Canal-Front Short-Term Rental
For Sale
$1,299,000
Pending
26427 Marina Road, Orange Beach, AL 36561
MULTI_FAMILY - Other - Orange Beach, AL
Property Size5,000 SF
Lot Size0.45 Acres
Days on Market62
Property Features for 26427 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
Wet Bar, Ceiling Fan(s)
Fireplace
1
Appliances
Gas Range, Microwave, Dishwasher, Plumbed For Ice Maker
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
Take 161 to Marina Road, head east on Marina Rd and the home is on the left
Standard status
Pending
APN
65-02-09-0-001-039.000
Size
5,000 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Annual Amount
9120
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric
Amenities
boat slip
composite pier
heated and cooled storage
Building Details
Year built
2008
Floors in Building
3
Flooring type
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# 397703
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.
The east side of this canal-front duplex is a 5,000-square-foot residence completed in 2008. The layout includes five bedrooms and 5.5 bathrooms, with wood and tile flooring, a living room with wet bar, oversized laundry room, and multiple private suites. A separate lower-level living area adds a kitchen, living room, bedroom, bathroom, and built-in hallway bunk beds with four twin beds. Gas cooktops, gas tankless water heaters, two garage spaces, heated and cooled storage, and an elevator shaft prepared for future installation are also included.
Waterfront features include a large boat slip and a composite pier with power. The 0.451-acre property also has room for a pool, while the Orange Beach setting places the residence minutes from the beach. Rental use is subject to a 15-night minimum. The west side of the duplex is identified as MLS 397705.
Waterfront features include a large boat slip and a composite pier with power. The 0.451-acre property also has room for a pool, while the Orange Beach setting places the residence minutes from the beach. Rental use is subject to a 15-night minimum. The west side of the duplex is identified as MLS 397705.
Key Highlights
- 5,000‑square‑foot east‑side duplex residence with 5 bedrooms and 5.5 bathrooms
- Canal frontage with large boat slip and composite pier with power
- Lower‑level living area includes kitchen, bedroom, bathroom, and four built‑in 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 | $78.0k | $15.60 |
| − Vacancy | −$3.9k | −$0.78 |
| EGI | $74.1k | $14.82 |
| − OpEx | −$33.3k | −$6.67 |
| NOI | $40.8k | $8.15 |
5,000 SF · lease $15.60/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$582.2K
$509.4K – $679.3K
NOI $40,755 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,168 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - East-side duplex residence with a boat slip, composite pier, and flexible space for waterfront gatherings.
Where is this short term rental property located?
The property is located at 26427 Marina Road Orange Beach, AL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 5,000‑square‑foot east‑side duplex residence with 5 bedrooms and 5.5 bathrooms; Canal frontage with large boat slip and composite pier with power; Lower‑level living area includes kitchen, bedroom, bathroom, and four built‑in twin bunk beds
