8135 E State St, Citronelle, AL 36522
Investment opportunity: fully leased quadruplex on over 1.5 acres.
- Added:
- Mar 19, 2026
- Days on Market:
- 101
- Last Refresh:
- Mar 20 at 8:50 pm
Property Features for 8135 E State St
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 1.50 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1984
Listing office Keller Williams Mobile
Listing date Mar 19, 2026
Source Crexi
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HighLights
- Fully leased quadruplex providing immediate rental income.
- Large lot size of over 1.5 acres.
- Investment property opportunity.
- Built in 1984.
- Great investment property.
- Quadruplex.
Overview
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 | $37.8k | $12.60 |
| − Vacancy | −$2.5k | −$0.82 |
| EGI | $35.3k | $11.78 |
| − OpEx | −$10.6k | −$3.53 |
| NOI | $24.7k | $8.25 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Citronelle
- County
- Mobile
- State
- Alabama
- Longitude
- -88.235433
- Latitude
- 31.090827
