Midtown Mobile Multifamily
For Sale
$600,000
266 Rickarby Street, Mobile, AL 36606
MULTI_FAMILY - Mobile, AL
Property SizeContact for details
Lot Size0.34 Acres
Days on Market139
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.
(251) 342-3200
Listed By:
Melissa Morrissette · License #76258
(251) 709-4736
Added: Mar 20
Changed: May 14
Last Checked: Aug 5 at 4:06PM
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.
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
Current Use
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
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.
