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Midtown Mobile Multifamily Investment

266 Rickarby Street Mobile, AL 36606

266 Rickarby Street, Mobile, AL, 36606
$600,000
For Sale
$600,000

MULTI_FAMILY - Mobile, AL

Lot Size0.34 Acres
Days on Market120

Property Features for 266 Rickarby Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking
6
Parking features
Driveway
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.
Mobile, AL
Listed by Melissa Morrissette · License #76258
Added: Mar 20 Checked: Jul 17 at 12:06 am
MLS# 7734201 Listing URL

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.

Located in Midtown Mobile, the property at 266 Rickarby Street features two separate 3-unit apartment buildings situated at 264 and 266 Rickarby Street. The property is located just south of Government Street, providing convenient access to major thoroughfares. The property consists of 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. The property is located just off Government Street and close to the Loop, offering easy access to shopping, dining, and major routes throughout the city, and is just minutes from downtown Mobile. The lot size is 0.3398 acres.

Key Highlights

  • Immediate Rental Income: Six fully occupied units provide instant cash flow.
  • Convenient Midtown Location: Easy access to Government Street, major thoroughfares, shopping, dining, and downtown Mobile.
  • Two Separate Buildings: Includes two 3‑unit apartment buildings on one property.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Dental Office HVAC Service Building Supply Skin Care Clinic Bakery Grocery & Convenience Store Gym & Fitness Center Real Estate Agency Electrical Service (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Apartment building - Six-unit apartment buildings in Midtown Mobile with immediate rental income.
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: Immediate Rental Income: Six fully occupied units provide instant cash flow.; Convenient Midtown Location: Easy access to Government Street, major thoroughfares, shopping, dining, and downtown Mobile.; Two Separate Buildings: Includes two 3‑unit apartment buildings on one property.
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