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    Mobile County, AL Residential Income Properties for Sale

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    Mobile, AL Birmingham, AL Huntsville, AL Montgomery, AL Foley, AL Dothan, AL Tuscaloosa, AL Crane Hill, AL
    48 properties
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    3-Bedroom Condo in Gated Complex
    Updated: Jul 29, 2025
    3-Bedroom Condo in Gated Complex

    2901 Grant Street, Mobile, AL 36606

    $188,900
    1,828 sqft 4.37 AC lot
    3‑bedroom, 2.5‑bath condo in Midtown Mobile, built in 1974
    Open‑concept kitchen with breakfast bar, dining area, and den with a fireplace; separate living room
    Two oversized bedroom suites plus additional bedrooms and baths; flooring includes carpet, tile, and laminate
    Updated systems: HVAC replaced in January 2025; roof about 4 years old; windows replaced about 5 years ago with a transferrable lifetime warranty
    Appliances included: microwave, electric range, and refrigerator
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    This listing looks promising.

    Here's a quick look at some key insights for

    2901 Grant Street, Mobile, AL 36606

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    • Est. Cap Rate

      8%
      Above avg (5.9%)

    • Est. NOI

      $15K
      Annual

    • Price @ 7% Cap

      $216K
      Above asking

    • Property Type

      Condominium
      Built 1974
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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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    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 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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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    207 Michigan Avenue, Mobile, AL 36604

    $435,000
    5,911 sqft 0.13 AC lot

    Six-unit apartment building with four one-bedroom units and two studios, partially renovated with multiple recent upgrades.

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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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    Fourplex with Two-Bed Units
    Fourplex with Two-Bed Units

    18 Station Street, Saraland, AL 36571

    $495,000
    3,927 sqft

    Well-maintained fourplex offering four two-bedroom, 1.5-bath units with designated parking for each tenant.

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    Fully Occupied Four-Unit Apartment Building
    Fully Occupied Four-Unit Apartment Building

    8135 State Street, Citronelle, AL 36522

    $325,000
    1.52 AC lot

    Four occupied units with separate electric meters and month-to-month leases on a sizable lot.

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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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    Recently Remodeled Duplex
    Recently Remodeled Duplex

    1107 Montauk Avenue, Mobile, AL 36604

    $249,900
    2,186 sqft

    Remodeled duplex with two 2-bedroom, 1-bath units, shared laundry, and a fenced rear courtyard.

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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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    Duplex with Two Rented Units
    Duplex with Two Rented Units

    14165 River Oaks Drive, Coden, AL 36523

    $234,000
    1,890 sqft 0.49 AC lot

    Duplex in Coden offering two rented units, each with appliances conveying and front and back yards.

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    Affordable Multifamily LIHTC Community
    Affordable Multifamily LIHTC Community

    8730 University Rd, Bayou La Batre, AL 36509

    Contact for pricing
    58,875 sqft

    55-unit LIHTC multifamily community with clubhouse, business center, and playground amenities.

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    Commercial Land with Road Frontage
    Commercial Land with Road Frontage

    8970 Grand Bay-Wilmer Road S, Grand Bay, AL 36541

    $799,000
    2,320 sqft 2.14 AC lot

    2.14-acre commercial tract with 300+ feet of road frontage and an existing brick home for flexible use.

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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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    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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    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    8135 State Street, Citronelle, AL 36522

    $329,449
    1.50 AC lot

    Fully occupied four-unit property with separately metered electricity and month-to-month leases for flexible income management.

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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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    Mobile County, AL Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Mobile County, AL, showcased through 48 active listings on our real estate platform. These investment opportunities span a total of 106,765 square feet of properties for sale, with an estimated market value of $7,026,600.

    Sale prices for residential income properties in Mobile County, AL start at $114,900, averaging $501,900, 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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