Duplex with Two Rented
14165 River Oaks Drive Coden, AL 36523
14165 River Oaks Drive, Coden, AL, 36523
$234,000
For Sale
$234,000
SINGLE_FAMILY - Coden, AL
Property Size1,890 SF
Lot Size0.49 Acres
Price / SF$123.81
Days on Market283
Property Features for 14165 River Oaks Drive
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 5
- Fireplace
- 1
- Appliances
- Range-Electric, Refrigerator
- Standard status
- Active
- APN
- 4308352000038XXX
- Size
- 1,890 SF
- Lot size
- 0.49 Acres
Taxes and HOA fees
- Tax Description
- LOTS 9 & 10 BLK B BAYOU SHORES S/D MBK 11 PG 79 SECT 35 T7S R2W #SEC 35 T7S R2W #MP43 08 35 2 000
Building Details
- Year built
- 2005
- Floors in Building
- 1
- Flooring type
- Vinyl
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
EXIT Realty Promise
(251) 450-1481
759 Downtowner Lp W, AL
Listed by
Terry Shelburne · License #127317
(731) 695-5360
Added: Oct 9, 2025 Checked: Jul 18 at 6:06 am
MLS# 386375
Listing URL
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 duplex in Coden includes Unit A and Unit B, offering two rental residences under one property. Unit A is a 2-bedroom, 1-bath home, and Unit B is a 3-bedroom, 2-bath home. The property is described as having spacious front and back yards for personal use, and all appliances are included.
The home is located at 14165 River Oaks Drive in Coden, Alabama, in a water-oriented subdivision described as Bayou Shores. Public remarks indicate proximity to Bayou Jonas as well as to West Fowl River, Mobile Bay, and the Gulf of America.
Both units are currently rented out, supporting an immediate rental income setup as described in the remarks. Buyer and buyer’s agent should confirm all information during due diligence.
The home is located at 14165 River Oaks Drive in Coden, Alabama, in a water-oriented subdivision described as Bayou Shores. Public remarks indicate proximity to Bayou Jonas as well as to West Fowl River, Mobile Bay, and the Gulf of America.
Both units are currently rented out, supporting an immediate rental income setup as described in the remarks. Buyer and buyer’s agent should confirm all information during due diligence.
Key Highlights
- Duplex built in 2005 with two rental units: Unit A (2BR/1BA) and Unit B (3BR/2BA).
- Both units are currently rented, providing income: Unit A rents for $995/month and Unit B rents for $1,095/month.
- All appliances convey, including electric range and refrigerator for the units.
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 | $23.8k | $12.60 |
| − Vacancy | −$1.5k | −$0.82 |
| EGI | $22.3k | $11.78 |
| − OpEx | −$6.7k | −$3.53 |
| NOI | $15.6k | $8.25 |
1,890 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$222.7K
$194.8K – $259.8K
NOI $15,586 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$207.1K
$181.2K – $241.7K
NOI $14,499 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$465.7K
$407.5K – $543.3K
NOI $32,596 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex in Coden offering two rented units, each with appliances conveying and front and back yards.
Where is this duplex located?
The property is located at 14165 River Oaks Drive Coden, AL.
What is the asking price?
The asking price for this property is $234,000.
What are key features of this property?
This property features: Duplex built in 2005 with two rental units: Unit A (2BR/1BA) and Unit B (3BR/2BA).; Both units are currently rented, providing income: Unit A rents for $995/month and Unit B rents for $1,095/month.; All appliances convey, including electric range and refrigerator for the units.
