Updated Waterfront
For Sale
$75,000
706 Westmead Street A & B, Dothan, AL 36301
Residential, Duplex, Dothan, AL
Property Size1,102 SF
Lot Size0.14 Acres
Price / SF$68.06
Days on Market13
Property Features for 706 Westmead Street A & B
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Basement
Crawl Space
Subdivision
Westover
Elementary school
Heard Elementary
Middle school
Dothan Prep/Carver 9th
High school
Dothan High School (Grades 10 - 12)
Standard status
Active
APN
0906231012004.002
Size
1,102 SF
Lot size
0.14 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Water front features
Waterfront
Building Details
Year built
1930
Floors in Building
1
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Showcase Properties
(334) 792-7474
Listed By:
Jackie Johnson
(334) 200-3409
Added: Aug 18
Changed: Aug 20
Last Checked: Aug 30 at 1:06AM
MLS# 214351
Copyright © 2026 Southeast Alabama 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.
Investment Insights
Based on property information with market context.
This duplex contains two residential units identified as A and B, with 1,102 square feet of property size on a 0.14-acre lot. Both units have been updated, providing a refreshed configuration for residential occupancy. The property includes two bedrooms and two bathrooms based on the listed room details.
Built in 1930, the property is served by public water and public sewer and includes a waterfront feature. Its Dothan location places the duplex within the city and in Houston County, Alabama.
Built in 1930, the property is served by public water and public sewer and includes a waterfront feature. Its Dothan location places the duplex within the city and in Houston County, Alabama.
Key Highlights
- Two‑unit duplex identified as Units A & B
- 1,102 square feet of property size
- 0.14‑acre lot
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
$6,491
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
8.65%
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%
$129,820
$129.8K
Cap Rate 7%
$92,729
$92.7K
Cap Rate 9%
$72,122
$72.1K
Market Conditions
NOI Build-Up for 1,102 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
$9.9K $9.00/SF
− Vacancy
−$645 −$0.59/SF
EGI
$9.3K $8.42/SF
− OpEx
−$2.8K −$2.52/SF
NOI
$6.5K $5.89/SF
Area
Houston County, AL
Vacancy
6.50%
Lease Rate
$9.00 /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%
$129,820
Cap Rate 7%
$92,729
Cap Rate 9%
$72,122
Alternative Uses
Best Use
Multifamily LT 5
$92.7K
$81.1K – $108.2K
NOI $6,491 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$86.1K
$75.4K – $100.5K
NOI $6,029 @ 7.0% cap · market cap 8.04%
Theoretical Best
Healthcare Medical
$194.8K
$170.4K – $227.2K
NOI $13,634 @ 7.0% cap · market cap 18.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,022
Businesses Nearby
Explore this area
Business Placement
Demographics for 36301, AL
38,447
Population
17,872
Households
2.2
Avg Household Size
40
Median Age
18%
College-Educated
85%
High-School Grad
89.2 sq mi
ZIP Area
431
Density / Sq Mi
$49,124
Median Household Income
$35,333
Median Earnings
$886
Median Rent
$156,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with refreshed interiors and public water and sewer service.
Where is this duplex located?
The property is located at 706 Westmead Street A & B Dothan, AL.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Two‑unit duplex identified as Units A & B; 1,102 square feet of property size; 0.14‑acre lot
