203 Mohawk Street, Mobile, AL 36606
MULTI_FAMILY - Mobile, AL
- Added:
- Mar 20, 2026
- Days on Market:
- 92
- Last Refresh:
- Jun 19 at 8:06 pm
Property Features for 203 Mohawk Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 13
- Bathrooms
- 9
- Rooms
- Bathroom 7, Bedroom 13, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 11, Bedroom 9, Bedroom 2, Bathroom 8, Bathroom 4, Bathroom 6, Bedroom 6, Bathroom 1, Bedroom 8, Bedroom 4, Bathroom 5, Bathroom 2, Bathroom 9, Bedroom 10, Bedroom 7, Bedroom 12
- Fireplace
- 1
- Appliances
- Range-Electric, Refrigerator, Smoke Detector
- 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
Building Details
- Year built
- 1945
- Floors in Building
- 3
- Flooring type
- Wood, Carpet, Laminate
- Roof type
- Composition
- Architectural style
- Other
Listing agent Melissa Morrissette License #76258 (251) 709-4736
Listing office L L B & B, Inc. 3315-A Old Shell Rd., Mobile, AL (251) 342-3200
Listing date Mar 20, 2026
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.
HighLights
- 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
- City water and city sewer service
Overview
Located in Midtown Mobile, the asset sits on a 0.3202-acre lot. The offering is described as being convenient to dining, shopping, and entertainment, with easy access to major thoroughfares for connectivity throughout the area.
This property may be a practical fit for investors or operators seeking a small residential income asset with multiple unit types in place. The listing notes current full occupancy and provides a starting point for underwriting based on the stated rent range and included appliance configuration. Buyers are advised to verify all information during due diligence, including unit details, service arrangements, and lease terms.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.091428
- Latitude
- 30.679721
