Beach-Style Duplex with Rental
224 W 6th Avenue #B Gulf Shores, AL 36542
224 W 6th Avenue #B, Gulf Shores, AL, 36542
$539,000
For Sale
$539,000
Charming duplex near Gulf Shores, ideal for long-term rentals.
Property Size1,800 SF
Price / SF$299.44
Days on Market121
Property Features for 224 W 6th Avenue #B
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2012
Listing Agency
Dolphin Cove Realty LLC
(251) 979-8155
Listed by
Mitch Holliman · License #75009
(251) 979-8155
Source
Exitrealty
Added: Mar 19 Checked: Jul 16 at 6:53 am
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 Dolphin Cove Realty LLC
Investment Insights
Based on property information with market context.
This raised beach-style duplex offers a blend of charm and durability, presenting long-term rental potential. Unit B, situated on the west side, includes 4 bedrooms and 3 bathrooms. The open-concept living room features tall ceilings, creating a spacious atmosphere, with a staircase leading to a second-level loft and a fourth bedroom with a full bathroom. The home is equipped with granite countertops, low-maintenance Hardie plank siding, and a metal roof. Covered parking is available beneath each unit, suitable for vehicles, boat storage, or shaded outdoor space. Located minutes from Gulf Shores' beaches, shopping, and dining, this property is zoned for long-term rentals. It provides an ideal setup for long-term tenants or multi-generational living. Side #B can be purchased with side #A. This income-producing property is located in a prime coastal location. The property size is 1800 square feet. The home will be subdivided prior to closing.
Key Highlights
- Prime location minutes from Gulf Shores beaches, shopping, and dining.
- Ideal for long‑term rentals with no short‑term rental restrictions.
- Durable, low‑maintenance construction with Hardie plank siding and metal roof.
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 | $24.8k | $13.80 |
| − Vacancy | −$1.3k | −$0.72 |
| EGI | $23.5k | $13.08 |
| − OpEx | −$7.1k | −$3.92 |
| NOI | $16.5k | $9.16 |
1,800 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$235.5K
$206.1K – $274.7K
NOI $16,484 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$209.6K
$183.4K – $244.5K
NOI $14,672 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$432.9K
$378.8K – $505.0K
NOI $30,300 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Charming duplex near Gulf Shores, ideal for long-term rentals.
Where is this duplex located?
The property is located at 224 W 6th Avenue #B Gulf Shores, AL.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Prime location minutes from Gulf Shores beaches, shopping, and dining.; Ideal for long‑term rentals with no short‑term rental restrictions.; Durable, low‑maintenance construction with Hardie plank siding and metal roof.
