Gold Fortified Duplex with Flex
For Sale
$245,000
6634 Spaniel Drive, Spanish Fort, AL 36527
Residential, Spanish Fort, AL
Property Size1,440 SF
Lot Size0.04 Acres
Price / SF$170.14
Days on Market64
Property Features for 6634 Spaniel Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SingleFamily
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bathroom 3, Dining Room, Utility Room, Bedroom 1, Bedroom 2, Laundry Room, Bathroom 2
Parking features
Garage, Open
Security features
Security Lighting
Window features
Window Treatments
Patio and Porch features
Patio, Porch
Pets allowed
Yes
Interior features
Ceiling Fan(s), High Ceilings, Termite Contract, Split Bedroom Plan
Fireplace
1
Appliances
Dryer, Washer, Disposal, Microwave, Dishwasher, Electric Range, Plumbed For Ice Maker, Smoke Detector
Subdivision
Quail Hollow
Lot features
Subdivision, Elevation High, Less Than 1 Acre
Elementary school
Spanish Fort Elementary
Middle school
Spanish Fort Middle
High school
Spanish Fort High
Directions
From hwy 31 go north on state route 225, left in to quail hollow community, left on thicket way, right on spaniel, go about 4 townhouses and this one will be on the right, look for the sign.
Standard status
Active
APN
32-04-19-4-001-001.249
Size
1,440 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Description
IRR LOT 78 REPLAT OF QUAIL HOLLOW UNIT 2 SUB SLIDE 2639-D SLIDE 2562-C SLIDE 2523-D
Tax Annual Amount
885
HOA Fee
$372 Monthly
Legal Description
IRR LOT 78 REPLAT OF QUAIL HOLLOW UNIT 2 SUB SLIDE 2639-D SLIDE 2562-C SLIDE 2523-D
Utilities
Heating system
Electric (Heating)
Amenities
pool
community bathrooms/pavilion
Building Details
Year built
2022
Floors in Building
2
Flooring type
Carpet, Vinyl
Architectural style
Other
Listing Agency:
Keller Williams AGC Realty-Daphne · Keller Williams Realty
(251) 928-9890
Listed By:
Keara Hunter · License #121337
(703) 919-2632
Added: Jul 1
Changed: Aug 19
Last Checked: Sep 2 at 12:06AM
MLS# 398863
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.
Built in 2022, this 1,440-square-foot duplex offers 3 bedrooms, 2.5 bathrooms, an open-concept living arrangement, and a one-car garage. The kitchen includes granite countertops, stainless steel appliances, a refrigerator, and white cabinetry with updated hardware. Additional interior features include 2-inch taupe blinds, a smart thermostat, Alexa-compatible controls, smart switches, ceiling fans, high ceilings, and a split-bedroom plan.
The garage has been configured as flexible recreation or storage space with a TV, durable cabinetry, and shelving. A patio and porch extend the usable area, while the property also includes a fireplace, washer, dryer, and other listed appliances. The Gold Fortified designation includes structural warranty coverage through 2032. HOA services include a pool, community bathrooms and pavilion, landscaping, a termite contract, exterior building insurance excluding windows and doors, and property management.
The property is less than 15 minutes from Mobile and 4 minutes from I-10, with boat launches, Blakely State Park, restaurants, shopping, and grocery stores nearby. SingleFamily zoning is listed for the property.
The garage has been configured as flexible recreation or storage space with a TV, durable cabinetry, and shelving. A patio and porch extend the usable area, while the property also includes a fireplace, washer, dryer, and other listed appliances. The Gold Fortified designation includes structural warranty coverage through 2032. HOA services include a pool, community bathrooms and pavilion, landscaping, a termite contract, exterior building insurance excluding windows and doors, and property management.
The property is less than 15 minutes from Mobile and 4 minutes from I-10, with boat launches, Blakely State Park, restaurants, shopping, and grocery stores nearby. SingleFamily zoning is listed for the property.
Key Highlights
- Gold Fortified duplex built in 2022 with structural warranty coverage through 2032
- 1,440 square feet with 3 bedrooms and 2.5 bathrooms
- One‑car garage converted into flex space with TV, cabinetry, and shelving
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,187
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$263,740
$263.7K
Cap Rate 7%
$188,386
$188.4K
Cap Rate 9%
$146,522
$146.5K
Market Conditions
NOI Build-Up for 1,440 SF
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.
Gross rent
$19.9K $13.80/SF
− Vacancy
−$1.0K −$0.72/SF
EGI
$18.8K $13.08/SF
− OpEx
−$5.7K −$3.92/SF
NOI
$13.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$263,740
Cap Rate 7%
$188,386
Cap Rate 9%
$146,522
Alternative Uses
Best Use
Multifamily LT 5
$188.4K
$164.8K – $219.8K
NOI $13,187 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$167.7K
$146.7K – $195.6K
NOI $11,737 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$346.3K
$303.0K – $404.0K
NOI $24,240 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
118
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with an open layout, smart-home features, and community amenities near Mobile and I-10.
Where is this duplex located?
The property is located at 6634 Spaniel 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: Gold Fortified duplex built in 2022 with structural warranty coverage through 2032; 1,440 square feet with 3 bedrooms and 2.5 bathrooms; One‑car garage converted into flex space with TV, cabinetry, and shelving
