Remodeled Furnished
New
For Sale
Under Contract
$410,000
1901 N Alston Street, Foley, AL 36535
Residential Income, Foley, AL
Property Size1,833 SF
Lot Size0.25 Acres
Price / SF$223.68
Days on Market2
Property Features for 1901 N Alston Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3
Patio and Porch features
Porch
Interior features
Ceiling Fan(s)
Fencing
Fenced
Appliances
Dryer, Washer, Disposal, Microwave, Dishwasher, Refrigerator, Electric Range
Lot features
Corner Lot, Less Than 1 Acre
Elementary school
Foley Elementary
Middle school
Foley Middle
High school
Foley High
Directions
HWY 59 NORTH PAST HOSPITAL, LEFT ON PEACHTREE AVE. RIGHT ON ALSTON ST. UP ON THE LEFT.
Subdivision
Baldwin
Standard status
Active Under Contract
APN
54-04-17-4-000-026.000
Size
1,833 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
Lot 13 Blk 3 Roberts Sub In The City Of Foley Sec 17-T7s-R4e
Tax Annual Amount
1498
Legal Description
Lot 13 Blk 3 Roberts Sub In The City Of Foley Sec 17-T7s-R4e
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1945
Floors in Building
2
Roof type
Metal
Architectural style
Other
Listing Agency:
Luxury Coastal Vacations, LLC
Listed By:
Dylan Chastain · License #158021-1
(850) 316-4573
Added: Sep 23
Last Checked: Sep 24 at 3:06PM
MLS# 411085
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 remodeled duplex contains 1,833 square feet on a 0.253-acre lot in Foley, Alabama. The two-unit configuration includes refreshed interiors, modern finishes, comfortable living areas, and furnishings included with the sale. The property has four bedrooms and three bathrooms, along with porches, ceiling fans, electric heating, and a metal roof.
Appliances include a washer, dryer, disposal, microwave, dishwasher, refrigerator, and electric range. The parcel is fenced and benefits from no HOA. Its furnished condition and two-unit layout support residential income use, furnished rental use, or owner occupancy with additional rental space, as described for the property.
Appliances include a washer, dryer, disposal, microwave, dishwasher, refrigerator, and electric range. The parcel is fenced and benefits from no HOA. Its furnished condition and two-unit layout support residential income use, furnished rental use, or owner occupancy with additional rental space, as described for the property.
Key Highlights
- Two‑unit duplex with 1,833 square feet of property space
- 0.253‑acre fenced lot in Foley, AL
- Four bedrooms and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,786
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$335,720
$335.7K
Cap Rate 7%
$239,800
$239.8K
Cap Rate 9%
$186,511
$186.5K
Market Conditions
NOI Build-Up for 1,833 SF
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.
Gross rent
$25.3K $13.80/SF
− Vacancy
−$1.3K −$0.72/SF
EGI
$24.0K $13.08/SF
− OpEx
−$7.2K −$3.92/SF
NOI
$16.8K $9.16/SF
Area
Baldwin County, AL
Vacancy
5.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$335,720
Cap Rate 7%
$239,800
Cap Rate 9%
$186,511
Alternative Uses
Best Use
Multifamily LT 5
$239.8K
$209.8K – $279.8K
NOI $16,786 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$213.4K
$186.8K – $249.0K
NOI $14,941 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$440.8K
$385.7K – $514.3K
NOI $30,856 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Explore this area
Business Placement
Demographics for 36535, AL
35,484
Population
18,755
Households
1.9
Avg Household Size
46
Median Age
26%
College-Educated
90%
High-School Grad
92.5 sq mi
ZIP Area
384
Density / Sq Mi
$67,013
Median Household Income
$41,574
Median Earnings
$1,168
Median Rent
$250,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with updated interiors, furnishings, appliances, and no HOA restrictions.
Where is this duplex located?
The property is located at 1901 N Alston Street Foley, AL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,833 square feet of property space; 0.253‑acre fenced lot in Foley, AL; Four bedrooms and three bathrooms
