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    Mobile, AL Multifamily Properties for Sale

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    Talladega, AL Eight Mile, AL Chickasaw, AL
    41 results
    Two Triplex Buildings
    $600,000
    3,576 SF
    Two Triplex Buildings

    266 Rickarby Street, Mobile, AL 36606

    Two 3-unit apartment buildings with six leased units, offering 1- and 2-bedroom layouts and window HVAC.
    • Two separate 3‑unit apartment buildings at 264 and 266 Rickarby St (266 Rickarby St listed).
    • All 6 units are fully occupied and currently leased; rents range from $500 to $800 per month.
    • Unit mix: four 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units; one unit participates in Section 8.
    • Each unit has hardwood floors and window HVAC units for heating and cooling.
    • Utilities: gas, electricity, city water, and city sewer.
    Updated: Mar 20
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    Renovated High-Income Apartment Building
    $600,000
    2,666 SF
    Renovated High-Income Apartment Building

    1300 Illinois Street, Mobile, AL 36604

    Six-unit building with short-term and long-term rental income.
    • High‑income producing six‑unit apartment building with diversified income stream.
    • Significant capital improvements completed in 2024: new roofs, updated electrical, plumbing, flooring, appliances, HVAC, and water heaters.
    • Professionally managed, generating average gross rents over $7,000 per month.
    • Near full occupancy in short‑term rental units and reliable long‑term tenants.
    • Located in an area experiencing substantial growth and investment.
    Updated: Mar 6
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    Midtown 9-Unit Apartment Complex
    $799,000
    5,910 SF
    Midtown 9-Unit Apartment Complex

    Nine-unit residential income property with 1- and 2-bedroom units, all electric systems, and on-site resident parking.

    203 Mohawk Street, Mobile, AL 36606

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    New Construction Duplex in Mobile
    $379,000
    1,000 SF
    New Construction Duplex in Mobile

    New construction duplex with modern finishes, ideal for investors.

    3475 Denmark Road, Mobile, AL 36618

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    Six-Unit Apartment Income Building
    $445,000
    5,911 SF
    Six-Unit Apartment Income Building

    A partially renovated six-unit building with a mix of long-term and short-term rental layouts.

    207 Michigan Avenue, Mobile, AL 36604

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    Midtown Mobile Multifamily Investment
    $600,000
    0.34 Acres
    Midtown Mobile Multifamily Investment

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

    266 Rickarby Street, Mobile, AL 36606

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    Midtown Mobile Apartment Complex
    $715,000
    0.24 Acres
    Midtown Mobile Apartment Complex

    Updated ten-unit apartment complex near Downtown Mobile.

    302 Michigan Avenue, Mobile, AL 36604

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    Renovated Multifamily Investment Opportunity
    $600,000
    0.17 Acres
    Renovated Multifamily Investment Opportunity

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

    1300 Illinois Street, Mobile, AL 36604

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    Midtown Mobile Multifamily Investment
    $799,000
    0.32 Acres
    Midtown Mobile Multifamily Investment

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

    203 Mohawk Street, Mobile, AL 36606

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    Updated 5-Unit Studio Complex
    $350,000
    0.12 Acres
    Updated 5-Unit Studio Complex

    Updated 5-unit studio complex in Mobile, Alabama.

    659 Maple Street, Mobile, AL 36603

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    Six-Unit Apartment Building
    $445,000
    0.14 Acres
    Six-Unit Apartment Building

    Partially renovated six-unit property with five long-term rentals and one short-term rental unit.

    207 Michigan Avenue, Mobile, AL 36604

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    Income Property in Mobile, AL
    $239,000
    0.11 Acres
    Income Property in Mobile, AL

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

    552 Glenwood Street, Mobile, AL 36606

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    Income-Producing Triplex in Midtown Mobile
    $330,000
    0.22 Acres
    Income-Producing Triplex in Midtown Mobile

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

    122 Glenwood Street, Mobile, AL 36606

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    Six-Unit Apartment Building on Michigan
    $475,000
    5,911 SF
    Six-Unit Apartment Building on Michigan

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

    207 Michigan Avenue, Mobile, AL 36604

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    Midtown Investment Opportunity
    $600,000
    3,576 SF
    Midtown Investment Opportunity

    Two buildings with six fully leased units in Midtown Mobile.

    266 Rickarby Street, Mobile, AL 36606

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    Newer Duplex Near University
    $500,000
    4,112 SF
    Newer Duplex Near University

    Well-maintained duplex with income potential near the University.

    6056 Sussex Drive, Mobile, AL 36608

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    Renovated Income-Producing Apartment Building
    $600,000
    Renovated Income-Producing Apartment Building

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

    1300 Illinois Street, Mobile, AL 36604

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    Renovated Duplex in Midtown Mobile
    $235,249
    0.13 Acres
    Renovated Duplex in Midtown Mobile

    Turnkey duplex with modern upgrades in the heart of Midtown.

    377 Tuttle Avenue, Mobile, AL 36604

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    Midtown Mobile Ten-Unit Apartment Complex
    $715,000
    Midtown Mobile Ten-Unit Apartment Complex

    Updated ten-unit apartment complex near Downtown Mobile.

    302 Michigan Avenue, Mobile, AL 36604

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    New Construction Duplex Investment Opportunity
    $379,000
    1,000 SF
    New Construction Duplex Investment Opportunity

    New construction duplex in Mobile, AL, ideal for investors.

    3475 Denmark Road, Mobile, AL 36618

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    Mobile Multifamily Investment Opportunity
    $183,200
    0.60 Acres
    Mobile Multifamily Investment Opportunity

    Multifamily property near downtown Mobile with income and appreciation potential.

    1561 Illinois Street, Mobile, AL 36604

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    Midtown Mobile Duplex Opportunity
    $209,900
    2,337 SF
    Midtown Mobile Duplex Opportunity

    2,337 sqft duplex in Midtown Mobile with rental potential.

    111 N Julia Street, Mobile, AL 36604

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    Income Property with Rental Potential
    $239,000
    Income Property with Rental Potential

    Income property ideal for first-time investors with rental income.

    552 Glenwood Street, Mobile, AL 36606

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    Midtown Duplex with Rental Income
    $165,000
    1,413 SF
    Midtown Duplex with Rental Income

    Midtown duplex, ideal for rental income or owner-occupancy.

    1005 Oak Street, Mobile, AL 36604

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    Mobile, AL Multifamily Properties Investment Opportunities Market Analysis

    Explore 72 multifamily properties for sale in Mobile, AL, showcased through 41 active listings on our real estate platform. These investment opportunities span a total of 96,412 square feet of properties for sale, with an estimated market value of $5,880,900.

    Sale prices for multifamily properties in Mobile, AL start at $165,000, averaging $490,075, 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

    Apartment buildings 18
    Duplexes 11
    Short term rental properties 11
    Triplexes 4
    Quadplexes 3

    Property Size Breakdown

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

    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 median listing prices of real estate assets

    Neighborhood Average Price
    36610 $120K
    36618 $379K
    36604 $386.4K
    36606 $515.9K
    36603 $566.3K

    Taxes & Financing

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

    Listings Trend

    Total CRE Area on Market Trend

    Average Price per SF — Office

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    Most Searched ZIP Codes in Mobile, AL

    • 36604
    • 36606
    • 36608
    • 36582
    • 36603
    • 36618
    • 36605
    • 36607
    • 36610

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