Calling all investors! Fourplex apartment building located in Elberta offering immediate rental income with value-add potential. Property consist of two upstairs units and two downstairs units, each featuring two bedrooms and one bathroom, approximately 825 square feet. Current rents total approximately $5,400 per month, with rent including power, water, sewer, trash, and pest control. Shared laundry facilities on-site. The exterior received updates following Hurricane Sally, including new siding, a metal roof, updated porches, staircases, and newer grinder pumps. Convenient and quiet location, and just minutes to town, shopping, dining, and approximately 10 miles from the Gulf Coast beaches. Property is being sold as-is. Seller is a licensed Alabama real estate agent. The listing agent is related to the seller. Buyer to verify all information during due diligence.
Closed
$465,000
9330 Pinewood Avenue 3 Unit 1-2-4, Elberta, AL 36530
8beds
3,300sqft
Multi Family
Built in 1968
-- sqft lot
$466,400 Zestimate®
$141/sqft
$1,394 Estimated rent
Home value
$466,400
$443,000 - $490,000
$1,394/mo
Zestimate® history
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$2,687/mo
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List your homeWhat's special
New sidingMetal roofUpdated porchesShared laundry facilities on-site
Zillow last checked:
Listing updated:
Listed by:
Rick Carruth ricky_carruth@yahoo.com,
eXp Realty, LLC Gulf Shores Br
Bought with:
Patrick Nelson
Brett R/E Robinson Dev OB
Source: Baldwin Realtors,MLS#: 391280
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
- Main level bedrooms: 5
Primary bedroom
- Level: Main
- Area: 100
- Dimensions: 10 x 10
Bedroom 2
- Level: Main
- Area: 100
- Dimensions: 10 x 10
Bedroom 3
- Level: Main
- Area: 100
- Dimensions: 10 x 10
Bedroom 4
- Level: Main
- Area: 110
- Dimensions: 10 x 11
Bedroom 5
- Level: Main
- Area: 100
- Dimensions: 10 x 10
Primary bathroom
- Features: Tub/Shower Combo
Dining room
- Features: Breakfast Area-Kitchen
Kitchen
- Level: Main
- Area: 120
- Dimensions: 10 x 12
Cooling
- Window Unit(s)
Appliances
- Included: Microwave, Electric Range, Refrigerator, Cooktop
- Laundry: Common Area
Features
- Flooring: Luxury Vinyl Plank
- Has basement: No
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 3,300
- Total interior livable area: 3,300 sqft
Property
Parking
- Parking features: Three or More Vehicles
Features
- Levels: One,Multi/Split
- Stories: 1
- Patio & porch: Front Porch, Rear Porch
- Has view: Yes
- View description: Northern View, Southern View, Eastern View, Western View
- Waterfront features: Bay Access (<=1/4 Mi)
Lot
- Size: 0.29 Acres
- Dimensions: 88.7' x 140'
Details
- Has additional parcels: Yes
- Parcel number: 35671
- Zoning description: Single Family Residence,2+ Family Residence
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding, Frame
- Foundation: Slab
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1968
Utilities & green energy
- Electric: Baldwin EMC
- Utilities for property: Riviera Utilities
Green energy
- Energy efficient items: None
Community & HOA
Community
- Features: None
- Subdivision: Petersons Point
HOA
- Has HOA: No
Location
- Region: Elberta
Financial & listing details
- Price per square foot: $141/sqft
- Annual tax amount: $1,973
- Price range: $465K - $465K
- Date on market: 2/4/2026
- Ownership: Whole/Full
Price history
| Date | Event | Price |
|---|---|---|
| 4/21/2026 | Sold | $465,000-3.1%$141/sqft |
Source:  Baldwin Realtors #391280 Report a problem | ||
| 3/5/2026 | Pending sale | $479,900$145/sqft |
Source: Baldwin Realtors #391280 Report a problem | ||
| 2/23/2026 | Price change | $479,900-4%$145/sqft |
Source: Baldwin Realtors #391280 Report a problem | ||
| 2/11/2026 | Price change | $499,900-9.1%$151/sqft |
Source: Baldwin Realtors #391280 Report a problem | ||
| 2/4/2026 | Listed for sale | $549,900$167/sqft |
Source: Baldwin Realtors #391280 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 36530
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Nearby schools
GreatSchools rating
- 7/10Elberta Elementary SchoolGrades: PK-6Distance: 3.7 mi
- 7/10Elberta Middle SchoolGrades: 7-8Distance: 4.1 mi
- 9/10Elberta Middle SchoolGrades: 9-12Distance: 4.1 mi
Schools provided by the listing agent
- Elementary: Elberta Elementary
- Middle: Elberta Middle
- High: Elberta High School
Source: Baldwin Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$466,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$466,400
- Alabama
- Baldwin County
- Elberta
- 36530
- 9330 Pinewood Avenue 3 Unit 1-2-4
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