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12-Unit Apartment Building
New
For Sale
$225,000

2508 Highland Drive, Mobile, AL 36617

Commercial Sale, Mobile, AL

Property Size9,744 SF
Lot Size0.57 Acres
Price / SF$23.09
Days on Market5

Property Features for 2508 Highland Drive

General Information

Property type Commercial Sale
Property subtype Other
Zoning mfr
Parking 4
Parking features On Street
Standard status Active
APN 2902440014333
Size 9,744 SF
Lot size 0.57 Acres

Taxes and HOA fees

Tax Annual Amount 4380

Utilities

Utilities Electricity Available
Sewer type Public Sewer
Water source Public

Building Details

Floors in Building 2
Building materials Brick 4 Sides
Listing Agency: Bellator Real Estate LLC Mobile
Listed By: Rameh Dickens Khazen · License #93507
Added: Sep 18 Changed: Sep 21 Last Checked: Sep 22 at 8:06PM
MLS# 7840423

Copyright © 2026 Mobile Area Association of 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 12-unit apartment property contains 9,744 square feet on 0.574 acres, with every unit configured as a two-bedroom, one-bath residence. Interior layouts include spacious living rooms, kitchens with room for cabinet installation and dining areas, and some renovations have already begun. The property is positioned for a renovation program, with the buyer responsible for evaluating existing conditions and establishing the required scope of work.

Parking can accommodate at least 24 guests or tenants. The property has brick construction on all four sides, public water, public sewer, and electricity available. It is located less than ten minutes from Downtown Mobile, with access to interstates, major hospitals, and employers. Zoning is classified as mfr.

Key Highlights

  • 12 units with two bedrooms and one bath in every apartment
  • 9,744 square feet on 0.574 acres
  • At least 24 parking spaces for guests or tenants

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office HVAC Service Pharmacy 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

12
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

443
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
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

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 - Two-bedroom apartments feature spacious living rooms, kitchen dining areas, and access to parking for residents or guests.
Where is this apartment building located?
The property is located at 2508 Highland Drive Mobile, AL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 12 units with two bedrooms and one bath in every apartment; 9,744 square feet on 0.574 acres; At least 24 parking spaces for guests or tenants
More about this property
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