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    Mobile, AL
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    Mobile, AL Multifamily Properties for Sale

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    Talladega, AL Eight Mile, AL Slidell, LA Chickasaw, AL Spanish Fort, AL Semmes, AL Saraland, AL Wilmer, AL
    36 properties
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    Recently Remodeled Duplex
    Updated: Jul 2
    Recently Remodeled Duplex

    1107 Montauk Avenue, Mobile, AL 36604

    $249,900
    2,186 sqft
    Remodeled 2,186 SF duplex built in 1978 with two units and a total of 4 bedrooms and 2 bathrooms
    Each unit features 2 bedrooms, 1 bathroom, a kitchen, and access to a shared laundry area
    Recent updates include paint, vinyl plank flooring, and an updated kitchen
    Second‑floor HVAC system replaced within the last three years
    Shared rear fenced brick courtyard with a new rear privacy fence
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    This listing looks promising.

    Here's a quick look at some key insights for

    1107 Montauk Avenue, Mobile, AL 36604

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    • Est. Cap Rate

      7.8%
      Above avg (5.9%)

    • Est. NOI

      $20K
      Annual

    • Price @ 7% Cap

      $279K
      Above asking

    • Property Type

      Duplex
      Built 1978
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    Midtown 9-Unit Apartment Complex
    Updated: Mar 20
    Midtown 9-Unit Apartment Complex

    203 Mohawk Street, Mobile, AL 36606

    $799,000
    5,910 sqft 0.32 AC lot
    9‑unit apartment complex built in 1945, with a mix of 1- and 2‑bedroom units
    Currently 100% occupied with monthly rents reported at $600 to $800 per unit
    All‑electric units with window air‑conditioning units
    City water and city sewer service
    Each unit includes a stove and refrigerator, except one unit where the refrigerator belongs to the tenant
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    Two-Building Apartment Investment
    Two-Building Apartment Investment

    266 Rickarby Street, Mobile, AL 36606

    $600,000
    3,576 sqft 0.34 AC lot

    Two 3-unit apartment buildings with six fully occupied units, including 2- and 1-bedroom layouts.

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    Renovated Six-Unit Multifamily Property
    Renovated Six-Unit Multifamily Property

    1300 Illinois Street, Mobile, AL 36604

    $600,000
    2,666 sqft

    Renovated six-unit building with a mix of furnished short-term and long-term rentals plus coin-operated laundry income.

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    Midtown Investment Opportunity
    Midtown Investment Opportunity

    266 Rickarby Street, Mobile, AL 36606

    $600,000
    3,576 sqft

    Two buildings with six fully leased units in Midtown Mobile.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    207 Michigan Avenue, Mobile, AL 36604

    $435,000
    5,911 sqft 0.13 AC lot

    Six-unit apartment building with four one-bedroom units and two studios, partially renovated with multiple recent upgrades.

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    Fully Leased Quadplex Investment
    Fully Leased Quadplex Investment

    1010 Dauphin Street, Mobile, AL 36604

    $549,569
    0.18 AC lot

    Stabilized quadplex with four executed leases and separate metering, plus recent roof and sewer line improvements.

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    Midtown Mobile Multifamily Investment
    Midtown Mobile Multifamily Investment

    266 Rickarby Street, Mobile, AL 36606

    $600,000
    0.34 AC lot

    Six-unit apartment buildings in Midtown Mobile with immediate rental income.

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    Six-Unit Apartment Building on Michigan
    Six-Unit Apartment Building on Michigan

    207 Michigan Avenue, Mobile, AL 36604

    $475,000
    5,911 sqft

    Six-unit apartment building with income potential near Mobile International Airport.

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    Two-Story Duplex with Workshop
    Two-Story Duplex with Workshop

    6980 Laverne Drive S, Mobile, AL 36618

    $198,000
    0.42 AC lot

    Two-unit duplex with separate kitchens, plus a large workshop and garage, currently leased through February 2027.

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    Renovated Multifamily Investment Opportunity
    Renovated Multifamily Investment Opportunity

    1300 Illinois Street, Mobile, AL 36604

    $600,000
    0.17 AC lot

    High-income producing six-unit apartment building with diversified income streams.

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    Midtown Mobile Multifamily Investment
    Midtown Mobile Multifamily Investment

    203 Mohawk Street, Mobile, AL 36606

    $799,000
    0.32 AC lot

    Nine-unit apartment complex in Midtown Mobile, fully occupied.

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    Income Property in Mobile, AL
    Income Property in Mobile, AL

    552 Glenwood Street, Mobile, AL 36606

    $239,000
    0.11 AC lot

    Income-generating duplex with renovated units and new privacy fence.

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    Newer Duplex Near University
    Newer Duplex Near University

    6056 Sussex Drive, Mobile, AL 36608

    $500,000
    4,112 sqft

    Well-maintained duplex with income potential near the University.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    207 Michigan Avenue, Mobile, AL 36604

    $435,000
    0.14 AC lot

    Six-unit apartment building with five long-term rentals and one short-term rental, featuring partial renovations and unit updates.

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    Income-Producing Triplex in Midtown Mobile
    Income-Producing Triplex in Midtown Mobile

    122 Glenwood Street, Mobile, AL 36606

    $330,000
    0.22 AC lot

    Fully occupied triplex in desirable midtown location, close to downtown.

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    Fully Occupied 34-Unit Apartment Community
    Fully Occupied 34-Unit Apartment Community

    6601 Old Shell Rd, Mobile, AL 36608

    Contact for pricing
    32,300 sqft

    Built in 1973, this fully occupied 34-unit multifamily property offers consistent two-bedroom, one-bath units.

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    Multi-Family Quadplex for Sale
    Multi-Family Quadplex for Sale

    1561 Illinois Street, Mobile, AL 36604

    $161,000
    0.60 AC lot

    Quadplex on a 0.6-acre lot in Mobile’s established residential corridor.

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    Ideal Corner Site on Springhill Ave 59,000+ - SF For Sale
    Ideal Corner Site on Springhill Ave 59,000+ - SF For Sale

    2851 SpringHill Ave, Mobile, AL 36607

    $699,000
    59,000 sqft 1.36 AC lot

    Ideal Corner Site on Springhill Ave 59,000+ - SF For Sale

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    Waterfront RV Resort Site
    Waterfront RV Resort Site

    11551 Dauphin Island Parkway, Theodore, AL 36582

    $169,000

    Oversized waterfront RV site with added parking and a gazebo, positioned within Paradise Found RV Resort amenities.

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    Renovated Multifamily Property in Mobile
    Renovated Multifamily Property in Mobile

    2219 Dauphin Island Pkwy, Mobile, AL 36605

    Contact for pricing
    21,120 sqft

    32-unit apartment building with 100% occupancy in Mobile, AL.

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    Two-Unit Duplex with Storage
    Two-Unit Duplex with Storage

    603 Mohawk Street, Mobile, AL 36606

    $110,000
    0.15 AC lot

    Duplex features a 3-bedroom/1-bath front unit and a 1-bedroom/1-bath back unit with storage underneath.

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    Renovated Income-Producing Apartment Building
    Renovated Income-Producing Apartment Building

    1300 Illinois Street, Mobile, AL 36604

    $600,000

    Six-unit apartment building with short-term and long-term rental income.

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    New Student Housing Community
    New Student Housing Community

    6640 Old Shell Rd |, Mobile, AL 36608

    Contact for pricing
    85 sqft

    Purpose-built student housing community near the University of South Alabama.

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    Mobile, AL Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Mobile, AL, showcased through 36 active listings on our real estate platform. These investment opportunities span a total of 92,848 square feet of properties for sale, with an estimated market value of $4,957,900.

    Sale prices for multifamily properties in Mobile, AL start at $249,900, averaging $550,877, and reaching up to $799,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 17
    Duplexes 9
    Short term rental properties 6
    Triplexes 3
    Mobile home & RV parks 2

    Demographics Overview

    Population 279K
    Population Growth (5Y) -6.1%
    Median Household Income $56,578
    College Educated 16.3%

    High-Yield Neighborhoods for Investment

    Identify Mobile submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    36610 $120K
    36603 $350K
    36618 $379K
    36604 $379.6K
    36606 $515.9K

    Taxes & Financing

    Tax Rate (average for all types) 5.67%
    Property Tax per SF $96.49 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Mobile County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Mobile County

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Mobile fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Mobile, AL

    • 36604
    • 36606
    • 36608
    • 36582
    • 36603
    • 36605
    • 36607
    • 36618

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