23888 US Highway 98, Elberta, AL 36530
MULTI_FAMILY - Elberta, AL
- Added:
- Feb 1, 2026
- Days on Market:
- 145
- Last Refresh:
- Jun 26 at 2:06 am
Property Features for 23888 US Highway 98
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 3
- Appliances
- Dishwasher, Range-Electric
- Standard status
- Active
- APN
- 54-07-25-0-000-002.027
- Size
- 2,800 SF
- Lot size
- 0.37 Acres
Taxes and HOA fees
- Tax Description
- 52(S) X 158(S) Irr That Pt Of Lot 3 Cotton Sub Slide 1898- B Desc As Fm Se Cor Of Lot 3 Th Run N 153(S) For The Pob, T H W 49(S), Th Nw 25(S), Th W 80(S), Th N 64(S), Th Ne 12 0.6, Th E 36.5, Th S 158(S) To The Pob Sec 25-T7s-R2e (Sp Wd)
Building Details
- Year built
- 2004
- Floors in Building
- 2
- Flooring type
- Tile
- Roof type
- Metal
- Architectural style
- Other
Listing agent Jonathan Bennett License #110875 (251) 424-5682
Listing office Beachball Properties 22989 Perdido Beach Blvd, Gulf Shores, AL (251) 968-8896
Listing date Feb 1, 2026
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.
HighLights
- Duplex on approximately 0.37+/- acres, just off U.S. Highway 98 in the Elberta/Foley market
- Long‑term occupancy history with current month‑to‑month occupancy for flexibility on future lease terms
- Metal roof installed in 2020
- Updated HVAC in 2018
- Full PEX plumbing replacement completed in 2022
- Includes appliances such as dishwasher and electric range; flooring includes tile
Overview
The duplex is located just off U.S. Highway 98 in the Elberta/Foley market, providing convenient access to nearby Baldwin County communities. The seller notes a long-term occupancy history, and the current occupancy is described as month-to-month, which may allow for flexibility as lease terms are reviewed.
For investors or owner-operators seeking a duplex, the combination of documented improvements and maintained operational basics can be attractive from a practical standpoint. Month-to-month occupancy may offer an opportunity to adjust future rental terms, while the existing parking layout can help simplify resident logistics. As with any property, prospective buyers should verify all details important to their decision during due diligence, including current income, expenses, and building and system conditions.
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 | $38.6k | $13.80 |
| − Vacancy | −$2.0k | −$0.72 |
| EGI | $36.6k | $13.08 |
| − OpEx | −$11.0k | −$3.92 |
| NOI | $25.6k | $9.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Elberta
- County
- Baldwin
- State
- Alabama
- Longitude
- -87.616829
- Latitude
- 30.407948
