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    531 W Laurel Ave Foley, AL 36535

    For Sale
    $679,000

    4-10, Multi-Story - Foley, AL

    Property size:
    3,743 SF
    Lot size:
    0.59 Acres
    Days on Market:
    152
    Last Refresh:
    Dec 14 at 8:06 pm

    Property Features for 531 W Laurel Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    6
    APN
    05-54-09-29-3-000-005.002
    Appliances
    Cooktop, Range, Range - Electric
    Size
    3,743 SF
    Lot size
    0.59 Acres

    Building Details

    Year built
    1925
    Floors in Building
    2
    Flooring type
    Laminate, Tile, Wood
    Building materials
    Brick
    Roof type
    Metal, Tile
    Architectural style
    Other

    Hosteeva Realty (251) 747-0097

    Listing agent Alla Nikitina (251) 747-0097 License #108869

    Listing date Jul 16, 2025

    MLS# 367907 Listing URL

    Copyright © 2025 Baldwin County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historical Six-Plex Near Foley Downtown

    This historical six-plex, constructed in 1925, is located steps from Foley Downtown. The property, with only four owners in nearly a century, is situated on a lot of approximately 0.59 acres. Currently operating as a 55+ community, the property maintains 100% occupancy. It is within walking distance of Foley Elementary and Middle Schools, as well as downtown amenities including doctor's offices, a vet clinic, restaurants, and shops. South Baldwin Regional Medical Center, the Police Department, Municipal Court, the DMV, and Riviera Utilities are located within a 2-mile radius. The two-story building contains six units, each featuring 1 bedroom, 1 bathroom, and a kitchen. Five units are on the main floor, with one unit located upstairs. All units include individual mini-split A/C systems. A coin laundry is available for common use. The property also features a full basement, not currently in use by tenants, which offers additional potential. Ample on-site parking is available for tenants. Utilities are included in the tenant's monthly payments. The property underwent renovation in 2018, which included updated electrical, plumbing, sprinkler, and smoke detector systems. The living area is 3743 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Love Lady Center ... Addiction Treatment Center Wright Chandra C Attorney Murchison & Howard LLC Personal Injury Attorney

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Foley
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.69314
    Latitude
    30.406055

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    FAQs

    What type of property is this?
    Apartment building - Charming 6-unit building near downtown Foley, fully occupied.
    Where is this apartment building located?
    The property is located at 531 W Laurel Ave Foley, AL.
    What is the asking price?
    The asking price for this property is $679,000.
    What are key features of this property?
    This property features: - 100% Occupancy: Ensures immediate income as a 55+ community.; - Prime Location: Walking distance to downtown Foley, schools, and essential services.; - Updated Systems: Renovated in 2018 with updated electrical, plumbing, sprinkler, and smoke detector systems.
    (251) 747-0097
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    531 W Laurel Ave Foley, AL 36535
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