Four-Unit Multifamily
For Sale
Contact for pricing
8570 Southwood Court, Fairhope, AL 36532
Fully occupied residential income asset near shopping, dining, medical services, and major roadway access.
Property Size4,012 SF
Lot Size0.83 Acres
Price / SF$174.23
Days on Market51
Property Features for 8570 Southwood Court
General Information
Standard status
Active
Size
4,012 SF
Lot size
0.83 Acres
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Listing Agency:
Stirling Daphne
Listed By:
Jeff Barnes · License #LA
(251) 975-8222
Source:
Crexi
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 5:37AM
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 Stirling Daphne
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Investment Insights
Based on property information with market context.
Located at 8570 Southwood Court in Fairhope, Alabama, this multifamily property contains four residential units totaling approximately 4,012 square feet. Each unit includes 2 bedrooms and 1 bath, and the property is fully occupied. The improvements sit on approximately ±0.83 acres, providing a four-unit residential configuration in a single asset.
The property is positioned near Highway 98 and Gayfer Road Extension, with shopping, dining, and medical services in the surrounding area. Its location in Baldwin County places the property within an established rental market. Tours are available by appointment, and tenant privacy is requested during the showing process.
The property is positioned near Highway 98 and Gayfer Road Extension, with shopping, dining, and medical services in the surrounding area. Its location in Baldwin County places the property within an established rental market. Tours are available by appointment, and tenant privacy is requested during the showing process.
Key Highlights
- Four‑unit multifamily property with full occupancy
- Four 2‑bedroom, 1‑bath units
- Approximately 4,012 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,741
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,820
$734.8K
Cap Rate 7%
$524,871
$524.9K
Cap Rate 9%
$408,233
$408.2K
Market Conditions
NOI Build-Up for 4,012 SF
Gross rent
$55.4K $13.80/SF
− Vacancy
−$2.9K −$0.72/SF
EGI
$52.5K $13.08/SF
− OpEx
−$15.7K −$3.92/SF
NOI
$36.7K $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 Rate 5%
$734,820
Cap Rate 7%
$524,871
Cap Rate 9%
$408,233
Alternative Uses
Best Use
Multifamily LT 5
$524.9K
$459.3K – $612.4K
NOI $36,741 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$467.2K
$408.8K – $545.0K
NOI $32,702 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$964.8K
$844.2K – $1.13M
NOI $67,536 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Explore this area
Business Placement
Demographics for 36532, AL
36,918
Population
17,502
Households
2.1
Avg Household Size
48
Median Age
50%
College-Educated
94%
High-School Grad
73.2 sq mi
ZIP Area
504
Density / Sq Mi
$86,026
Median Household Income
$46,129
Median Earnings
$1,374
Median Rent
$395,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied residential income asset near shopping, dining, medical services, and major roadway access.
Where is this quadplex located?
The property is located at 8570 Southwood Court Fairhope, AL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Four‑unit multifamily property with full occupancy; Four 2‑bedroom, 1‑bath units; Approximately 4,012 square feet
