20-Unit Townhome Apartment
For Sale
$3,000,000
Shelene Way, Foley, AL 36535
Commercial Sale, Foley, AL
Property SizeContact for details
Lot Size3.00 Acres
Days on Market216
Property Features for Shelene Way
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
PlannedUnitDevelopment,Ot
Lot features
Level, Elevation High
Directions
Hwy 59 to Co. Rd, 20 West property is on the corner of S. Pine & Co. Rd, 20 West.
Subdivision
Baldwin
Standard status
Active
APN
304688
Lot size
3.00 Acres
Taxes and HOA fees
Tax Description
See other Documents.
Tax Annual Amount
25457
Legal Description
See other Documents.
Utilities
Utilities
Cable Available
Heating system
Heat Pump (Heating), Electric (Heating)
Amenities
gated development
Building Details
Year built
2008
Floors in Building
2
Number of units
20
Flooring type
Tile, Carpet
Roof type
Composition
Listing Agency:
Realty Executives Gulf Coast · Realty Executives International
(251) 968-4300
Listed By:
Erick Haffner · License #71913
(251) 942-5744
Added: Jan 28
Changed: Aug 19
Last Checked: Sep 1 at 11:06PM
MLS# 390934
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.
This apartment property comprises 20 townhome units distributed among four buildings within a gated development. The 3-acre site includes common area land, with tile and carpet flooring, composition roofing, heat pump and electric heating, and cable availability. Constructed in 2008, the property offers a defined multifamily configuration with 12-month leases reported for the units.
The property is in Foley, Alabama, approximately 9 miles from Gulf Shores public beach and within a 5–10 minute drive of Foley amenities. Reported operating information includes occupied units and an 8.3% cap rate based on current rental rates and owner-provided information. The zoning is identified as PlannedUnitDevelopment,Ot.
The property is in Foley, Alabama, approximately 9 miles from Gulf Shores public beach and within a 5–10 minute drive of Foley amenities. Reported operating information includes occupied units and an 8.3% cap rate based on current rental rates and owner-provided information. The zoning is identified as PlannedUnitDevelopment,Ot.
Key Highlights
- 20 townhome units arranged in four buildings
- 3‑acre site with common area land
- Gated development in Foley, AL
Property Analytics
Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Explore this area
Business Placement
Demographics for 36535, AL
35,484
Population
18,755
Households
1.9
Avg Household Size
46
Median Age
26%
College-Educated
90%
High-School Grad
92.5 sq mi
ZIP Area
384
Density / Sq Mi
$67,013
Median Household Income
$41,574
Median Earnings
$1,168
Median Rent
$250,800
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?
Apartment building - Gated residential income property with four buildings, common area land, and a mix of tile and carpet flooring.
Where is this apartment building located?
The property is located at Shelene Way Foley, AL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 20 townhome units arranged in four buildings; 3‑acre site with common area land; Gated development in Foley, AL
