15777 Renee Marie Ave E, Gulf Shores, AL, 36542
About This Home
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 $1,200 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 $1,050 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.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 2004
Materials
- Foundation: Pillar/Post/Pier
- Roof: Composition
- Construction materials: Vinyl Siding,Wood Siding
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence,Residential
Interior
Appliances
- Appliances included: Dishwasher,Electric Range,Refrigerator
- Laundry features: Other
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Features
- Other
- Flooring: Carpet,Laminate,Other
- Fireplace features: None
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air,Ceiling Fan(s)
Interior Area
- Total structure area: 2,574
- Total interior livable area: 2,574 sqft
Property
Details
- Parcel number: 6705154001023000
- Special condition: Investor Owned
Features
- Levels: One and One Half
- Pool features: None
- Patio & porch: Front Porch
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Other
- Waterfront features: None
Lot
- Lot size: 0.74 Acres
- Features: Other
- Lot size dimensions: 150 x 217
Parking
- Total spaces: 2
- Parking features: Unassigned
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Inland Flooding
- Lightning
- Coastal Flooding
- Tornado
- Cold Wave
- Heat Wave
- Strong Wind
- Wildfire
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Alabama Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,643 | $19,716 |
| Home Insurance * | $230 | $2,760 |
| Property Taxes | $78 | $936 |
| Electricity | $288 | $3,456 |
| Total | $2,239 | $26,868 |
Income You'd Need if You Spent...
Alabama FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-21 | Price change | $375,000 |
| 2026-03-23 | Listed for sale | $399,000 |
| 2026-03-05 | Pending sale | $399,000 |
| 2026-01-16 | Listed for sale | $399,000 |
| 2025-10-16 | Listing removed | $419,000 |
| 2025-07-17 | Price change | $419,000 |
| 2025-06-18 | Listed for sale | $429,000 |
| 2019-12-24 | Sold | $230,000 |
| 2016-10-06 | Sold | $172,375 |
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