Midtown Investment
266 Rickarby Street, Mobile, AL 36606
Two buildings with six fully leased units in Midtown Mobile.
Type:Multi Family
Property size:
3,576 SFPrice / SF:
$167/SF- Added:
- Mar 24, 2026
- Days on Market:
- 72
- 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
Listing agent Melissa Morrissette License #76258 (251) 709-4736
Listing office L L B & B, Inc. (251) 709-4736
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.
HighLights
- 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.
- Unit mix includes four 2‑bedroom, 1‑bath and two 1‑bedroom, 1‑bath apartments.
- Strong rental location close to shopping, dining, and downtown Mobile.
- Current rents range from $500 to $800 per month, with one unit participating in Section 8.
Overview
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
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.084301
- Latitude
- 30.6755377
Nearby Similar for Sale
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.
