Foley, AL Apartment Buildings for Sale

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Daphne, AL Summerdale, AL Magnolia Springs, AL Fairhope, AL Gulf Shores, AL Elberta, AL Bon Secour, AL Orange Beach, AL

Updated: Jun 25, 2025

Remodeled Multifamily with 10 Units

606 ,, 706 N Alston Street, Foley, AL 36535

$1,349,000

8,468 sqft

10 total apartment units with 2 bedrooms and 1 bathroom each
Remodeled in 2022 with stainless appliances, wood‑look vinyl flooring, fresh paint, and butcher block kitchen islands
In‑unit laundry included and features a metal roof
Located on 3 separate parcels: PPIN #396767, #72683, and #48020
Zoned B‑1 (Local Business District) with legal non‑conforming residential use allowing continued residential occupancy

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This listing looks promising.

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606 ,, 706 N Alston Street, Foley, AL 36535

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Est. Cap Rate

5.1%
NOI ÷ price
Est. NOI

$69K
Annual
Price @ 7% Cap

$986K
Suggested
Property Type

Duplex
Built 1981

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Updated: Sep 13, 2024

Six-Unit Residential Income Building

531 W Laurel Avenue, Foley, AL 36535

$679,000

3,743 sqft 0.59 AC lot

Six‑plex built in 1925 on a little over half an acre; currently operated as a 55+ community with 100% occupancy
Two‑story property with 6 units total; each unit has 1 bedroom and 1 bathroom plus its own kitchen
Five units on the main floor and one unit on the upstairs level
Each unit has its own mini‑split A/C system; utilities are included in the tenant monthly payments
Renovated in 2018 with updated electrical, plumbing, sprinkler, and smoke detector systems

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Foley Multifamily Investment Opportunity

606,,,706 N Alston Street, Foley, AL 36535

$1,349,000

8,468 sqft

Ten remodeled apartment units near Highway 59 in Foley, Alabama.

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Hospitality, Mixed Use, Multifamily, Senior Living

531 W Laurel Ave, Foley, AL 36535

$679,900

3,743 sqft 0.50 AC lot

Apartment buildings · 3,743 SF

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 49 Potential Opportunities for your consideration. Besides 4 Active listings in Foley, AL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 37 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Renovated Multifamily Investment Opportunity

1300 Illinois Street, Mobile, AL 36604

$600,000

0.17 AC lot

High-income producing six-unit apartment building with diversified income streams.

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Pensacola Multifamily Investment Opportunity

4600 Twin Oaks Dr, Pensacola, FL 32506

Contact for pricing

175,262 sqft

218-unit multifamily community undergoing renovations in Pensacola, Florida.

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Renovated Multifamily Property in Mobile

2219 Dauphin Island Pkwy, Mobile, AL 36605

Contact for pricing

21,120 sqft

32-unit apartment building with 100% occupancy in Mobile, AL.

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Waterfront Condo with Gulf Views

10335 Gulf Beach Hwy #302, Pensacola, FL 32507

$395,000

3.47 AC lot

Serene coastal retreat with water views, updated amenities, and great location.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Ocean Springs Highway 90 Land

Bienville Blvd, Ocean Springs, MS 39564

$675,000

143,748 sqft 3.30 AC lot

3.3 acre commercial land on Highway 90, Ocean Springs.

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Waterfront Lot in Treasure Island

141 104TH AVENUE, Treasure Island, FL 33706

$2,225,000

0.34 AC lot

Waterfront lot zoned for multifamily residential use in Treasure Island.

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Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900

1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Off-Market Properties in Foley, AL

Consider similar Off-Market properties in Foley, AL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (5+ UNITS)

611 Azalea Ave, Foley, AL 36535-3252

Value Estimation by Request

2,700 sqft 0.36 AC lot

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APARTMENT HOUSE (5+ UNITS)

605 Azalea Ave, Foley, AL 36535-3250

Value Estimation by Request

2,705 sqft 0.36 AC lot

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APARTMENT HOUSE (5+ UNITS)

9167 Hickory S St, Foley, AL 36535-3584

$2,135,000

Estimated value

21,456 sqft 25.00 AC lot

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APARTMENT HOUSE (5+ UNITS)

1648 Pne St, Foley, AL 36535-2220

$1,065,000

Estimated value

6,913 sqft 1.45 AC lot

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APARTMENT HOUSE (5+ UNITS)

21450 County Rd 12th S, Foley, AL 36535-9606

Value Estimation by Request

21,238 sqft 25.00 AC lot

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APARTMENT HOUSE (5+ UNITS)

414 Azalea Ave, Foley, AL 36535-1812

Value Estimation by Request

4,327 sqft 0.48 AC lot

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APARTMENT HOUSE (5+ UNITS)

614 Alston St, Foley, AL 36535-3506

$515,000

Estimated value

4,118 sqft 0.57 AC lot

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APARTMENT HOUSE (5+ UNITS)

701 Juniper St, Foley, AL 36535-2539

$2,715,000

Estimated value

21,344 sqft 4.52 AC lot

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APARTMENT HOUSE (5+ UNITS)

334 Bay St, Foley, AL 36535-2706

Value Estimation by Request

3,000 sqft 2.52 AC lot

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APARTMENT HOUSE (5+ UNITS)

300 Lawson Ave, Foley, AL 36535-2414

$9,800,000

Estimated value

19,392 sqft 8.60 AC lot

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APARTMENT HOUSE (5+ UNITS)

400 Park Ave, Foley, AL 36535-1106

Unit 1

Value Estimation by Request

8,883 sqft 11.00 AC lot

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APARTMENT HOUSE (5+ UNITS)

3151 Blvd De Sevilla, Foley, AL 36535-4634

$3,005,000

Estimated value

30,085 sqft 8.90 AC lot

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APARTMENT HOUSE (5+ UNITS)

610 Eastgate Ln, Foley, AL 36535-3341

Value Estimation by Request

3,780 sqft 0.45 AC lot

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APARTMENT HOUSE (5+ UNITS)

110 Elm St, Foley, AL 36535-1312

Value Estimation by Request

4,500 sqft 0.30 AC lot

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APARTMENT HOUSE (5+ UNITS)

700 Alston St, Foley, AL 36535-3508

Value Estimation by Request

4,124 sqft 0.43 AC lot

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APARTMENT HOUSE (5+ UNITS)

601 Azalea Ave, Foley, AL 36535-3218

Value Estimation by Request

3,354 sqft 0.56 AC lot

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APARTMENT HOUSE (5+ UNITS)

421 Pedigo Ave, Foley, AL 36535-1975

Value Estimation by Request

4,536 sqft 1.07 AC lot

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APARTMENT HOUSE (5+ UNITS)

405 Laurel Ave, Foley, AL 36535-1959

$950,000

Estimated value

10,654 sqft 1.04 AC lot

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APARTMENT HOUSE (5+ UNITS)

410 Azalea Ave, Foley, AL 36535-1814

$1,060,000

Estimated value

11,726 sqft 1.01 AC lot

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APARTMENT HOUSE (5+ UNITS)

500 Greentree Ln, Foley, AL 36535-4311

$1,685,000

Estimated value

15,230 sqft 4.10 AC lot

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Foley, AL Apartment Buildings Market Trends and Statistics

Explore 41 apartment buildings for sale in Foley, AL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 24,422 square feet of properties for sale, with an estimated market value of $4,056,900.

Sale prices for two-family homes in Foley, AL start at $679,000, averaging $1,014,225, and reaching up to $1,349,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 38K

Population Growth (5Y) +27.2%

Median Household Income $67,013

College Educated 17.4%

High-Yield Neighborhoods for Investment

Identify Foley submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
36535	$1M

Taxes & Financing

Tax Rate (average for all types) 3.13%

Property Tax per SF $65.10 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Baldwin County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Foley fall within the 100,000+ square foot range.

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Foley, AL Apartment Buildings for Sale

606 ,, 706 N Alston Street, Foley, AL 36535

531 W Laurel Avenue, Foley, AL 36535

606,,,706 N Alston Street, Foley, AL 36535

531 W Laurel Ave, Foley, AL 36535

Opportunities in Nearby Cities

1300 Illinois Street, Mobile, AL 36604

4600 Twin Oaks Dr, Pensacola, FL 32506

2219 Dauphin Island Pkwy, Mobile, AL 36605

10335 Gulf Beach Hwy #302, Pensacola, FL 32507

Potential Development Sites for Consideration

Bienville Blvd, Ocean Springs, MS 39564

141 104TH AVENUE, Treasure Island, FL 33706

71 Salters Road, Greenville, SC 29607

215 N Bear Creek Road, Asheville, NC 28806

Off-Market Properties in Foley, AL

611 Azalea Ave, Foley, AL 36535-3252

605 Azalea Ave, Foley, AL 36535-3250

9167 Hickory S St, Foley, AL 36535-3584

1648 Pne St, Foley, AL 36535-2220

21450 County Rd 12th S, Foley, AL 36535-9606

414 Azalea Ave, Foley, AL 36535-1812

614 Alston St, Foley, AL 36535-3506

701 Juniper St, Foley, AL 36535-2539

334 Bay St, Foley, AL 36535-2706

300 Lawson Ave, Foley, AL 36535-2414

400 Park Ave, Foley, AL 36535-1106

3151 Blvd De Sevilla, Foley, AL 36535-4634

610 Eastgate Ln, Foley, AL 36535-3341

110 Elm St, Foley, AL 36535-1312

700 Alston St, Foley, AL 36535-3508

601 Azalea Ave, Foley, AL 36535-3218

421 Pedigo Ave, Foley, AL 36535-1975

405 Laurel Ave, Foley, AL 36535-1959

410 Azalea Ave, Foley, AL 36535-1814

500 Greentree Ln, Foley, AL 36535-4311

Foley, AL Apartment Buildings Market Trends and Statistics

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Property Size Breakdown

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