Advertise
    Mobile, AL
    Apartment Building

    Mobile, AL Apartment Buildings for Sale

    Notify Me
    List
    Map
    Talladega, AL Eight Mile, AL Slidell, LA Chickasaw, AL Spanish Fort, AL Semmes, AL Saraland, AL Wilmer, AL
    16 properties
    Sort:
    Midtown 9-Unit Apartment Complex
    Updated: Mar 20
    Midtown 9-Unit Apartment Complex

    203 Mohawk Street, Mobile, AL 36606

    $799,000
    5,910 sqft 0.32 AC lot
    9‑unit apartment complex in Midtown Mobile with a mix of 1- and 2‑bedroom units, each with 1 bathroom
    100% occupied with monthly rents reported at $600 to $800 per unit
    All‑electric units with window air‑conditioning units; each unit includes a stove and refrigerator (except one unit’s refrigerator belongs to the tenant)
    On‑site resident parking available
    Built in 1945; composition roof
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    203 Mohawk Street, Mobile, AL 36606

    View Property Analytics

    • Est. Cap Rate

      6.1%
      Above avg (5.9%)

    • Est. NOI

      $49K
      Annual

    • Price @ 7% Cap

      $700K
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1945
    View Property Analytics
    Two-Building Apartment Investment
    Updated: Mar 20
    Two-Building Apartment Investment

    266 Rickarby Street, Mobile, AL 36606

    $600,000
    3,576 sqft 0.34 AC lot
    Two separate 3‑unit apartment buildings at 264 and 266 Rickarby Street
    Six fully occupied units with rents ranging from $500 to $800 per month; one unit participates in Section 8
    Unit mix: four 2‑bedroom, 1‑bath apartments and two 1‑bedroom, 1‑bath apartments
    Each unit has hardwood floors and window HVAC units for heating and cooling
    Utilities include gas, electricity, city water, and city sewer
    View details
    Six-Unit Apartment Income Building
    Six-Unit Apartment Income Building

    207 Michigan Avenue, Mobile, AL 36604

    $445,000
    5,911 sqft 0.13 AC lot

    A partially renovated six-unit building with a mix of long-term and short-term rental layouts.

    View details
    Midtown Investment Opportunity
    Midtown Investment Opportunity

    266 Rickarby Street, Mobile, AL 36606

    $600,000
    3,576 sqft

    Two buildings with six fully leased units in Midtown Mobile.

    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Renovated Six-Unit Multifamily Property
    Renovated Six-Unit Multifamily Property

    1300 Illinois Street, Mobile, AL 36604

    $600,000
    2,666 sqft

    Renovated six-unit building with a mix of furnished short-term and long-term rentals plus coin-operated laundry income.

    View details
    Midtown Mobile Multifamily Investment
    Midtown Mobile Multifamily Investment

    266 Rickarby Street, Mobile, AL 36606

    $600,000
    0.34 AC lot

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

    View details
    Renovated Multifamily Investment Opportunity
    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.

    View details
    Six-Unit Apartment Building on Michigan
    Six-Unit Apartment Building on Michigan

    207 Michigan Avenue, Mobile, AL 36604

    $475,000
    5,911 sqft

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

    View details
    Midtown Mobile Multifamily Investment
    Midtown Mobile Multifamily Investment

    203 Mohawk Street, Mobile, AL 36606

    $799,000
    0.32 AC lot

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

    View details
    Six-Unit Apartment Building
    Six-Unit Apartment Building

    207 Michigan Avenue, Mobile, AL 36604

    $445,000
    0.14 AC lot

    Partially renovated six-unit property with five long-term rentals and one short-term rental unit.

    View details
    Fully Occupied 34-Unit Apartment Community
    Fully Occupied 34-Unit Apartment Community

    6601 Old Shell Rd, Mobile, AL 36608

    Contact for pricing
    32,300 sqft

    Built in 1973, this fully occupied 34-unit multifamily property offers consistent two-bedroom, one-bath units.

    View details
    Renovated Multifamily Property in Mobile
    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.

    View details
    Renovated Income-Producing Apartment Building
    Renovated Income-Producing Apartment Building

    1300 Illinois Street, Mobile, AL 36604

    $600,000

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

    View details
    Midtown Mobile Ten-Unit Apartment Complex
    Midtown Mobile Ten-Unit Apartment Complex

    302 Michigan Avenue, Mobile, AL 36604

    $715,000

    Updated ten-unit apartment complex near Downtown Mobile.

    View details
    New Student Housing Community
    New Student Housing Community

    6640 Old Shell Rd |, Mobile, AL 36608

    Contact for pricing
    85 sqft

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

    View details
    Midtown Mobile Investment Opportunity
    Midtown Mobile Investment Opportunity

    16-22 S Florida Street, Mobile, AL 36606

    $1,199,900

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

    View details
    Based on your search, we've compiled 48 Potential Opportunities for your consideration. Besides 16 Active listings in Mobile, AL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 24 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.

    48-Unit Apartment Community
    48-Unit Apartment Community

    2718 Bartlett Avenue, Pascagoula, MS 39567

    $4,560,000
    71,520 sqft 3.91 AC lot

    Multifamily property with 32 apartment-style units and 16 townhomes across 2- and 3-bedroom layouts.

    View details
    Six-Unit Residential Income Building
    Six-Unit Residential Income Building

    531 W Laurel Avenue, Foley, AL 36535

    $679,000
    3,743 sqft 0.59 AC lot

    Historic two-story six-plex with 1-bedroom, 1-bath units, individual mini-split A/C, coin laundry, and ample parking.

    View details
    Pascagoula Multifamily Investment Opportunity
    Pascagoula Multifamily Investment Opportunity

    3708 Lanier Ave, Pascagoula, MS 39581

    $1,235,000
    20,574 sqft 1.35 AC lot

    24-unit multifamily property in Pascagoula, Mississippi, near industrial employers.

    View details
    Hospitality, Mixed Use, Multifamily, Senior Living
    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

    View details

    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
    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.

    View details
    Waterfront Lot in Treasure Island
    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.

    View details
    Greenville Development Opportunity: 1.33 Acres
    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.

    View details
    Asheville Development Opportunity: 5.94 Acres
    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.

    View details

    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)

    333 Baldwin Dr, Mobile, AL 36610-1602

    Value Estimation by Request
    3,200 sqft 0.32 AC lot
    View details
    2320 Dauphin Is Pkwy
    GARDEN APT, COURT APT (5+ UNITS)

    2320 Dauphin Is Pkwy, Mobile, AL 36605-3454

    $850,000
    Estimated value
    11,019 sqft 0.62 AC lot
    View details
    5745 Katherine Hankins Dr
    Multifamily properties

    5745 Katherine Hankins Dr, Theodore, AL 36582

    Value Estimation by Request
    1.19 AC lot
    View details
    304 Michigan Ave
    Multifamily properties

    304 Michigan Ave, Mobile, AL 36604

    Value Estimation by Request
    4,400 sqft 0.45 AC lot
    View details
    1763 Old Canal St
    Multifamily properties

    1763 Old Canal St, Mobile, AL 36605

    Value Estimation by Request
    View details
    3171 Pleasant Valley Rd
    Multifamily properties

    3171 Pleasant Valley Rd, Mobile, AL 36606

    Value Estimation by Request
    View details
    2010 Service Rd
    Multifamily properties

    2010 Service Rd, Mobile, AL 36617

    Value Estimation by Request
    View details
    Doris Faye Williams St
    GARDEN APT, COURT APT (5+ UNITS)

    Doris Faye Williams St, Mobile, AL 36610

    $780,000
    Estimated value
    9,699 sqft 1.30 AC lot
    View details

    Mobile, AL Apartment Buildings Market Trends and Statistics

    Explore 40 apartment buildings for sale in Mobile, AL, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 23,974 square feet of properties for sale, with an estimated market value of $2,919,000.

    Sale prices for two-family homes in Mobile, AL start at $445,000, averaging $583,800, 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.

    List
    Map

    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 average listing prices of real estate assets

    Neighborhood Average Price
    36603 $350K
    36604 $574.4K
    36606 $813.6K
    36608 $900K

    Taxes & Financing

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

    Listings Trend

    New vs delisted commercial listings in Mobile County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Mobile County

    Office

    Property Size Breakdown

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

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in Mobile, AL

    Popular Categories

    Most Searched ZIP Codes in Mobile, AL

    • 36604
    • 36606
    • 36608
    • 36605

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!