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Waterfront Duplex
For Sale
$669,900

120 W 3rd Avenue, Gulf Shores, AL 36542

Residential Income, Gulf Shores, AL

Property Size1,280 SF
Lot Size0.23 Acres
Price / SF$523.36
Days on Market99

Property Features for 120 W 3rd Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Laundry Room, Bedroom 1, Utility Room, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4
Parking features Covered, Carport
Interior features Ceiling Fan(s)
Exterior features Storage
Fireplace 1
Appliances Cooktop, Dishwasher, Refrigerator, Electric Range
Subdivision Venetian Isles
Lot features Less Than 1 Acre
Elementary school Gulf Shores Elementary
Middle school Gulf Shores Middle
High school Gulf Shores High
Directions Take a right onto W 3rd Ave from Hwy 59 in Gulf Shores. The property is the 3rd home on the right. Look for signage.
Standard status Active
APN 66-04-20-1-000-057.000
Size 1,280 SF
Lot size 0.23 Acres

Taxes and HOA fees

Tax Description 100 X 100 Lot 6 Blk 4 Venetian Isles Pb4 Pg157 In City Of Gulf Shores Sec 20-T9s-R4e (Qcd)
Legal Description 100 X 100 Lot 6 Blk 4 Venetian Isles Pb4 Pg157 In City Of Gulf Shores Sec 20-T9s-R4e (Qcd)

Utilities

Heating system Central
Cooling system Electric
Water front features Beach Access, Lagoon, Canal Access

Building Details

Year built 1960
Floors in Building 1
Flooring type Tile
Roof type Metal
Architectural style Other
Additional Structures Storage
Listing Agency: Real Broker, LLC
Listed By: Cory Short · License #143201-1
Added: Jun 5 Changed: Sep 6 Last Checked: Sep 11 at 9:06PM
MLS# 397758

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 1,280-square-foot duplex contains two 2-bedroom, 1-bath units on a 0.2296-acre lot. The property underwent extensive renovation in 2021, including a metal roof with added insulation beneath, new exterior siding, updated porches and decking, HVAC systems, and hot water heaters. Tile flooring, central heating, electric cooling, storage, laundry and utility rooms, and covered carport parking are also included. Side B is leased to a long-term tenant.

Waterfront access connects to Little Lagoon and supports boating, jet skis, and other water activities. The property is located in Gulf Shores near the beach, dining, and shopping, including Crico's and Papa Rocco's. There is no HOA.

Key Highlights

  • 1,280 SF duplex with two 2‑bedroom, 1‑bath units
  • 0.2296‑acre waterfront lot with access to Little Lagoon
  • Extensively renovated in 2021 with new roof, siding, decking, HVAC systems, and hot water heaters

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Carpet & Flooring Store Butcher Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

437
Businesses Nearby

Demographics for 36542, AL

16,993
Population
18,551
Households
0.9
Avg Household Size
51
Median Age
38%
College-Educated
95%
High-School Grad
52.0 sq mi
ZIP Area
327
Density / Sq Mi
$74,861
Median Household Income
$35,580
Median Earnings
$1,365
Median Rent
$366,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Renovated two-unit property with lagoon access, covered parking, and no HOA.
Where is this duplex located?
The property is located at 120 W 3rd Avenue Gulf Shores, AL.
What is the asking price?
The asking price for this property is $669,900.
What are key features of this property?
This property features: 1,280 SF duplex with two 2‑bedroom, 1‑bath units; 0.2296‑acre waterfront lot with access to Little Lagoon; Extensively renovated in 2021 with new roof, siding, decking, HVAC systems, and hot water heaters
More about this property
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