Historic Triplex with Rental
New
For Sale
$349,900
54 Houston Street, Mobile, AL 36606
Residential, Mobile, AL
Property Size1,972 SF
Lot Size0.23 Acres
Price / SF$177.43
Days on Market7
Property Features for 54 Houston Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SingleFamily
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Living Room, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 2
Parking
2
Parking features
Carport
Patio and Porch features
Porch
Fireplace
1
Appliances
Dishwasher, Refrigerator
Subdivision
Dauphin Place
Lot features
Less Than 1 Acre
Elementary school
Mobile Other Elementary
Middle school
Mobile-Other
High school
Mobile-Other High
Directions
Driving East on Dauphin Street take a right on Houston Street. The house is located a few blocks on the right.
Standard status
Active
APN
2907250008208XXX
Size
1,972 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
Lot 21, 22 Dauphin Place Dbk 102/27 #Sec 25 T4s R1w #Mp29 07 25 0 008
Tax Annual Amount
2095
Legal Description
Lot 21, 22 Dauphin Place Dbk 102/27 #Sec 25 T4s R1w #Mp29 07 25 0 008
Utilities
Utilities
Natural Gas Available
Heating system
Electric (Heating), Central
Cooling system
Electric
Building Details
Year built
1700
Flooring type
Tile, Wood
Roof type
Metal
Architectural style
Historical
Listing Agency:
Roberts Brothers TREC
(251) 344-9220
Listed By:
Kym R Trest · License #71637
(251) 377-8008
Added: Oct 8
Last Checked: Oct 14 at 4:06PM
MLS# 411754
Copyright © 2026 Baldwin 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.
A 1,972-square-foot historic residence with four bedrooms and two bathrooms occupies a 0.23-acre lot, alongside two rental apartments in the garage. The main home includes living and dining rooms, a laundry room, and a sunroom. Interior details include oak floors, high ceilings, built-in bookcases, fireplace mantles, crown molding, and a clawfoot tub. The downstairs apartment has a living room, bedroom, kitchen, and bathroom; the upstairs apartment includes a living room, two bedrooms, a bonus room, kitchen, and bathroom.
Updates include a metal roof and interior and exterior paint in 2022, HVAC in 2023, and crawl space encapsulation with a dehumidifier in 2024. The property also has an attached double carport, a porch, and natural gas availability.
Updates include a metal roof and interior and exterior paint in 2022, HVAC in 2023, and crawl space encapsulation with a dehumidifier in 2024. The property also has an attached double carport, a porch, and natural gas availability.
Key Highlights
- Three residential units: a four‑bedroom main home and two garage apartments
- Main residence contains 1,972 square feet on a 0.23‑acre lot
- Downstairs apartment has one bedroom; upstairs apartment has two bedrooms and a bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,621
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,420
$352.4K
Cap Rate 7%
$251,729
$251.7K
Cap Rate 9%
$195,789
$195.8K
Market Conditions
NOI Build-Up for 1,972 SF
Gross rent
$27.2K $13.80/SF
− Vacancy
−$2.0K −$1.04/SF
EGI
$25.2K $12.77/SF
− OpEx
−$7.6K −$3.83/SF
NOI
$17.6K $8.94/SF
Area
Mobile, AL
Vacancy
7.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,420
Cap Rate 7%
$251,729
Cap Rate 9%
$195,789
Alternative Uses
Best Use
Multifamily LT 5
$251.7K
$220.3K – $293.7K
NOI $17,621 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$233.4K
$204.3K – $272.4K
NOI $16,341 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$501.2K
$438.6K – $584.8K
NOI $35,085 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,007
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - The property pairs a four-bedroom residence with two separate garage apartments.
Where is this triplex located?
The property is located at 54 Houston Street Mobile, AL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Three residential units: a four‑bedroom main home and two garage apartments; Main residence contains 1,972 square feet on a 0.23‑acre lot; Downstairs apartment has one bedroom; upstairs apartment has two bedrooms and a bonus room
