Four-Unit Quadplex with New
For Sale
$629,999
1106 2nd Street, Daphne, AL 36526
MULTI_FAMILY - Daphne, AL
Property Size3,960 SF
Price / SF$159.09
Days on Market101
Property Features for 1106 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 2, Bedroom 5, Bathroom 5, Bedroom 7, Bathroom 3, Bedroom 3, Bathroom 6, Bathroom 1, Bedroom 6, Bathroom 7, Bathroom 8, Bathroom 4, Bedroom 8, Bedroom 2, Bedroom 1, Bedroom 4
Appliances
Dishwasher, Microwave, Refrigerator
Subdivision
Park City
Elementary school
Daphne Elementary
Middle school
Daphne Middle
High school
Daphne High
Directions
Head East on Hwy 98 and take a right onto Academy Dr. Next right on Second St.
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 Agency:
Waters Edge Realty
(251) 215-1783
Listed By:
Maura McGraw · License #165405
(415) 636-2508
Added: Apr 25
Changed: Aug 3
Last Checked: Aug 3 at 6:06PM
MLS# 395706
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 four-unit quadplex offers four separate 2-bedroom, 2-bathroom layouts, each approximately 990 square feet. The property totals 3,960 square feet and was built in 1979. Updates include a brand-new metal roof installed in 2025, along with interior and exterior improvements. Flooring is listed as vinyl, and in-unit appliances include a dishwasher, microwave, and refrigerator.
The units are separately metered, and there are no HOA restrictions noted. The property is located in the Seacliff area of Daphne, and it is described as being just minutes from local shopping, dining, and Mobile Bay.
Each unit configuration and the separately metered setup may appeal to tenants and operators looking for manageable unit-level billing. A rent-to-own option is noted as available. Buyer should verify all information during due diligence.
The units are separately metered, and there are no HOA restrictions noted. The property is located in the Seacliff area of Daphne, and it is described as being just minutes from local shopping, dining, and Mobile Bay.
Each unit configuration and the separately metered setup may appeal to tenants and operators looking for manageable unit-level billing. A rent-to-own option is noted as available. Buyer should verify all information during due diligence.
Key Highlights
- Metal roof replaced in 2025
- Four units, each a 2‑bedroom, 2‑bathroom layout (~990 SF each)
- Separately metered utilities and no HOA restrictions
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 |
3,960 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$518.1K
$453.3K – $604.4K
NOI $36,264 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$461.1K
$403.5K – $538.0K
NOI $32,278 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$952.3K
$833.3K – $1.11M
NOI $66,661 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Explore this area
Business Placement
Demographics for 36526, AL
35,720
Population
14,074
Households
2.5
Avg Household Size
40
Median Age
43%
College-Educated
94%
High-School Grad
37.7 sq mi
ZIP Area
947
Density / Sq Mi
$90,733
Median Household Income
$50,049
Median Earnings
$1,353
Median Rent
$311,000
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?
Quadplex - Four-unit quadplex with separately metered utilities and a metal roof replaced in 2025.
Where is this quadplex located?
The property is located at 1106 2nd Street Daphne, AL.
What is the asking price?
The asking price for this property is $629,999.
What are key features of this property?
This property features: Metal roof replaced in 2025; Four units, each a 2‑bedroom, 2‑bathroom layout (~990 SF each); Separately metered utilities and no HOA restrictions
