Waterfront Duplex with Direct Lagoon
For Sale
$669,900
120 W 3rd Avenue #A & B, Gulf Shores, AL 36542
Waterfront duplex offering two two-bedroom, one-bath units, renovated in 2021 with new HVAC and roof upgrades.
Days on Market57
Property Features for 120 W 3rd Avenue #A & B
General Information
Standard status
Active
Property subtype
Residential Income
Building Details
Building Size
1,280 SF
Year Built
1960
Year Renovated
2021
Buildings
1
Tenancy
Multi
Listing Agency:
Real Broker, LLC
(251) 504-1676
Listed By:
Cory Short · License #143201-1
(251) 504-1676
Source:
Kimwardrealty
Added: Jun 5
Changed: Jul 31
Last Checked: Jul 31 at 7:24AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This waterfront duplex at 120 W 3rd Avenue #A & B provides two two-bedroom, one-bath units. Direct water access leads out to Little Lagoon, supporting boating, jet skis, and other water activities. Side B is currently leased to a long-term tenant.
The property was extensively renovated in 2021, including a new roof with added underneath insulation, complete new exterior siding, updated decking and porches, new HVAC systems, and new hot water heaters. The home was built in 1960, and there is no HOA.
Buyer to verify all information during due diligence.
The property was extensively renovated in 2021, including a new roof with added underneath insulation, complete new exterior siding, updated decking and porches, new HVAC systems, and new hot water heaters. The home was built in 1960, and there is no HOA.
Buyer to verify all information during due diligence.
Key Highlights
- Direct water access leading out to Little Lagoon
- Two two‑bedroom, one‑bath units
- Side B currently leased to a long‑term tenant
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Waterfront duplex offering two two-bedroom, one-bath units, renovated in 2021 with new HVAC and roof upgrades.
Where is this duplex located?
The property is located at 120 W 3rd Avenue #A & B 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: Direct water access leading out to Little Lagoon; Two two‑bedroom, one‑bath units; Side B currently leased to a long‑term tenant
