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Six-Unit Apartment Building
For Sale
$435,000

207 Michigan Avenue, Mobile, AL 36604

Residential Income, Mobile, AL

Property Size5,911 SF
Lot Size0.13 Acres
Price / SF$73.59
Days on Market154

Property Features for 207 Michigan Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MultiFamily
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 4
Fencing Fenced
Fireplace 1
Subdivision Glendale Park
Elementary school Leinkauf Elementary
Middle school Calloway Smith Middle
High school Murphy High
Directions From Government St, headed East, make a right onto Michigan Avenue and property will be on your left.
Standard status Active
APN 29-10-22-3-003-028.
Size 5,911 SF
Lot size 0.13 Acres

Taxes and HOA fees

Tax Description PART OF LOT 2 SQ 2 GLENDALE PARK DBK 61 NS P 316 DESC AS BEG AT PT ON E/S OF MICHIGAN AVE 103 FT 3 IN FROM NE COR OF INTERSECT OF MICHIGAN AVE & ELMIRA ST TH RUN NLY ON E/S OF MICHIGAN AVE 50 FT FOR FRONT OF SD LOT TH ELY & PAR TO ELMIRA ST 120 FT TO AN ALLEY IN THE REAR OF SD LOT TH SLY & PAR
Tax Annual Amount 3053
Legal Description PART OF LOT 2 SQ 2 GLENDALE PARK DBK 61 NS P 316 DESC AS BEG AT PT ON E/S OF MICHIGAN AVE 103 FT 3 IN FROM NE COR OF INTERSECT OF MICHIGAN AVE & ELMIRA ST TH RUN NLY ON E/S OF MICHIGAN AVE 50 FT FOR FRONT OF SD LOT TH ELY & PAR TO ELMIRA ST 120 FT TO AN ALLEY IN THE REAR OF SD LOT TH SLY & PAR

Utilities

Cooling system Window Unit(s)

Building Details

Year built 1977
Floors in Building 2
Flooring type Tile, Wood
Architectural style Other
Listing Agency: Bellator Real Estate LLC Mobile
Listed By: Rameh Dickens Khazen · License #93507
Added: Apr 1 Changed: Aug 31 Last Checked: Sep 1 at 3:06AM
MLS# 394407

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.

This 5,911-square-foot apartment property contains six units: four one-bedroom, one-bath residences and two studio apartments. Five units are configured for long-term occupancy, while one is used as a short-term rental. Interior finishes include tile and wood flooring, and the property includes fencing and a fireplace. The building was constructed in 1977 and is zoned MultiFamily.

Capital improvements include three updated mini-split air conditioners, a main electrical panel upgrade completed in 2022, and partial replumbing that included sewer lines and most plumbing fixtures. Exterior painting and landscaping were completed approximately in 2023. The property is professionally managed and sits on 0.13 acres at 207 Michigan Avenue in Mobile, with access toward Midtown and the future Mobile International Airport corridor.

Key Highlights

  • Six‑unit apartment building totaling 5,911 square feet
  • Unit mix includes four one‑bedroom, one‑bath units and two studios
  • Five long‑term rental units plus one short‑term rental unit

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Spa & Massage Center Dental Office Real Estate Agency Hair Salon HVAC Service Kitchen & Bath Showroom

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

6
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

593
Businesses Nearby

Demographics for 36604, AL

8,798
Population
5,032
Households
1.7
Avg Household Size
40
Median Age
42%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
3,384
Density / Sq Mi
$60,750
Median Household Income
$37,926
Median Earnings
$892
Median Rent
$236,700
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?
Apartment building - Partially renovated multifamily property with five long-term units and one short-term rental unit.
Where is this apartment building located?
The property is located at 207 Michigan Avenue Mobile, AL.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Six‑unit apartment building totaling 5,911 square feet; Unit mix includes four one‑bedroom, one‑bath units and two studios; Five long‑term rental units plus one short‑term rental unit
More about this property
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