Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Theodore Duplex: Investment Opportunity Title is generated by Realmo AI

    6719 Belwood Drive W, Theodore, AL 36582

    View on Map
    Claim this Listing
    New
    For Sale
    $170,000

    MULTI_FAMILY - Theodore, AL

    Lot size:
    0.34 Acres
    Added:
    May 29, 2026
    Days on Market:
    2
    Last Refresh:
    May 30 at 3:06 pm

    Property Features for 6719 Belwood Drive W

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    3902010006027
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Annual Amount
    656

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1959
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate
    Building materials
    Aluminum Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Bridget Napper

    Listing agent Bridget Napper

    Listing office Gulfbelt Properties Inc Mobile, AL

    Listing date May 29, 2026

    MLS# 7778122 Listing URL

    Copyright © 2026 Mobile Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Duplex with two separate living spaces offering strong rental income potential.
    • Renovated 2‑bedroom unit and spacious 3‑bedroom unit, each with private entrances.
    • Updated interior finishes including new flooring, neutral paint, and refreshed kitchens.
    • Open‑concept living area with breakfast bar in at least one unit.
    • Fenced backyard dividing the two units.
    • Currently leased 3‑bedroom unit generating $900/month income.

    Overview

    This property in Theodore, AL, presents an investment opportunity with two separate living spaces. The duplex includes a renovated 2-bedroom unit and a 3-bedroom unit, each featuring private entrances and functional layouts. Interior finishes have been updated, with improvements including updated flooring, neutral paint tones, and refreshed kitchen spaces. An open-concept living area with breakfast bar seating is present. The property also features mature trees and a fenced backyard that divides the two units. Utilities are shared, with water and power included in the current rental arrangements. The 3-bedroom unit is currently leased for $900 per month. The renovated 2-bedroom unit has previously rented for $900 per month and is now being marketed at $1200 a month with utilities included. The property sits on a lot of 0.338 acres. This property offers potential for investors seeking income-producing property or buyers looking to occupy one unit while generating income from the other.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Department Store Kitchen & Bath Showroom HVAC Service Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Theodore
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1815
    Latitude
    30.5479

    Nearby Similar for Sale

    • $1,600,000
      13,275 SF

      Office-Warehouse Facility in Theodore, AL

      Well-maintained office-warehouse with office and warehouse space for sale.
      3515 Hurricane Bay Drive, Theodore, AL 36582
      View Details
    • $1,600,000
      13,275 SF

      Office-Warehouse Facility in Theodore, AL

      Office-warehouse facility featuring office and warehouse space.
      3515 Hurricane Bay Drive, Theodore, AL 36582
      View Details
    • $435,000

      Former Auto Shop on Large Lot

      Automotive shop with living area on almost 3 acres.
      4520 Hamilton Boulevard, Theodore, AL 36582
      View Details
    • $485,000
      6,554 SF

      Office/Warehouse Building Near I-10

      Office and warehouse space for lease near Tillman's Corner.
      5771 I 10 Industrial Pkwy N, Theodore, AL
      View Details
    • $299,900
      2,800 SF

      Established Bar on Highway 90

      Bar with land, building, and liquor license for sale.
      6391 Highway 90, Theodore, AL 36582
      View Details
    • $975,000
      8,000 SF

      Freestanding Building in Fowl River

      8,000 SF building suitable for retail, office, or storage.
      10800 Dauphin Island Pkwy, Theodore, AL
      View Details
    • $975,000
      8,000 SF

      8,000 SF Freestanding Building

      Freestanding building suitable for retail, office, storage, or flex uses.
      10800 Dauphin Island Parkway, Theodore, AL 36582
      View Details
    • $239,259

      Theodore Mixed-Use Property For Sale

      Mixed-use property available in Theodore, Alabama.
      8053 Old Cherry Dr N, Theodore, AL 36582
      View Details
    • Contact for pricing

      Former Gas Station Awaiting Owner

      Former gas station and convenience store, tanks removed, structures present.
      10912 Bellingrath Rd, Theodore, AL 36582
      View Details
    • $295,000

      Income Producing Commercial and Residential

      Commercial building and three mobile homes, all currently rented.
      6170 Highway 90, Theodore, AL 36582
      View Details
    • $289,000

      Former Mobile Home Park Land

      3.16 acre property suitable for mobile or RV park.
      6941 Old Pascagoula Rd, Theodore, AL
      View Details
    • $8,511,000
      89,770 SF

      Industrial Property in Theodore's Market

      89,770 SF industrial property with long-term NNN lease.
      5890 I 10 Industrial Pkwy S, Theodore, AL 36582
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex with renovated units and income potential in Theodore, AL.
    Where is this duplex located?
    The property is located at 6719 Belwood Drive W Theodore, AL.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: Duplex with two separate living spaces offering strong rental income potential.; Renovated 2‑bedroom unit and spacious 3‑bedroom unit, each with private entrances.; Updated interior finishes including new flooring, neutral paint, and refreshed kitchens.
    (251) 656-2844
    We can help!
    Listing Contact
    Bridget Napper
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6719 Belwood Drive W, Theodore, AL 36582
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!