Nine-Unit Apartment
For Sale
$799,000
203 Mohawk Street, Mobile, AL 36606
MULTI_FAMILY - Mobile, AL
Property Size5,910 SF
Lot Size0.32 Acres
Price / SF$135.19
Days on Market139
Property Features for 203 Mohawk Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
13
Bathrooms
9
Full bathrooms
9
Rooms
Bathroom 4, Bedroom 1, Bedroom 7, Bedroom 13, Bedroom 9, Bedroom 8, Bathroom 6, Bathroom 5, Bathroom 9, Bedroom 12, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 4, Bathroom 7, Bedroom 10, Bathroom 3, Bedroom 11, Bathroom 1, Bathroom 8
Fireplace
1
Appliances
Range-Electric, Refrigerator, Smoke Detector
Subdivision
Dubroca Tract
Elementary school
Leinkauf
Middle school
Booker T Washington
High school
Murphy
Directions
From Old Shell Rd headings towards midtown. Turn right onto Wisteria Ave. Turn left onto Dauphin St. Turn right onto Mohawk St.
Standard status
Active
APN
2907240006217XXX
Size
5,910 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
LOTS 18 & 19 BLK 12 DUBROCA TRACT DBK 141 P 39 #SEC 24 T4S R1W #MP29 07 24 0 006
Legal Description
LOTS 18 & 19 BLK 12 DUBROCA TRACT DBK 141 P 39 #SEC 24 T4S R1W #MP29 07 24 0 006
Amenities
window air-conditioning units
Building Details
Year built
1945
Floors in Building
3
Flooring type
Carpet, Laminate, Wood
Roof type
Composition
Architectural style
Other
Listing Agency:
LLB & B Inc.
(251) 342-3200
Listed By:
Melissa Morrissette · License #76258
(251) 709-4736
Added: Mar 20
Changed: Aug 4
Last Checked: Aug 5 at 11:06AM
MLS# 393811
Copyright © 2026 Baldwin 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.
Nine-unit apartment complex in Mobile, AL featuring a mix of 1- and 2-bedroom units, each with 1 bathroom. The property is currently 100% occupied and is configured with window air-conditioning units. The building is all-electric and served by city water and city sewer.
Each unit includes a stove and refrigerator, with one unit noted as having the refrigerator belonging to the tenant. The property includes on-site parking for residents, composition roofing, and a fireplace. Interior finishes include laminate, carpet, and wood flooring.
Built in 1945, the property sits on a 0.3202-acre lot and includes 5,910 square feet of building area. The listing notes buyer to verify all information during due diligence.
Each unit includes a stove and refrigerator, with one unit noted as having the refrigerator belonging to the tenant. The property includes on-site parking for residents, composition roofing, and a fireplace. Interior finishes include laminate, carpet, and wood flooring.
Built in 1945, the property sits on a 0.3202-acre lot and includes 5,910 square feet of building area. The listing notes buyer to verify all information during due diligence.
Key Highlights
- Nine total units with 1- and 2‑bedroom layouts, each with 1 bathroom
- Currently 100% occupied
- All‑electric building with window air‑conditioning units
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.7k | $16.20 |
| − Vacancy | −$6.7k | −$1.13 |
| EGI | $89.0k | $15.07 |
| − OpEx | −$40.1k | −$6.78 |
| NOI | $49.0k | $8.29 |
5,910 SF · lease $16.20/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$699.6K
$612.2K – $816.2K
NOI $48,972 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $105,149 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
881
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Nine-unit apartment complex with 1- and 2-bedroom layouts, city water/sewer, and window AC units.
Where is this apartment building located?
The property is located at 203 Mohawk Street Mobile, AL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Nine total units with 1- and 2‑bedroom layouts, each with 1 bathroom; Currently 100% occupied; All‑electric building with window air‑conditioning units
