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    Theodore, AL Multifamily Properties for Sale

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    Eight Mile, AL Chickasaw, AL Florence, AL Semmes, AL Saraland, AL Wilmer, AL Spanish Fort, AL Waterloo, AL
    30 properties
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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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    Six-Unit Apartment Buildings
    Updated: Mar 20
    Six-Unit Apartment Buildings

    266 Rickarby Street, Mobile, AL 36606

    $600,000
    3,576 sqft 0.34 AC lot
    Six fully occupied apartments across two separate three‑unit buildings
    Unit mix includes four 2‑bedroom, 1‑bath apartments and two 1‑bedroom, 1‑bath apartments
    3,576 square feet on 0.3398 acres
    Located at 264 and 266 Rickarby Street, just south of Government Street
    Gas, electricity, city water, and city sewer service
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    Renovated Six-Unit Apartment Building
    Renovated Six-Unit Apartment Building

    1300 Illinois Street, Mobile, AL 36604

    $600,000
    2,666 sqft 0.16 AC lot

    Multifamily property combining furnished short-term rentals, long-term tenancy, and a coin-operated laundry facility.

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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

    $519,539
    0.18 AC lot

    Four-unit property with separate utility metering, central HVAC, and recent building-system upgrades.

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

    266 Rickarby Street, Mobile, AL 36606

    $600,000
    0.34 AC lot

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

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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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    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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    Remodeled 5-Unit Apartment Building
    Remodeled 5-Unit Apartment Building

    104 N Ann Street, Mobile, AL 36604

    $875,000
    0.43 AC lot

    Updated interiors feature high ceilings, stone countertops, and multiple flooring finishes.

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

    11551 Dauphin Island Parkway, Theodore, AL 36582

    $161,500
    0.08 AC lot

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

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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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    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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    R-3 Multifamily Property
    R-3 Multifamily Property

    3026 Cottage Hill Rd, Mobile, AL 36606

    Contact for pricing
    2,700 sqft 0.35 AC lot

    R-3 zoning supports multifamily use at this established Cottage Hill Road location.

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    Presidential Waterfront RV Resort Site
    Presidential Waterfront RV Resort Site

    11551 Dauphin Island Parkway, Theodore, AL 36582

    $169,000

    Presidential Unit 23 at Paradise Found RV Resort with river-front views, added parking, and a gazebo for entertaining.

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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

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

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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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    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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    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

    $55,000

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

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    Student Housing Cottages Community
    Student Housing Cottages Community

    100 Long St, Mobile, AL 36608

    Contact for pricing

    Newly constructed, gated cottage community with 27 two-story houses offering 82 bedrooms across 2, 3, and 4-bedroom layouts.

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    Class A Apartment Building
    Class A Apartment Building

    1400 Church St, Mobile, AL 36604

    Contact for pricing

    Six-unit property with hardwood floors and finished interiors near coffee, shopping, dining, and downtown Mobile.

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    12-Unit Apartment Building
    12-Unit Apartment Building

    55 East Dr, Mobile, AL 36608

    Contact for pricing

    Updated interiors and on-site parking support a compact apartment community across from the University of South Alabama.

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    Theodore, AL Multifamily Properties Market Trends and Statistics

    Explore 32 multifamily properties for sale in Theodore, AL, showcased through 30 active listings on our real estate platform. These investment opportunities span a total of 128,949 square feet of properties for sale, with an estimated market value of $9,400,939.

    Sale prices for multifamily properties in Theodore, AL start at $55,000, averaging $552,996, and reaching up to $2,080,000 — 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 4

    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 $165.3K

    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

    • 36606
    • 36604
    • 36608
    • 36582
    • 36605
    • 36607
    • 36609
    • 36611

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