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40-Unit Apartment Building
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1972 Wagner St, Mobile, AL 36617

Renovated multifamily property with a 100% HAP contract near downtown, parks, and schools.

Property SizeContact for details
Days on Market143

Property Features for 1972 Wagner St

General Information

Standard status Active
Property subtype Multifamily
Occupancy 90%

Additional Details

Multifamily Units 40

Building Details

Year Renovated 2007
Listing Agency: Bellator Real Estate
Listed By: David Milstead · License #AL 000074859
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 9:39PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bellator Real Estate

Investment Insights

Based on property information with market context.

Townhouse Square is a 40-unit apartment property renovated in 2007. The asset carries a 100% HAP contract and has reported average occupancy of 90%, providing a defined operating profile for multifamily ownership.

The property is located at 1972 Wagner St in Mobile, near Downtown Mobile, parks, and schools. Its unit count, contract structure, renovation history, and occupancy represent the primary property details available for evaluation.

Key Highlights

  • 40 apartment units
  • 100% HAP contract
  • Average occupancy of 90%

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Kitchen & Bath Showroom Building Supply HVAC Service

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

40
Residential units
90%
Occupancy

Location Intelligence

Trade Area within ½ mile

735
Businesses Nearby

Demographics for 36617, AL

11,408
Population
5,828
Households
2
Avg Household Size
45
Median Age
15%
College-Educated
87%
High-School Grad
4.5 sq mi
ZIP Area
2,535
Density / Sq Mi
$39,922
Median Household Income
$30,040
Median Earnings
$1,061
Median Rent
$75,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Renovated multifamily property with a 100% HAP contract near downtown, parks, and schools.
Where is this apartment building located?
The property is located at 1972 Wagner St Mobile, AL.
What are key features of this property?
This property features: 40 apartment units; 100% HAP contract; Average occupancy of 90%
(251) 458-8202 Call to check price and availability
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