- 6 beds
- 3 baths
- 2,574 sqft
- ~3/4 acre lot
- $166 per sqft
- 2004 build
- – on site
Prime investment opportunity, triplex in Gulf Shores! This income-producing triplex in Gulf Shores presents an excellent investment opportunity, boasting a spacious lot with three distinct houses. Located conveniently behind dollar general and chevron on Fort Morgan Road, this property offers a solid rental income stream with significant potential for increased revenue. House "A," (built in 2004, renovated 2024): This recently gutted and fully updated home provides approximately 864 square feet of living space, 2 bedrooms and 1 bathroom, and spacious screen porch. HVAC age: 2019. Rents for $1350 per month. This unit uses a septic tank. House "B" (relocated to the property in 1985) offers around 868 square feet of living space with 1 bedroom and a loft being used as a second bedroom, along with 1 bathroom, this home rents for $1,000 per month and is on city sewer. HVAC replaced three years ago. House "C" (built 1985) the original house on the property, this unit features 768 square feet. with 2 bedrooms and 1 bathroom. It currently rents for $1,075 per month and is on city sewer. All 3 houses have access to city water, central heating and air, & separate utility meters. Tenants do wish to stay but are on a month to month lease, offering flexibility to the new owner regarding lease terms and occupancy. With current leases, this triplex grosses $41,100 annually, demonstrating immediate income potential! Buyer to verify all information during due diligence.
Last checked:
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Last updated Jun 23, 2025
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MLS# 380938 —
The Building
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Year Built:2004
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New Construction:false
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Construction Materials:Vinyl Siding, Wood Siding, Wood Frame
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Architectural Style:Other-See Remarks
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Roof:Composition
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Foundation Details:Slab
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Stories:1
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Levels:One and One Half
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Patio And Porch Features:Porch-Open
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Security Features:Smoke Detector(s)
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Common Walls:Other-See Remarks
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Building Area Total:2574
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Building Area Units:Square Feet
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Building Area Source:Builder
Interior
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Interior Features:Other Rooms (See Remarks), Ceiling Fan(s)
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Flooring:Wood
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Fireplace:false
Room Dimensions
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Living Area:2574
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Living Area Units:Square Feet
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Living Area Source:Builder
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Kitchen Area:100
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Kitchen Length:10
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Kitchen Width:10
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Master Bedroom Area:120
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Master Bedroom Length:12
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Master Bedroom Width:10
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Bedroom 2 Area:100
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Bedroom 2 Length:10
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Bedroom 3 Length:10
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Bedroom 2 Width:10
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Bedroom 4 Length:10
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Bedroom 3 Area:100
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Bedroom 3 Width:10
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Bedroom 4 Area:100
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Bedroom 4 Width:10
Financial & Terms
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Ownership:Whole/Full
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Possession:Close Of Escrow
Location
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Directions:Drive West down Fort Morgan, turn right on Meeker Ln. then left on Renee Marie Ave.
The Property
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Property Type:Residential
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Property Subtype:Other-See Remarks
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Property Attached:false
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Property Condition:Resale
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Zoning Description:Single Family Residence
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Parcel Number:6705154001023.000
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Lot Size Area:32452.2
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Lot Features:Less than 1 acre
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Lot Size Acres:0.745
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Lot Size SqFt:32452.2
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Lot Size Dimensions:150 x 217
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Lot Size Units:Square Feet
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Fencing:Partial
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View:false
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View:None/Not Applicable
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Water Source:Public
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Waterfront:false
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Waterfront Features:No Waterfront
Listing Agent
- Contact info:
- Agent phone:
- (251) 767-1182
- Office phone:
- (251) 974-5625
Taxes
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Tax Annual Amount:2601.72
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Tax Legal Description:155' X 220' COM AT THE SE COR SEC 15 TH W ALG SEC LINE 923' TO POB, TH CONT W 155', TH RUN N 220', TH E 152', TH S 200' TO POB SEC 15-T9S-R3E (WD/SURVIVORSHIP)
Beds
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Bedrooms Total:6
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Master Bedroom Features:1st Floor Primary
Baths
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Total Baths:3
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Total Baths:3
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Full Baths:3
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Master Bath Features:Tub/Shower Combo
The Listing
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Home Warranty:false
Heating & Cooling
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Heating:Electric
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Heating:true
Utilities
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Utilities:Gulf Shores Utilities, Cable Connected
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Electric:Baldwin EMC
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Sewer:Grinder Pump, Public Sewer, Septic Tank
Appliances
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Appliances:Electric Range, Refrigerator
Schools
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Elementary School:Gulf Shores Elementary
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Middle Or Junior School:Gulf Shores Middle
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High School:Gulf Shores High
The Community
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Subdivision Name:Not Applicable
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Association:false
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Subdivision:AL
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Pets Allowed:Allowed
Parking
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Garage:false
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Carport:false
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Parking Total:2
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Parking Features:Three or More Vehicles
Monthly cost estimate

Asking price
$429,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,297
|
Taxes | $216 |
Insurance | $117 |
Utilities | $186 See report |
Total | $2,816/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/18/25
Jun 18, 2025
|
Listed / Active | BCAR | $429,000 |