Turnkey 8-Home Single-Family
2300 Middleton Road Dothan, AL 36301
2300 Middleton Road, Dothan, AL, 36301
$1,500,000
For Sale
$1,500,000
MULTI_FAMILY - Dothan, AL
Property Size9,928 SF
Lot Size2.77 Acres
Price / SF$151.09
Days on Market46
Property Features for 2300 Middleton Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 24
- Bathrooms
- 18
- Rooms
- Bathroom 14, Bedroom 21, Bedroom 23, Bedroom 11, Bedroom 17, Bedroom 19, Bathroom 12, Bathroom 13, Bathroom 6, Bedroom 7, Bathroom 7, Bedroom 8, Bathroom 1, Bedroom 12, Bedroom 20, Bedroom 4, Bathroom 16, Bathroom 17, Bedroom 1, Bedroom 5, Bathroom 4, Bathroom 5, Bedroom 13, Bedroom 9, Bedroom 14, Bathroom 18, Bedroom 2, Bedroom 15, Bedroom 6, Bathroom 2, Bedroom 10, Bedroom 3, Bathroom 3, Bathroom 8, Bedroom 18, Bedroom 16, Bathroom 9, Bedroom 24, Bathroom 15, Bathroom 11, Bathroom 10, Bedroom 22
- Appliances
- Dishwasher, Range, Refrigerator
- Standard status
- Active
- APN
- 17-0725-0-000-016.020-21-22-23
- Size
- 9,928 SF
- Lot size
- 2.77 Acres
Utilities
- Sewer type
- Septic Tank
- Water source
- Public
- Water front features
- Waterfront
Building Details
- Year built
- 2019
- Floors in Building
- 2
- Flooring type
- Laminate, Vinyl
Listing Agency
Berkshire Hathaway HomeServices Showcase Properties
(334) 792-7474
101 Executive Park Drive, Dothan, AL
Listed by
Linda Sykes
(334) 210-3303
Added: Jun 3 Checked: Jul 18 at 6:06 pm
MLS# 213375
Listing URL
Copyright © 2026 Southeast Alabama Association of 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 turnkey investment portfolio consists of eight tenant-occupied single-family homes, each situated on its own separate parcel. The mix includes six single-story residences and two two-story homes, providing variety across the portfolio while maintaining a stabilized operating profile. The properties are owner-managed using a digital property management platform, with no traditional management company fees, and the current occupancy reflects a near-zero vacancy history. When units turn, the marketing and application activity is described as producing multiple applications within days.
The portfolio is located just outside the Dothan city limits in Houston County. Buyers benefit from a county-based tax position while tenants maintain access to nearby shopping, dining, medical centers, and major employers, including Ft. Novosel and Southeast Health. The location is positioned to support durable rental demand in the Wiregrass region, and the Houston County market is described as having home values up 8.5% year-over-year.
For serious investors seeking a performing, cash-flow oriented acquisition, this is an established, tenant-occupied package ready to operate from day one. The separate-parcel structure may appeal to buyers looking for maximum flexibility for individual resale or refinancing opportunities within the broader portfolio. Financials, rent rolls, and lease agreements are available upon request to verified buyers, and showings are by appointment only with proof of funds or lender qualification. Do not disturb tenants.
The portfolio is located just outside the Dothan city limits in Houston County. Buyers benefit from a county-based tax position while tenants maintain access to nearby shopping, dining, medical centers, and major employers, including Ft. Novosel and Southeast Health. The location is positioned to support durable rental demand in the Wiregrass region, and the Houston County market is described as having home values up 8.5% year-over-year.
For serious investors seeking a performing, cash-flow oriented acquisition, this is an established, tenant-occupied package ready to operate from day one. The separate-parcel structure may appeal to buyers looking for maximum flexibility for individual resale or refinancing opportunities within the broader portfolio. Financials, rent rolls, and lease agreements are available upon request to verified buyers, and showings are by appointment only with proof of funds or lender qualification. Do not disturb tenants.
Key Highlights
- Portfolio of 8 tenant‑occupied single‑family homes in Houston County, Alabama (just outside Dothan city limits)
- Mix includes 6 single‑story homes and 2 two‑story homes, each on its own separate parcel
- Tenant‑occupied portfolio with near‑zero vacancy history
Local Financial Insights For Apartment 5plus
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 | $104.8k | $10.56 |
| − Vacancy | −$6.1k | −$0.61 |
| EGI | $98.8k | $9.95 |
| − OpEx | −$44.4k | −$4.48 |
| NOI | $54.3k | $5.47 |
9,928 SF · lease $10.56/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$776.0K
$679.0K – $905.3K
NOI $54,317 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.75M
$1.54M – $2.05M
NOI $122,834 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Eight tenant-occupied homes on separate parcels offer stabilized income and flexible future resale or refinancing options.
Where is this single family property located?
The property is located at 2300 Middleton Road Dothan, AL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Portfolio of 8 tenant‑occupied single‑family homes in Houston County, Alabama (just outside Dothan city limits); Mix includes 6 single‑story homes and 2 two‑story homes, each on its own separate parcel; Tenant‑occupied portfolio with near‑zero vacancy history
