyers should verify all information during due diligence. A rent-to-own option is also noted as available in the remarks.
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 | $54.6k | $13.80 |
| − Vacancy | −$2.8k | −$0.72 |
| EGI | $51.8k | $13.08 |
| − OpEx | −$15.5k | −$3.92 |
| NOI | $36.3k | $9.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Daphne
- County
- Baldwin
- State
- Alabama
- Longitude
- -87.9146076
- Latitude
- 30.6439394
