Single-Story Duplex
33208 Stables Drive Spanish Fort, AL 36527
33208 Stables Drive, Spanish Fort, AL, 36527
$245,000
For Sale
$245,000
SINGLE_FAMILY - Spanish Fort, AL
Property Size1,520 SF
Price / SF$161.18
Days on Market373
Property Features for 33208 Stables Drive
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1
- Parking features
- Garage
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Range-Gas, Refrigerator w/Ice Maker, Smoke Detector, Washer
- Standard status
- Active
- APN
- 33-03-07-0-000-005.007.901
- Size
- 1,520 SF
Building Details
- Year built
- 2019
- Floors in Building
- 1
- Flooring type
- Other floors-see remarks
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
Wise Living Real Estate, LLC
(251) 928-9473
3782 Hwy 90, Fairhope, AL
Listed by
Michelle O'Dare
(904) 254-6002
Added: Jul 11, 2025 Checked: Jul 18 at 4:06 pm
MLS# 382044
Listing URL
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 one-story duplex condo offers a 3-bedroom, 2-bath layout with stained concrete floors, granite countertops, and stainless steel appliances. The primary bath includes double vanities, a tub/shower combination, and a walk-in closet. Ceiling fans and blinds are installed in all bedrooms, and the home includes an attached single-car garage for parking and storage. Outdoor space includes covered front and back porches and a large open yard area.
The property is located in the Spanish Fort area with access to I-10 and nearby shopping, with convenience to Mobile and Baldwin County. The listing notes lawn care, termite bond, and building insurance are included in the monthly dues, and that the insurance covers the building and roof.
Buyer is responsible for verifying all information during due diligence.
The property is located in the Spanish Fort area with access to I-10 and nearby shopping, with convenience to Mobile and Baldwin County. The listing notes lawn care, termite bond, and building insurance are included in the monthly dues, and that the insurance covers the building and roof.
Buyer is responsible for verifying all information during due diligence.
Key Highlights
- 2019‑built 3‑bedroom, 2‑bath one‑story duplex condo with an attached single‑car garage
- Stained concrete floors, granite countertops, and stainless steel appliances (range, refrigerator w/ ice maker, microwave, dishwasher, disposal)
- Primary bathroom features double vanities, tub/shower combo, and a walk‑in closet
Local 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 | $21.0k | $13.80 |
| − Vacancy | −$1.1k | −$0.72 |
| EGI | $19.9k | $13.08 |
| − OpEx | −$6.0k | −$3.92 |
| NOI | $13.9k | $9.16 |
1,520 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$198.9K
$174.0K – $232.0K
NOI $13,920 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$177.0K
$154.9K – $206.5K
NOI $12,390 @ 7.0% cap · market cap 5.06%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - One-story duplex features stained concrete floors, granite countertops, and stainless steel appliances with an attached single-car garage.
Where is this duplex located?
The property is located at 33208 Stables Drive Spanish Fort, 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: 2019‑built 3‑bedroom, 2‑bath one‑story duplex condo with an attached single‑car garage; Stained concrete floors, granite countertops, and stainless steel appliances (range, refrigerator w/ ice maker, microwave, dishwasher, disposal); Primary bathroom features double vanities, tub/shower combo, and a walk‑in closet
