Canal-Front Multifamily
For Sale
$1,250,000
Pending
26425 Marina Road, Orange Beach, AL 36561
MULTI_FAMILY - Other - Orange Beach, AL
Property Size4,900 SF
Lot Size0.45 Acres
Days on Market62
Property Features for 26425 Marina Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 5
Parking features
Open, Garage
Patio and Porch features
Porch
Interior features
Ceiling Fan(s)
Fireplace
1
Appliances
Gas Range, Microwave, Dishwasher
Subdivision
Terry Cove
Lot features
Waterfront, Water View, Less Than 1 Acre
Elementary school
Orange Beach Elementary
Middle school
Orange Beach Middle
High school
Orange Beach High
Directions
161 to Marina Rd - head east on Marina Road and the home is on your left.
Standard status
Pending
APN
65-02-09-0-001-039.000
Size
4,900 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Annual Amount
9120
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric
Building Details
Year built
2008
Floors in Building
3
Flooring type
Carpet, Wood, Tile
Roof type
Metal
Architectural style
Other
Listing Agency:
RE/MAX Paradise
(251) 948-8000
Listed By:
Mindy Kaiser Jones · License #83237-1
(251) 747-0854
Added: Jun 4
Changed: Aug 4
Last Checked: Aug 4 at 2:06PM
MLS# 397705
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 canal-front multifamily property in Orange Beach contains approximately 4,900 square feet of living space and was built in 2008. The five-bedroom, 5.5-bath layout includes a main-level living room, laundry room, half bath, primary suite, upstairs loft, and two additional bedrooms with private bathrooms. A lower-level living area adds a full kitchen, living room, bedroom, bathroom, and built-in bunk beds with four twin beds. Interior finishes include tile, wood, and carpet flooring, with a gas range, microwave, dishwasher, central heating, electric cooling, and a gas tankless water heater.
Exterior features include a private garage, heated and cooled storage, a composite pier with power, and a large boat slip with direct canal access. The property sits on 0.451 acres at 26425 Marina Road and includes an elevator shaft prepared for future installation. Rental use is subject to a 15-night minimum, and the beach is described as minutes away.
Exterior features include a private garage, heated and cooled storage, a composite pier with power, and a large boat slip with direct canal access. The property sits on 0.451 acres at 26425 Marina Road and includes an elevator shaft prepared for future installation. Rental use is subject to a 15-night minimum, and the beach is described as minutes away.
Key Highlights
- Approximately 4,900 square feet with 5 bedrooms and 5.5 bathrooms
- Direct canal access with a large boat slip and composite pier with power
- Lower‑level living area with full kitchen, bedroom, bathroom, and four twin bunk beds
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 | $76.4k | $15.60 |
| − Vacancy | −$3.8k | −$0.78 |
| EGI | $72.6k | $14.82 |
| − OpEx | −$32.7k | −$6.67 |
| NOI | $39.9k | $8.15 |
4,900 SF · lease $15.60/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$570.6K
$499.3K – $665.7K
NOI $39,940 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,485 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
Business Placement
Demographics for 36561, AL
9,146
Population
16,184
Households
0.6
Avg Household Size
52
Median Age
41%
College-Educated
98%
High-School Grad
16.7 sq mi
ZIP Area
548
Density / Sq Mi
$89,432
Median Household Income
$48,771
Median Earnings
$1,346
Median Rent
$529,100
Median Home Value
Market
Properties on Market for Multifamily properties in Baldwin County
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Flexible coastal layout with private boating access, a separate lower-level living area, and a 15-night minimum rental period.
Where is this multifamily property located?
The property is located at 26425 Marina Road Orange Beach, AL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 4,900 square feet with 5 bedrooms and 5.5 bathrooms; Direct canal access with a large boat slip and composite pier with power; Lower‑level living area with full kitchen, bedroom, bathroom, and four twin bunk beds
