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Income-Producing Triplex in Midtown Mobile
For Sale
$330,000

122 Glenwood Street, Mobile, AL 36606

MULTI_FAMILY - Mobile, AL

Property SizeContact for details
Lot Size0.22 Acres
Days on Market244

Property Features for 122 Glenwood Street

General Information

Property type Residential Multi Family
Property subtype Other
Parking features Driveway
Subdivision Dubroca Tract
Lot features Corner Lot
Elementary school Leinkauf
Middle school Booker T Washington
High school Murphy
Standard status Active
APN 2907240006033001
Lot size 0.22 Acres

Taxes and HOA fees

Tax Annual Amount 3164

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Forced Air, Electric (Heating)
Cooling system Ceiling Fan(s)
Water source Public

Amenities

coded laundry room

Building Details

Floors in Building 2
Number of units 3
Flooring type Vinyl, Laminate, Carpet, Hardwood
Building materials Vinyl Siding
Roof type Shingle
Listing Agency: RE/MAX Realty Professionals · RE/MAX International
Listed By: Donna Gardner · License #75459
Added: Dec 29, 2025 Changed: Aug 3 Last Checked: Aug 30 at 9:06PM
MLS# 7696274

Copyright © 2026 Mobile Area 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.

Investment Insights

Based on property information with market context.

This income-producing triplex is located in midtown Mobile. The property features three units, which are currently 100% occupied. The location provides convenient access to the downtown entertainment district, the business district, and I-10 for trips to Baldwin County, Pensacola, or I-65. The property includes two downstairs units, each with one bedroom and one bathroom. The upstairs unit is a more spacious two-bedroom, one-bathroom layout. There is ample parking available, along with a coded laundry room exclusively for tenant use. The lot size is 0.2165 acres.

Key Highlights

  • Triplex with 3 units that are 100% occupied
  • Unit mix: two downstairs 1 bed/1 bath units and one upstairs 2 bed/1 bath unit
  • Tenant‑only coded laundry room and driveway parking

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Dental Office Grocery & Convenience Store Home Appliance Store Veterinary Clinic Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

927
Businesses Nearby

Demographics for 36606, AL

19,042
Population
9,129
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
6.8 sq mi
ZIP Area
2,800
Density / Sq Mi
$49,561
Median Household Income
$37,094
Median Earnings
$938
Median Rent
$141,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Fully occupied triplex in desirable midtown location, close to downtown.
Where is this triplex located?
The property is located at 122 Glenwood Street Mobile, AL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Triplex with 3 units that are 100% occupied; Unit mix: two downstairs 1 bed/1 bath units and one upstairs 2 bed/1 bath unit; Tenant‑only coded laundry room and driveway parking
More about this property
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