Single-Story Residential Income
For Sale
$245,000
33208 Stables Dr, Daphne, AL 36527
Residential, Daphne, AL
Property Size1,520 SF
Lot Size0.20 Acres
Price / SF$161.18
Days on Market67
Property Features for 33208 Stables Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2
Parking features
Open, Garage
Interior features
Ceiling Fan(s)
Appliances
Gas Range, Microwave, Dishwasher
Subdivision
Churchill Downs
Lot features
Less Than 1 Acre
Elementary school
Stapleton Elementary
Middle school
Bay Minette Middle
High school
Baldwin County High
Directions
From the intersection of 181 and 31 in Spanish Fort, go East on 31. Turn Right into Churchill Downs. Turn Right onto Stables Dr. Home is on the right.
Standard status
Active
APN
33-03-07-0-000-005.007.901
Size
1,520 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
Unit 4-A Churchill Downs Duplex Condominium Sec 7-T4s-R3e (S Tat Wd)
Tax Annual Amount
752
HOA Fee
$228 Monthly
Legal Description
Unit 4-A Churchill Downs Duplex Condominium Sec 7-T4s-R3e (S Tat Wd)
Utilities
Utilities
Natural Gas Available
Heating system
Central
Cooling system
Electric
Amenities
covered front porch
granite countertops
stainless steel appliances
Building Details
Year built
2019
Floors in Building
1
Roof type
Composition
Architectural style
Other
Listing Agency:
Sweet Willow Realty
Listed By:
Matthew Stiffler · License #166539 - 1
(678) 315-4338
Added: Aug 14
Changed: Oct 16
Last Checked: Oct 19 at 10:06AM
MLS# 409147
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.
Built in 2019, this single-story residential income property has three bedrooms and two bathrooms. The open arrangement connects the kitchen, dining, and living areas, with granite countertops and stainless steel appliances. Brick and vinyl exterior finishes, a covered front porch, and an attached single-car garage complete the home.
The property is near I-10. Additional features include central heating, electric cooling, ceiling fans, a gas range, microwave, and dishwasher.
The property is near I-10. Additional features include central heating, electric cooling, ceiling fans, a gas range, microwave, and dishwasher.
Key Highlights
- Three bedrooms and two bathrooms in a single‑story layout
- Built in 2019
- Open kitchen, dining, and living area with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,390
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,800
$247.8K
Cap Rate 7%
$177,000
$177.0K
Cap Rate 9%
$137,667
$137.7K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$23.7K $15.60/SF
− Vacancy
−$1.2K −$0.78/SF
EGI
$22.5K $14.82/SF
− OpEx
−$10.1K −$6.67/SF
NOI
$12.4K $8.15/SF
Area
Baldwin County, AL
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,800
Cap Rate 7%
$177,000
Cap Rate 9%
$137,667
Alternative Uses
Best Use
Apartment 5plus
$177.0K
$154.9K – $206.5K
NOI $12,390 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.5K
$319.8K – $426.5K
NOI $25,587 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 36527, AL
18,034
Population
7,621
Households
2.4
Avg Household Size
39
Median Age
43%
College-Educated
97%
High-School Grad
42.3 sq mi
ZIP Area
426
Density / Sq Mi
$112,672
Median Household Income
$51,337
Median Earnings
$1,373
Median Rent
$348,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - The 3-bedroom, 2-bath layout includes an attached garage, covered porch, and an open kitchen, dining, and living area.
Where is this residential income property located?
The property is located at 33208 Stables Dr Daphne, AL.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Three bedrooms and two bathrooms in a single‑story layout; Built in 2019; Open kitchen, dining, and living area with granite countertops and stainless steel appliances
