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Duplex with Two 2BR Units
For Sale
$725,000
Pending

515 W 1st Avenue, Gulf Shores, AL 36542

Duplex offering two identical 2-bedroom, 1.5-bath units with appliances, in-unit laundry, and off-street parking.

Property Size1,920 SF
Days on Market214

Property Features for 515 W 1st Avenue

General Information

Standard status Pending
Size 1,920 SF
Property subtype Multi Family

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $4,330

Building Details

Year Built 1994
Listing Agency: Elite Real Estate Solutions, LLC
Listed By: Kimberly Samry · License #124868
Source: Exitrealty
Added: Feb 6 Changed: Aug 8 Last Checked: Jul 23 at 8:43AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elite Real Estate Solutions, LLC

Investment Insights

Based on property information with market context.

This duplex is configured as two identical, mirror-image units, with each unit featuring 2 bedrooms and 1.5 bathrooms. Both units include appliances, in-unit laundry, and comfortable living spaces. The property also offers balcony space, with access on each level, along with off-street parking for residents and guests.

Located at 515 W 1st Avenue in Gulf Shores, the duplex is described as being one street away from the Gulf Shores beaches, placing it close to coastal recreation.

The layout supports separate, self-contained living within the two-unit duplex structure, with amenities included in both units for day-to-day convenience. Buyer’s and buyer’s agent should verify all information deemed important, as noted in the remarks.

Key Highlights

  • Duplex built in 1994 offering two identical units, each with 2 bedrooms and 1.5 bathrooms
  • Each unit has a fully equipped kitchen and appliances included
  • In‑unit laundry facilities in both units

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Law Firm Auto Repair Shop Furniture & Home Goods Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

433
Businesses Nearby

Demographics for 36542, AL

16,993
Population
18,551
Households
0.9
Avg Household Size
51
Median Age
38%
College-Educated
95%
High-School Grad
52.0 sq mi
ZIP Area
327
Density / Sq Mi
$74,861
Median Household Income
$35,580
Median Earnings
$1,365
Median Rent
$366,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex offering two identical 2-bedroom, 1.5-bath units with appliances, in-unit laundry, and off-street parking.
Where is this duplex located?
The property is located at 515 W 1st Avenue Gulf Shores, AL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Duplex built in 1994 offering two identical units, each with 2 bedrooms and 1.5 bathrooms; Each unit has a fully equipped kitchen and appliances included; In‑unit laundry facilities in both units
More about this property
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