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266 Rickarby Street Mobile, AL 36606

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For Sale
$600,000

Two buildings with six fully leased units in Midtown Mobile.

Type:Multi Family
Property size:
3,576 SF
Added:
Mar 24, 2026
Days on Market:
26
Last Refresh:
Apr 7 at 8:33 pm

Property Features for 266 Rickarby Street

General Information

Standard status
Active
Size
3,576 SF
Property subtype
Multi Family

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Listing Contact
Melissa Morrissette
Melissa Morrissette

Listing agent Melissa Morrissette License #76258

Listing office L L B & B, Inc.

Listing date Mar 24, 2026

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of L L B & B, Inc.


Overview

Midtown Investment Opportunity

Located in Midtown, this investment opportunity at 266 Rickarby Street features two separate 3-unit apartment buildings situated just south of Government Street, providing convenient access to major thoroughfares. The property comprises six fully occupied units, offering immediate rental income. The unit mix includes four 2-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments. Each unit is equipped with hardwood floors and window HVAC units for heating and cooling. The property is serviced by gas, electricity, city water, and city sewer. All apartments are currently leased, with rents ranging from $500 to $800 per month, and one unit participating in the Section 8 program. Located close to the Loop, the property offers easy access to shopping, dining, and major routes throughout the city, and is just minutes from downtown Mobile. With two buildings, six fully leased units, and a strong rental location, this property presents an opportunity for investors seeking a stable, income-producing asset. The property size is 3576 square feet.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Mobile
County
Mobile
State
Alabama
Longitude
-88.084301
Latitude
30.6755377

FAQs

What type of property is this?
Apartment building - Two buildings with six fully leased units in Midtown Mobile.
Where is this apartment building located?
The property is located at 266 Rickarby Street Mobile, AL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Six fully occupied units providing immediate rental income.; Convenient Midtown location with easy access to Government Street and major thoroughfares.; Two separate 3‑unit apartment buildings included in the sale.
More about this property
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