205 State St Mobile, AL 36603
This exceptional 2,752 square foot property at 205 State Street in Mobile, Alabama, presents a unique investment opportunity. Originally designed as a four-plex, this all-brick building has been thoughtfully remodeled and currently functions as a dual-residence, offering significant flexibility. The first floor boasts four rooms, two storage closets, a laundry room, a kitchen featuring quartz countertops and beautiful cabinetry (including a refrigerator and microwave), a breakfast area, and a full bathroom. Upstairs, two bedrooms, two full bathrooms, a living/dining room, and a kitchenette (with refrigerator and countertop microwave, and quartz countertops) provide comfortable living space. The primary bedroom includes its own en-suite bathroom. Recent upgrades include composite decking on both front and back balconies (2023), a new aluminum spiral staircase on the back balcony for enhanced safety, and new LED lighting throughout. The property also features a tankless water heater. The entire lot is enclosed by brick, wrought iron, and aluminum fencing, preserving its historic Mobile charm. Enjoy the MoonPie Drop from the back balcony! The roof was replaced in 2017, with HVAC systems updated in 2021 (upstairs) and 2018 (downstairs). While currently all-electric, gas service is available. This prime downtown location offers convenient walking access to restaurants and entertainment. The .07-acre lot provides ample space. Potential uses include a mixed-use residential/office space, a single-family home with an in-law suite, or even an AirBnB. Buyers are responsible for verifying all information crucial to their purchase decision, including square footage, year built, utilities, insurance, and school districts.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.