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Two-Building Six-Unit Apartment Property
For Sale
$600,000

266 Rickarby Street, Mobile, AL 36606

Residential Income, Mobile, AL

Property SizeContact for details
Lot Size0.34 Acres
Days on Market165

Property Features for 266 Rickarby Street

General Information

Property type Residential Multi Family
Property subtype Other
Parking 6
Parking features Driveway
Subdivision Muth's
Lot features Level
View City
Elementary school Leinkauf
Middle school Lillie B Williamson
High school Lillie B Williamson
Standard status Active
APN 2910282001032
Lot size 0.34 Acres

Taxes and HOA fees

Tax Annual Amount 1080

Utilities

Utilities Water Available
Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Window Unit(s)
Water source Public

Building Details

Floors in Building 2
Number of units 6
Flooring type Hardwood
Building materials Stone
Roof type Composition
Listing Agency: L L B & B, Inc.
Listed By: Melissa Morrissette · License #76258
Added: Mar 20 Changed: Aug 19 Last Checked: Aug 31 at 11:06AM
MLS# 7734201

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 multifamily property includes two separate three-unit apartment buildings at 264 and 266 Rickarby Street. The six-unit configuration comprises four two-bedroom, one-bath apartments and two one-bedroom, one-bath apartments. Each unit has hardwood flooring and window HVAC units. The buildings occupy 0.3398 acres and are served by gas, electricity, city water, and city sewer, with driveway parking and composition roofs.

The property sits just south of Government Street in Mobile, near the Loop and within minutes of downtown Mobile. Shopping, dining, and major routes are accessible from the site. All six apartments are currently leased, including one unit participating in the Section 8 program.

Key Highlights

  • Two separate three‑unit apartment buildings at 264 and 266 Rickarby Street
  • Six fully occupied units: four 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units
  • 0.3398‑acre property with driveway parking

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office HVAC Service Building Supply Skin Care Clinic Bakery Grocery & Convenience Store

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
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

752
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully leased apartments offer hardwood flooring, window HVAC units, and public water and sewer service.
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: Two separate three‑unit apartment buildings at 264 and 266 Rickarby Street; Six fully occupied units: four 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units; 0.3398‑acre property with driveway parking
More about this property
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