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    Gulf Shores, AL Multifamily Properties for Sale

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    Updated Duplex with Canal Access
    Updated: Apr 14
    Updated Duplex with Canal Access

    417 Windmill Ridge Road, Gulf Shores, AL 36542

    $550,000
    2,480 sqft 0.31 AC lot
    Side A of a duplex with 3 bedrooms and 3.5 baths, including two private ensuites
    Lagoon/canal frontage with views of Little Lagoon for kayaking, boating, and fishing
    Renovated in 2021 with new A/C units, updated insulation, and fresh exterior siding and paint
    Primary suite features double vanity, garden tub, tiled shower, and large walk‑in closet
    Upstairs ensuite includes a private bath and balcony, plus an additional bedroom and flex space
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    This listing looks promising.

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    417 Windmill Ridge Road, Gulf Shores, AL 36542

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    • Est. Cap Rate

      4.1%
      NOI ÷ price

    • Est. NOI

      $23K
      Annual

    • Price @ 7% Cap

      $324K
      Suggested

    • Property Type

      Condominium
      Built 2005
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    Duplex with Covered Parking
    Updated: Jul 17
    Duplex with Covered Parking

    432 Dune Drive, Gulf Shores, AL 36542

    $699,000
    2,618 sqft
    Duplex in The Dunes gated Gulf‑side community near Fort Morgan, offering 4 bedrooms and 4 bathrooms on each side
    Not located in the CBRA (Coastal Barrier Resources Act) zone, which may provide insurance savings (buyer to verify)
    Parking includes carport and garage, plus generous covered parking and space for boats and recreational vehicles
    Recent updates include fresh exterior paint and updated upstairs flooring on both sides
    Appliances include cooktop, dishwasher, disposal, microwave, electric range, and refrigerator with ice maker
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    Raised Duplex With Two 4BR Units
    Raised Duplex With Two 4BR Units

    224 W 6th Avenue, Gulf Shores, AL 36542

    $989,000
    3,600 sqft 0.24 AC lot

    Raised beach-style duplex with two separate units, each offering open-concept living and covered parking.

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    Duplex with Covered Parking
    Duplex with Covered Parking

    432 Dune Drive, Gulf Shores, AL 36542

    $675,000
    2,618 sqft

    Two 4-bedroom, 4-bath units with covered parking and recent exterior paint and upstairs flooring updates.

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    Gulf-Front Duplex Investment Opportunity
    Gulf-Front Duplex Investment Opportunity

    3014 Ponce De Leon Court A&B, Gulf Shores, AL 36542

    $2,599,000
    6,558 sqft

    Exceptional 12-bedroom Gulf-front duplex with strong rental performance.

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    Waterfront Duplex With Two 2BR Units
    Waterfront Duplex With Two 2BR Units

    120 W 3rd Avenue, Gulf Shores, AL 36542

    $679,900
    1,280 sqft

    Waterfront duplex offering two 2-bedroom, 1-bath units, with extensive 2021 renovations and side currently leased.

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    Gulf-Front Duplex With Covered Parking
    Gulf-Front Duplex With Covered Parking

    1201 W Beach Boulevard, Gulf Shores, AL 36542

    $2,425,000
    3,710 sqft

    Elevated gulf-front duplex with two 3-bedroom, 2-bath residences, plus covered parking and storage beneath the home.

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    Raised Duplex with Covered Parking
    Raised Duplex with Covered Parking

    224 W 6th Avenue, Gulf Shores, AL 36542

    $539,000
    1,800 sqft 0.24 AC lot

    Raised two-unit duplex with Hardie plank siding, metal roofing, and covered parking beneath each unit.

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    Beach Home Investment Opportunity
    Beach Home Investment Opportunity

    1454 Sandy Lane, Gulf Shores, AL 36542

    $689,000
    2,718 sqft

    Well-maintained 4-bedroom beach home with strong rental history.

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    Updated Duplex with Canal Views
    Updated Duplex with Canal Views

    417 Windmill Ridge Road, Gulf Shores, AL 36542

    $550,000
    2,480 sqft 0.31 AC lot

    Renovated duplex on a canal with private ensuites, balcony, and ground-level carport with storage room.

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    Beach-Style Duplex with Rental Potential
    Beach-Style Duplex with Rental Potential

    224 W 6th Avenue #B, Gulf Shores, AL 36542

    $539,000
    1,800 sqft

    Charming duplex near Gulf Shores, ideal for long-term rentals.

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    Furnished Duplex Near Gulf Shores
    Furnished Duplex Near Gulf Shores

    1469 W Lagoon Ave, Gulf Shores, AL 36542

    $629,000
    1,518 sqft

    Spacious, fully-furnished duplex near the beach in Gulf Shores, AL.

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    Furnished Gulf-Front Duplex Unit
    Furnished Gulf-Front Duplex Unit

    3596 Ponce De Leon Court, Gulf Shores, AL 36542

    $1,350,000
    3,320 sqft

    One side of a fully furnished duplex with direct beach access, private pool, and expansive Gulf-view balconies.

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    Gulf-Front Condo at The Beach Club
    Gulf-Front Condo at The Beach Club

    375 Beach Club Trail A-201, Gulf Shores, AL 36542

    $1,100,000
    2,231 sqft

    Stunning 4-bedroom condo with breathtaking gulf views and resort amenities.

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    Duplex in Gated Coastal Community
    Duplex in Gated Coastal Community

    933 Calalou Way, Gulf Shores, AL 36542

    $625,000
    2,029 sqft

    3BR duplex in a gated community with clubhouse, pools/spas, tennis, fitness center, and beach access.

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    Waterfront Duplex with Two 2BR Units
    Waterfront Duplex with Two 2BR Units

    120 W 3rd Avenue, Gulf Shores, AL 36542

    $679,900
    1,280 sqft

    Renovated waterfront duplex offers two 2-bedroom, 1-bath residences with direct water access and flexible ownership terms.

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    Gulf-Front Corner Unit Condo
    Gulf-Front Corner Unit Condo

    957 WEST BEACH Boulevard, Gulf Shores, AL 36542

    $649,000
    1,300 sqft

    Rare 3-bedroom condo with panoramic Gulf views and strong rental potential.

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    Turnkey Duplex with Gulf Views
    Turnkey Duplex with Gulf Views

    1438 Sandy Lane, Gulf Shores, AL 36542

    $659,900
    2,383 sqft

    Turnkey unit with fortified roof, hurricane-rated windows, updated kitchen appliances, and furnished interior plus washer/dryer combo.

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    Beach Side Duplex Investment
    Beach Side Duplex Investment

    6488 Sawgrass Drive, Gulf Shores, AL 36542

    $1,295,000
    3,300 sqft

    Renovated duplex near the beach with gulf views.

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    Duplex-Style Beachfront Retreat
    Duplex-Style Beachfront Retreat

    1231 W Beach Boulevard, Gulf Shores, AL 36542

    $1,525,000
    2,475 sqft 0.44 AC lot

    Turnkey short-term rental-ready property with direct Gulf frontage, a pool, and private parking, with no HOA.

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    Lagoon View Duplex Opportunity
    Lagoon View Duplex Opportunity

    216 Shoreland Circle B, Gulf Shores, AL 36542

    $735,000
    1,574 sqft

    Half duplex with lagoon views, renovated and furnished.

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    Duplex Waterfront-Style Retreat
    Duplex Waterfront-Style Retreat

    216 Shoreland Circle, Gulf Shores, AL 36542

    $735,000
    1,574 sqft

    Half of a duplex for sale with a deck, outdoor kitchen, and furnished, renovated interior.

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    Luxury Gulf Front Penthouse
    Luxury Gulf Front Penthouse

    375 Beach Club Trail #A1905, Gulf Shores, AL 36542

    $1,555,000
    2,636 sqft

    Renovated, fully furnished 5-bedroom penthouse with stunning Gulf views.

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    Gulf-Front Duplex Opportunity
    Gulf-Front Duplex Opportunity

    3014 Ponce De Leon Court, Gulf Shores, AL 36542

    $2,599,000
    6,558 sqft

    Exceptional 12-bedroom Gulf-front duplex with strong rental performance.

    View details

    Gulf Shores, AL Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Gulf Shores, AL, showcased through 50 active listings on our real estate platform. These investment opportunities span a total of 68,123 square feet of properties for sale, with an estimated market value of $20,027,300.

    Sale prices for multifamily properties in Gulf Shores, AL start at $319,400, averaging $1,178,076, and reaching up to $3,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 25
    Mobile home & RV parks 17
    Short term rental properties 15

    Demographics Overview

    Population 17K
    Population Growth (5Y) +24.4%
    Median Household Income $74,861
    College Educated 26.7%

    High-Yield Neighborhoods for Investment

    Identify Gulf Shores submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    36542 $668.5K

    Taxes & Financing

    Tax Rate (average for all types) 3.27%
    Property Tax per SF $54.70 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Baldwin County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Gulf Shores fall within the 10,000 to 25,000 square foot range.

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