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Wakefield Apartments
For Sale
Contact for pricing
Pending

561 Village Green Dr E, Mobile, AL 36609

Garden-style community with two-bedroom, two-bath residences in Mobile.

Property SizeContact for details
Days on Market143

Property Features for 561 Village Green Dr E

General Information

Standard status Pending
Property subtype Multifamily

Units

Unit Mix 48 x 2BR/2BA
Multifamily Units 48

Building Details

Year Built 1979
Construction garden-style
Listing Agency: VULCAN GROUP
Listed By: Steve Nunnelley · License #AL 000117995 - 1
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 31 at 5:51AM

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 VULCAN GROUP

Investment Insights

Based on property information with market context.

Wakefield Apartments is a 48-unit garden-style multifamily property in Mobile, Alabama. Constructed in 1979, the community comprises residences with two bedrooms and two bathrooms, averaging 880 SF each. The apartment configuration provides a consistent unit mix across the property.

The property is located in Mobile, within the Mobile Metropolitan Statistical Area, which includes Mobile County. Downtown Mobile offers retail and dining destinations, while the broader area has employment concentrations in aviation and aerospace, chemical manufacturing, shipbuilding, health care, and logistics. The Port of Mobile is also identified as a major regional employment driver. Dauphin Island’s beaches are approximately 30 minutes away, and Meaher State Park and Gulf State Park are each less than an hour’s drive from most of the metro area.

Key Highlights

  • 48‑unit multifamily property in Mobile, Alabama
  • All units offer two bedrooms and two bathrooms
  • Average unit size of 880 SF

Property Analytics

Current Use

Wakefield Apartments Apartment Building

Suggested Use

Top Pick Bakery Cafe & Coffee Shop Parking Lot & Garage Veterinary Clinic (Bike/Boat/Book/etc) Store Acupuncture

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

48
Residential units

Location Intelligence

Trade Area within ½ mile

671
Businesses Nearby

Demographics for 36609, AL

24,265
Population
12,701
Households
1.9
Avg Household Size
35
Median Age
34%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
3,622
Density / Sq Mi
$49,724
Median Household Income
$36,458
Median Earnings
$1,072
Median Rent
$201,800
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 - Garden-style community with two-bedroom, two-bath residences in Mobile.
Where is this apartment building located?
The property is located at 561 Village Green Dr E Mobile, AL.
What are key features of this property?
This property features: 48‑unit multifamily property in Mobile, Alabama; All units offer two bedrooms and two bathrooms; Average unit size of 880 SF
More about this property
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