Fenced Quadplex with Detached
For Sale
$1,090,000
27523 Park Drive, Orange Beach, AL 36561
MULTI_FAMILY - Orange Beach, AL
Property Size3,333 SF
Lot Size0.51 Acres
Price / SF$327.03
Days on Market107
Property Features for 27523 Park Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 5, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 2
Parking features
None
Appliances
Dishwasher, Microwave, Range-Gas, Refrigerator
Subdivision
East Orange Beach
Elementary school
Orange Beach Elementary
Middle school
Orange Beach Middle
High school
Orange Beach
Directions
Take Canal Road East. Take a left onto Wilson (Orange Beach Elementary School). At the first stop sign turn right onto Park Drive. 27523 Park Drive is on the left about .2 miles down.
Standard status
Active
APN
62-07-36-0-002-028
Size
3,333 SF
Lot size
0.51 Acres
Building Details
Year built
2001
Floors in Building
1
Flooring type
Vinyl
Roof type
Metal
Architectural style
Other
Listing Agency:
List With Freedom, Inc
(855) 456-4945
Listed By:
Ralph Harvey · License #338742
(855) 456-4945
Added: Apr 15
Changed: Jul 29
Last Checked: Jul 30 at 7:06PM
MLS# 395115
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 quadplex offers four separate living units across two detached structures on a fenced property. The layout includes a combined total of 5 bedrooms, 5 bathrooms, 3 kitchens, and 4 living areas, providing multiple configurations for owner-occupancy or rental use. The property also includes ample parking, with room noted for boats, trailers, RVs, and guests.
The home is described as water-close, offering quick access to Gulf Coast boating, fishing, and beach activities. The neighborhood features its own boat launch, and the listing also notes proximity to a school and the Orange Beach recreation center.
Buyer is advised to verify all information during due diligence.
The home is described as water-close, offering quick access to Gulf Coast boating, fishing, and beach activities. The neighborhood features its own boat launch, and the listing also notes proximity to a school and the Orange Beach recreation center.
Buyer is advised to verify all information during due diligence.
Key Highlights
- Fenced property on over half an acre in Orange Beach, AL
- Four separate living units across two detached structures
- Total layout includes 5 bedrooms, 5 bathrooms, 3 kitchens, and 4 living areas
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 | $46.0k | $13.80 |
| − Vacancy | −$2.4k | −$0.72 |
| EGI | $43.6k | $13.08 |
| − OpEx | −$13.1k | −$3.92 |
| NOI | $30.5k | $9.16 |
3,333 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$436.0K
$381.5K – $508.7K
NOI $30,523 @ 7.0% cap · market cap 2.80%
Second Best
Apartment 5plus
$388.1K
$339.6K – $452.8K
NOI $27,167 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$801.5K
$701.3K – $935.1K
NOI $56,106 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
129
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separate living units are set across two detached structures on a fenced lot in Orange Beach.
Where is this quadplex located?
The property is located at 27523 Park Drive Orange Beach, AL.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Fenced property on over half an acre in Orange Beach, AL; Four separate living units across two detached structures; Total layout includes 5 bedrooms, 5 bathrooms, 3 kitchens, and 4 living areas
