1106 2nd Street, Daphne, AL 36526
Four-unit multifamily with a new 2025 roof, separately metered units, and no HOA restrictions.
- Added:
- Apr 26, 2026
- Days on Market:
- 70
- Last Refresh:
- Jul 1 at 2:39 am
Property Features for 1106 2nd Street
General Information
- Standard status
- Active
- Size
- 3,960 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1979
Listing office Waters Edge Realty (415) 636-2508
Listing date Apr 26, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Waters Edge Realty
HighLights
- 4‑unit multifamily property in the Seacliff area of Daphne
- Each unit features 2 bed / 2 bath layout of approximately 990 SF
- New roof installed in 2025
- All units are separately metered and there are no HOA restrictions
- Estimated stabilized rents approach $5,500/month
Overview
Situated in the Seacliff area of Daphne, the property is described as being just minutes from local shopping and dining, and from Mobile Bay. The offering is for sale, and information should be verified by buyers during due diligence.
From an operations standpoint, the lack of HOA restrictions and separately metered configuration can support efficient management decisions. Current rents are noted as being below market, and the remarks include an estimate that stabilized rents approach $5,500 per month; buyers should confirm all figures and assumptions. A rent-to-own option is also available. For investors or operators looking for a multi-unit platform with recent capital improvements, this property’s combination of updated exterior and interior work and four independent residential units is designed for straightforward tenancy and ongoing management.
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
- -87.910451
- Latitude
- 30.598237
