Building Details

Year Built 1977

Buildings 1

Tenancy Multi

Listing Agency: IXL Real Estate-Eastern Shore Show Phone

Listed By: Marty Harris · License #133391 Show Phone

Source: Exitrealty

Added: Aug 20 Changed: Sep 2 Last Checked: Sep 15 at 5:52AM

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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 IXL Real Estate-Eastern Shore

Investment Insights

Based on property information with market context.

This duplex contains 1,592 square feet arranged as two separate one-bedroom, one-bath residences of approximately 796 square feet each. Both units are occupied by tenants and are generating rental income. Built in 1977, the property includes high ceilings, screened porch areas, abundant natural light, wood-look flooring, neutral finishes, white cabinetry, and decorative fireplace features.

Mature shade trees surround the building, while each residence has access to a screened porch that adds usable outdoor space. The property is located in Chickasaw with nearby shopping and restaurants. Its two-unit layout, existing occupants, and separate residential spaces provide a clearly defined multifamily configuration.

Key Highlights

• 1,592‑square‑foot duplex with two separate residences
• Two 1‑bedroom, 1‑bath units, each approximately 796 square feet
• Both units are tenant‑occupied and generating rental income

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,225

Cap Rate

8.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,500 $284.5K

Cap Rate 7%

$203,214 $203.2K

Cap Rate 9%

$158,056 $158.1K

Market Conditions

NOI Build-Up for 1,592 SF

Gross rent

$22.0K $13.80/SF

− Vacancy

−$1.6K −$1.04/SF

EGI

$20.3K $12.77/SF

− OpEx

−$6.1K −$3.83/SF

NOI

$14.2K $8.94/SF

Area

Mobile, AL

Vacancy

7.50%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,500

Cap Rate 7%

$203,214

Cap Rate 9%

$158,056

Alternative Uses

Best Use

Multifamily LT 5

$203.2K

$177.8K – $237.1K (±1% cap)

NOI $14,225 @ 7.0% cap · market cap 8.63%

Second Best

Apartment 5plus

$188.5K

$164.9K – $219.9K (±1% cap)

NOI $13,192 @ 7.0% cap · market cap 8.00%

Theoretical Best

Office A

$404.6K

$354.1K – $472.1K (±1% cap)

NOI $28,324 @ 7.0% cap · market cap 17.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office HVAC Service Kitchen & Bath Showroom Spa & Massage Center

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

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

202

Businesses Nearby

Explore this area Business Placement

Demographics for 36611, AL

6,457

Population

2,713

Households

2.4

Avg Household Size

36

Median Age

12%

College-Educated

88%

High-School Grad

4.9 sq mi

ZIP Area

1,318

Density / Sq Mi

$42,854

Median Household Income

$30,553

Median Earnings

$945

Median Rent

$110,300

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two one-bedroom residences offer separate living areas, screened porches, and existing rental occupancy.

Where is this duplex located?

The property is located at 19 Gulf Street Mobile, AL.

What is the asking price?

The asking price for this property is $164,900.

What are key features of this property?

This property features: 1,592‑square‑foot duplex with two separate residences; Two 1‑bedroom, 1‑bath units, each approximately 796 square feet; Both units are tenant‑occupied and generating rental income