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    Theodore, AL
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    Theodore, 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
    34 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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    Two-Building Apartment Investment
    Updated: Mar 20
    Two-Building Apartment Investment

    266 Rickarby Street, Mobile, AL 36606

    $600,000
    3,576 sqft 0.34 AC lot
    Two separate 3‑unit apartment buildings at 264 and 266 Rickarby Street
    Six fully occupied units with rents ranging from $500 to $800 per month; one unit participates in Section 8
    Unit mix: four 2‑bedroom, 1‑bath apartments and two 1‑bedroom, 1‑bath apartments
    Each unit has hardwood floors and window HVAC units for heating and cooling
    Utilities include gas, electricity, city water, and city sewer
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    Midtown 9-Unit Apartment Complex
    Midtown 9-Unit Apartment Complex

    203 Mohawk Street, Mobile, AL 36606

    $799,000
    5,910 sqft 0.32 AC lot

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

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    Six-Unit Apartment Income Building
    Six-Unit Apartment Income Building

    207 Michigan Avenue, Mobile, AL 36604

    $445,000
    5,911 sqft 0.13 AC lot

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

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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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    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 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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    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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    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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    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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    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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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    207 Michigan Avenue, Mobile, AL 36604

    $445,000
    0.14 AC lot

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

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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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    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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    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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    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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    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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    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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    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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    Midtown Mobile Ten-Unit Apartment Complex
    Midtown Mobile Ten-Unit Apartment Complex

    302 Michigan Avenue, Mobile, AL 36604

    $715,000

    Updated ten-unit apartment complex near Downtown Mobile.

    View details

    Theodore, AL Multifamily Properties Market Trends and Statistics

    Explore 36 multifamily properties for sale in Theodore, AL, showcased through 34 active listings on our real estate platform. These investment opportunities span a total of 94,183 square feet of properties for sale, with an estimated market value of $5,367,800.

    Sale prices for multifamily properties in Theodore, AL start at $249,900, averaging $536,780, 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

    Mobile home & RV parks 2

    Demographics Overview

    Population 24K
    Population Growth (5Y) -3.3%
    Median Household Income $61,498
    College Educated 13.6%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    36582 $267.1K

    Taxes & Financing

    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 Theodore fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Theodore, AL

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

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