9-Unit Apartment
For Sale
$799,000
203 Mohawk Street, Mobile, AL 36606
Residential Income, Mobile, AL
Property Size5,910 SF
Lot Size0.32 Acres
Price / SF$135.19
Days on Market217
Property Features for 203 Mohawk Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MultiFamily
Bedrooms
13
Bathrooms
9
Full bathrooms
9
Rooms
Bedroom 13, Bedroom 2, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 6, Bathroom 8, Bathroom 6, Bathroom 1, Bathroom 9, Bedroom 12, Bedroom 11, Bedroom 7, Bedroom 3, Bedroom 1, Bathroom 5, Bedroom 5, Bathroom 7, Bedroom 8, Bedroom 4, Bedroom 9, Bedroom 10
Fireplace
1
Appliances
Refrigerator, Electric Range, Smoke Detector
Subdivision
Dubroca Tract
Elementary school
Leinkauf Elementary
Middle school
Booker T. Washington Middle
High school
Murphy High
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
Tax Annual Amount
1613
Legal Description
LOTS 18 & 19 BLK 12 DUBROCA TRACT DBK 141 P 39 #SEC 24 T4S R1W #MP29 07 24 0 006
Utilities
Cooling system
Window Unit(s)
Amenities
window air-conditioning units
on-site parking
stove and refrigerator
Building Details
Year built
1945
Floors in Building
3
Flooring type
Carpet, Wood, Laminate
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: Sep 13
Last Checked: Oct 22 at 12:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9-unit apartment property at 203 Mohawk Street contains a mix of one- and two-bedroom residences, with one bathroom in each unit. The 5,910-square-foot building was constructed in 1945 on 0.3202 acres and is zoned MultiFamily. All units are electric and cooled by window air-conditioning units, while apartment features include electric ranges and refrigerators, with one refrigerator owned by a tenant. Wood, carpet, and laminate flooring are represented throughout the property.
The complex is currently 100% occupied and provides on-site resident parking. City water and city sewer serve the property. Its Mobile setting offers proximity to dining, shopping, and entertainment, with access to major thoroughfares serving broader areas of the city.
The complex is currently 100% occupied and provides on-site resident parking. City water and city sewer serve the property. Its Mobile setting offers proximity to dining, shopping, and entertainment, with access to major thoroughfares serving broader areas of the city.
Key Highlights
- 9‑unit apartment property with a mix of 1- and 2‑bedroom units, each with 1 bathroom
- Currently 100% occupied
- 5,910 square feet on 0.3202 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,972
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$979,440
$979.4K
Cap Rate 7%
$699,600
$699.6K
Cap Rate 9%
$544,133
$544.1K
Market Conditions
NOI Build-Up for 5,910 SF
Gross rent
$95.7K $16.20/SF
− Vacancy
−$6.7K −$1.13/SF
EGI
$89.0K $15.07/SF
− OpEx
−$40.1K −$6.78/SF
NOI
$49.0K $8.29/SF
Area
Mobile, AL
Vacancy
7.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$979,440
Cap Rate 7%
$699,600
Cap Rate 9%
$544,133
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
9
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
916
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartments with one- and two-bedroom layouts, on-site parking, and municipal water and sewer service.
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: 9‑unit apartment property with a mix of 1- and 2‑bedroom units, each with 1 bathroom; Currently 100% occupied; 5,910 square feet on 0.3202 acres
