257 Treadstone Way Fairhope, AL 36532
This exceptional investment opportunity presents a charming duplex located at 257 Treadstone Way, Fairhope, Alabama, 36532. Situated on a 0.46-acre lot, this single-story building boasts a total of 2,144 square feet of net rentable space, divided into two 2-bedroom, 1-bathroom units. Currently, each unit commands a monthly rent of $800 under short-term, month-to-month leases, generating substantial rental income. The property is conveniently positioned at the entrance to the Cottages at Parkstone and directly across from a Publix supermarket on Parker Road, ensuring high visibility and tenant appeal. The property is zoned B-2, falling under the Eastpark PUD and Fairhope zoning designations, offering flexibility for future development or continued operation as a rental property. The asking price is $349,000, translating to a price per square foot of $162.78. This represents a compelling investment opportunity in a desirable Fairhope location with strong rental potential. The property's prime location and existing rental income stream make it an attractive addition to any investment portfolio. Baldwin County location provides access to local amenities and attractions.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.