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    Theodore, AL
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    Theodore, AL Multifamily Properties for Sale

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    Whistler, AL Chickasaw, AL Florence, AL Semmes, AL Saraland, AL Wilmer, AL Spanish Fort, AL Waterloo, AL
    25 properties
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    Historic Triplex with Rental Apartments
    Updated: Oct 8
    Historic Triplex with Rental Apartments

    54 Houston Street, Mobile, AL 36606

    $349,900
    1,972 sqft 0.23 AC lot
    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
    Metal roof and interior and exterior paint completed in 2022
    HVAC updated in 2023; crawl space encapsulated and dehumidifier added in 2024
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    9-Unit Apartment Building
    Updated: Mar 20
    9-Unit Apartment Building

    203 Mohawk Street, Mobile, AL 36606

    $799,000
    5,910 sqft 0.32 AC lot
    9‑unit apartment property with a mix of 1- and 2‑bedroom units, each with 1 bathroom
    Currently 100% occupied
    5,910 square feet on 0.3202 acres
    MultiFamily zoning with city water and city sewer service
    Window air‑conditioning units and all‑electric utilities
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    Two-Building Multifamily Property
    Two-Building Multifamily Property

    266 Rickarby Street, Mobile, AL 36606

    $399,750
    3,576 sqft 0.34 AC lot

    Occupied apartments feature hardwood flooring, window HVAC, and city water and sewer service.

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    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
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    Tenant-Occupied Duplex
    Tenant-Occupied Duplex

    19 Gulf Street, Mobile, AL 36611

    $164,900
    1,592 sqft

    Two one-bedroom residences offer separate living areas, screened porches, and existing rental occupancy.

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    Fully Leased Quadplex
    Fully Leased Quadplex

    1010 Dauphin Street, Mobile, AL 36604

    $510,000
    0.18 AC lot

    Four residences feature separate utility metering, central HVAC, and parking within a Midtown Mobile location.

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    9-Unit Apartment Building
    9-Unit Apartment Building

    203 Mohawk Street, Mobile, AL 36606

    $799,000
    0.32 AC lot

    Fully occupied residential property with mixed one- and two-bedroom layouts, electric service, and resident parking.

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    Six-Lot Mobile Home Park
    Six-Lot Mobile Home Park

    603-A Novatan Road N, Mobile, AL 36608

    $155,000
    2.90 AC lot

    Fenced mobile home park with septic infrastructure and additional capacity for three systems.

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    12-Unit Apartment Building
    12-Unit Apartment Building

    2508 Highland Dr, Mobile, AL 36617

    $225,000
    9,744 sqft

    Each residence offers a two-bedroom, one-bath layout, with renovation work underway across the property.

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    Two-Building Six-Unit Apartment Property
    Two-Building Six-Unit Apartment Property

    266 Rickarby Street, Mobile, AL 36606

    $399,750
    0.34 AC lot

    Fully leased apartments offer hardwood flooring, window HVAC units, and public water and sewer service.

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    Duplex with Bonus Spaces
    Duplex with Bonus Spaces

    552 Glenwood Street, Mobile, AL 36606

    $239,000
    0.11 AC lot

    Two residential units include adaptable areas that can serve as additional living space or third bedrooms.

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    Multifamily Property
    Multifamily Property

    266 Rickarby Street, Mobile, AL 36606

    $399,750
    3,576 sqft

    A multistory residential building with window-unit cooling.

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    Occupied Triplex with Tenant Laundry
    Occupied Triplex with Tenant Laundry

    122 Glenwood Street, Mobile, AL 36606

    $330,000
    0.22 AC lot

    Tenant-occupied property with dedicated laundry access and driveway parking.

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    12-Unit Apartment Building
    12-Unit Apartment Building

    2508 Highland Drive, Mobile, AL 36617

    $225,000

    Each residence has two bedrooms, one bathroom, a living room, and a kitchen with dining space.

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    6-Lot Mobile Home Park
    6-Lot Mobile Home Park

    603 Novatan N Road, Mobile, AL 36608

    $155,000
    3.00 AC lot

    Fenced park with existing trailers, septic infrastructure, and a rural setting adjoining a farm and undeveloped acreage.

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    Waterfront RV Resort Site
    Waterfront RV Resort Site

    11551 Dauphin Island Parkway, Theodore, AL 36582

    $169,000

    Presidential waterfront site with a gazebo, added parking, and access to resort amenities.

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

    603 Mohawk Street, Mobile, AL 36606

    $90,000
    0.15 AC lot

    Vinyl-sided duplex with separate living units, central heating, and public water and sewer service.

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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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    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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    Two-Unit Duplex with Separate Metering
    Two-Unit Duplex with Separate Metering

    116 Glenwood St, Mobile, AL 36606

    $280,000

    Two vacant residences offer distinct layouts, private laundry areas, and separately metered utilities.

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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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    Renovated 32-Unit Apartment Community
    Renovated 32-Unit Apartment Community

    2901 Pleasant Valley Rd, Mobile, AL 36606

    $2,080,000

    Turnkey 32-unit multifamily offers newly renovated one-bedroom units with updated LVP flooring and fixtures.

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    Canal-Front RV Park Lot
    Canal-Front RV Park Lot

    11551 Dauphin Island Parkway, Theodore, AL 36582

    $80,000
    0.08 AC lot

    Upgraded recreational vehicle site with a concrete pad and water views.

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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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    Gated RV and Tiny Home Community Lot
    Gated RV and Tiny Home Community Lot

    11551 Dauphin Island Pkwy, Theodore, AL 36582

    $134,900

    Gated community lot with resort-style amenities, access to the Fowl River, and a private tree line backdrop.

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    Theodore, AL Multifamily Properties Market Trends and Statistics

    Explore 27 multifamily properties for sale in Theodore, AL, showcased through 25 active listings on our real estate platform. These investment opportunities span a total of 138,875 square feet of properties for sale, with an estimated market value of $13,183,950.

    Sale prices for multifamily properties in Theodore, AL start at $80,000, averaging $599,270, and reaching up to $4,500,000 — 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 3

    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 $128K

    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)

    Property Size Breakdown

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

    How Realmo verifies these figures

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    Browse Multifamily properties for Sale Near Theodore, AL

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    Most Searched ZIP Codes in Theodore, AL

    • 36606
    • 36608
    • 36582
    • 36617
    • 36604
    • 36605
    • 36607
    • 36611
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