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    Mobile, AL Apartment Buildings for Sale

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    Talladega, AL Eight Mile, AL Chickasaw, AL
    19 results
    Midtown Multi-Unit Investment Opportunity
    $600,000
    3,576 SF

    Midtown Multi-Unit Investment Opportunity

    266 Rickarby Street, Mobile, AL 36606

    Six fully leased units in a convenient Midtown location.

    • Six fully occupied units provide immediate rental income.
    • Convenient Midtown location with easy access to major thoroughfares and downtown Mobile.
    • Two separate 3‑unit apartment buildings included in the sale.
    • Attractive unit mix of four 2‑bedroom, 1‑bath and two 1‑bedroom, 1‑bath apartments.
    • Rents range from $500 to $800 per month, with one unit participating in Section 8.
    Updated: Mar 20
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    Six-Unit Apartment Building For Sale
    $475,000
    5,911 SF

    Six-Unit Apartment Building For Sale

    207 Michigan Avenue, Mobile, AL 36604

    Income-generating six-unit apartment building with renovation upside.

    • Income‑generating property from closing day with over $5,500/month gross rent.
    • Mix of long‑term and short‑term rental units for diversified income streams.
    • Professional property management in place, ideal for out‑of‑town buyers.
    • Strategic location on Michigan Avenue, a corridor to the interstate and new Mobile International Airport.
    • Partially renovated with potential to increase rents through further updates.
    Updated: Apr 1
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    Renovated High-Income Apartment Building
    $600,000
    2,666 SF

    Renovated High-Income Apartment Building

    Six-unit building with short-term and long-term rental income.

    1300 Illinois Street, Mobile, AL 36604
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    Midtown Mobile Multifamily Investment Opportunity
    $799,000
    5,910 SF

    Midtown Mobile Multifamily Investment Opportunity

    Nine-unit apartment complex in Midtown Mobile, 100% occupied.

    203 Mohawk Street, Mobile, AL 36606
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    Midtown Mobile Multifamily Investment
    $600,000
    0.34 Acres

    Midtown Mobile Multifamily Investment

    Six-unit apartment buildings in Midtown Mobile with immediate rental income.

    266 Rickarby Street, Mobile, AL 36606
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    Midtown Mobile Apartment Complex
    $715,000
    0.24 Acres

    Midtown Mobile Apartment Complex

    Updated ten-unit apartment complex near Downtown Mobile.

    302 Michigan Avenue, Mobile, AL 36604
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    Mobile Multifamily Investment Opportunity
    $475,000
    0.14 Acres

    Mobile Multifamily Investment Opportunity

    Six-unit apartment building with income potential near Mobile International Airport.

    207 Michigan Avenue, Mobile, AL 36604
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    Renovated Multifamily Investment Opportunity
    $600,000
    0.17 Acres

    Renovated Multifamily Investment Opportunity

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

    1300 Illinois Street, Mobile, AL 36604
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    Midtown Mobile Multifamily Investment
    $799,000
    0.32 Acres

    Midtown Mobile Multifamily Investment

    Nine-unit apartment complex in Midtown Mobile, fully occupied.

    203 Mohawk Street, Mobile, AL 36606
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    Updated 5-Unit Studio Complex
    $350,000
    0.12 Acres

    Updated 5-Unit Studio Complex

    Updated 5-unit studio complex in Mobile, Alabama.

    659 Maple Street, Mobile, AL 36603
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    Six-Unit Apartment Building on Michigan
    $475,000
    5,911 SF

    Six-Unit Apartment Building on Michigan

    Six-unit apartment building with income potential near Mobile International Airport.

    207 Michigan Avenue, Mobile, AL 36604
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    Midtown Investment Opportunity
    $600,000
    3,576 SF

    Midtown Investment Opportunity

    Two buildings with six fully leased units in Midtown Mobile.

    266 Rickarby Street, Mobile, AL 36606
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    Renovated Income-Producing Apartment Building
    $600,000

    Renovated Income-Producing Apartment Building

    Six-unit apartment building with short-term and long-term rental income.

    1300 Illinois Street, Mobile, AL 36604
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    Midtown Mobile Ten-Unit Apartment Complex
    $715,000

    Midtown Mobile Ten-Unit Apartment Complex

    Updated ten-unit apartment complex near Downtown Mobile.

    302 Michigan Avenue, Mobile, AL 36604
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    Updated Studio Style Apartment Complex
    $350,000

    Updated Studio Style Apartment Complex

    Updated 5-unit studio complex with two additional lots.

    659 Maple Street, Mobile, AL 36603
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    Midtown Mobile Investment Opportunity
    $1,270,000

    Midtown Mobile Investment Opportunity

    Fully furnished 8-unit apartment complex with short-term rental history.

    16-22 S Florida Street, Mobile, AL 36606
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    Multifamily Portfolio in Mobile, AL
    Contact for pricing

    Multifamily Portfolio in Mobile, AL

    149-unit multifamily portfolio in Mobile, Alabama.

    2904 Pleasant Valley Rd, Mobile, AL 36606
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    New Student Housing Community
    Contact for pricing

    New Student Housing Community

    Purpose-built student housing community near the University of South Alabama.

    6640 Old Shell Rd |, Mobile, AL 36608
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    Renovated Multifamily Property in Mobile
    Contact for pricing
    21,120 SF

    Renovated Multifamily Property in Mobile

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

    2219 Dauphin Island Pkwy, Mobile, AL 36605
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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 19 Active Listings in Mobile, AL, we suggest to view alternatives - similar 24 Off-Market properties to explore as potential leads.

    Off-Market Properties in Mobile, AL

    Consider similar Off-Market properties in Mobile, 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.

    333 Baldwin Dr
    GARDEN APT, COURT APT (5+ UNITS)
    3,200 SF Lot: 0.32 Acres
    Value Estimation by Request

    333 Baldwin Dr, Mobile, AL 36610-1602

    View details
    2320 Dauphin Is Pkwy
    GARDEN APT, COURT APT (5+ UNITS)
    11,019 SF Lot: 0.62 Acres
    Estimated value
    $850,000

    2320 Dauphin Is Pkwy, Mobile, AL 36605-3454

    View details
    5745 Katherine Hankins Dr
    Multifamily properties
    Lot: 1.19 Acres
    Value Estimation by Request

    5745 Katherine Hankins Dr, Theodore, AL 36582

    View details
    304 Michigan Ave
    Multifamily properties
    4,400 SF Lot: 0.45 Acres
    Value Estimation by Request

    304 Michigan Ave, Mobile, AL 36604

    View details
    1763 Old Canal St
    Multifamily properties
    Value Estimation by Request

    1763 Old Canal St, Mobile, AL 36605

    View details

    Mobile, AL Apartment Buildings Investment Opportunities Market Analysis

    Explore 43 apartment buildings for sale in Mobile, AL, showcased through 19 active listings on our real estate platform. These investment opportunities span a total of 27,550 square feet of properties for sale, with an estimated market value of $3,549,000.

    Sale prices for two-family homes in Mobile, AL start at $475,000, averaging $591,500, and reaching up to $799,000 — 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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    Property Size Breakdown

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

    Demographics Overview

    Population 279K
    Population Growth (5Y) -6.1%
    Median Household Income $56,578
    College Educated 16.3%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    36603 $350K
    36604 $581.9K
    36606 $778K

    Taxes & Financing

    Tax Rate (average for all types) 5.67%
    Property Tax per SF $96.49 per sq ft
    Average Loan-to-Value 65.0%

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    Most Searched ZIP Codes in Mobile, AL

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    • 36606
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