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.
Active
Price cut: $10K (7/17)
$419,000
15777 Renee Marie Ave E, Gulf Shores, AL 36542
6beds
2,574sqft
Est.:
Single Family Residence, Residential
Built in 2004
0.75 Acres Lot
$405,900 Zestimate®
$163/sqft
$-- HOA
What's special
Fully updated homeSpacious lotSpacious screen porch
- 48 days
- on Zillow |
- 399 |
- 23 |
Zillow last checked: 7 hours ago
Listing updated: July 17, 2025 at 07:40am
Listed by:
Lauren Whigham 251-767-1182,
Roberts Brothers Inc. Gulf Coa
Source: GCMLS,MLS#: 7600413

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Electric Range, Refrigerator
- Laundry: Other
Features
- Other
- Flooring: Carpet, Laminate, Other
- Basement: None
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,574
- Total interior livable area: 2,574 sqft
Property
Parking
- Total spaces: 2
- Parking features: Unassigned
Features
- Levels: One and One Half
- Patio & porch: Front Porch
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Other
- Waterfront features: None
Lot
- Size: 0.75 Acres
- Dimensions: 150 x 217
- Features: Other
Details
- Additional structures: Shed(s)
- Parcel number: 6705154001023000
- Special conditions: Investor Owned
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Vinyl Siding, Wood Siding
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- Year built: 2004
Utilities & green energy
- Electric: Other
- Sewer: Public Sewer, Septic Tank
- Water: Public
- Utilities for property: Other, Sewer Available, Water Available, Electricity Available
Green energy
- Energy efficient items: None
Community & HOA
Community
- Features: None
- Subdivision: None
Location
- Region: Gulf Shores
Financial & listing details
- Price per square foot: $163/sqft
- Tax assessed value: $329,700
- Annual tax amount: $2,601
- Date on market: 6/18/2025
- Electric utility on property: Yes
- Road surface type: Dirt, Gravel
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