Rented Fourplex With Additional
304-306 W Shriver Street, Summerdale, AL 36580
For Sale
$530,000
Residential Income, Summerdale, AL
Property Size4,100 SF
Lot Size0.64 Acres
Price / SF$129.27
Days on Market188
Property Features for 304-306 W Shriver Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Floors in Building
Flooring type
Roof type
Architectural style
Listing Agency:
Baldwin County Properties, Inc.
Listed By:
Donna R Cook · License #56221
(251) 928-5305
Added: May 6
Changed: Nov 3
Last Checked: Nov 9 at 7:06AM
MLS# 396157
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.
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Investment Insights
Based on property information with market context.
This property includes a fourplex that is currently rented, along with a home on the same parcel that is currently available. The total property size is listed as 4,100 square feet on a 0.64-acre lot.
The listing notes the property is in Summerdale, Alabama, and describes the area as close to the beaches, as well as Foley and Fairhope.
The buyer is advised to verify all information during due diligence.
The listing notes the property is in Summerdale, Alabama, and describes the area as close to the beaches, as well as Foley and Fairhope.
The buyer is advised to verify all information during due diligence.
Key Highlights
- 4‑plex currently rented, plus a home on the same property currently available
- Year built: 1918
- Multiple bedrooms and bathrooms listed: Bedroom 1–Bedroom 11 and Bathroom 1–Bathroom 6
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,546
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,920
$750.9K
Cap Rate 7%
$536,371
$536.4K
Cap Rate 9%
$417,178
$417.2K
Market Conditions
NOI Build-Up for 4,100 SF
Gross rent
$56.6K $13.80/SF
− Vacancy
−$2.9K −$0.72/SF
EGI
$53.6K $13.08/SF
− OpEx
−$16.1K −$3.92/SF
NOI
$37.5K $9.16/SF
Area
Baldwin County, AL
Vacancy
5.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,920
Cap Rate 7%
$536,371
Cap Rate 9%
$417,178
Alternative Uses
Best Use
Multifamily LT 5
$536.4K
$469.3K – $625.8K
NOI $37,546 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$477.4K
$417.7K – $557.0K
NOI $33,419 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$986.0K
$862.7K – $1.15M
NOI $69,018 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Explore this area
Business Placement
Demographics for 36580, AL
6,663
Population
2,932
Households
2.3
Avg Household Size
41
Median Age
20%
College-Educated
79%
High-School Grad
52.6 sq mi
ZIP Area
127
Density / Sq Mi
$59,138
Median Household Income
$32,456
Median Earnings
$1,043
Median Rent
$238,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex is currently rented, and an additional home on the same property is available for occupancy.
Where is this quadplex located?
The property is located at 304-306 W Shriver Street Summerdale, AL.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 4‑plex currently rented, plus a home on the same property currently available; Year built: 1918; Multiple bedrooms and bathrooms listed: Bedroom 1–Bedroom 11 and Bathroom 1–Bathroom 6
