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    Theodore, AL
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    Theodore, AL Residential Income 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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    See what stands out in Mobile County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Residential Income Property with Fireplace
    Residential Income Property with Fireplace

    304-2901 Grant Street, Mobile, AL 36606

    $169,179
    1,828 sqft

    Three-bedroom condominium with community recreation amenities, flexible living areas, and updated major systems.

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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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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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    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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    Renovated Apartment Building
    Renovated Apartment Building

    1300 Illinois Street, Mobile, AL 36604

    $600,000
    0.17 AC lot

    Furnished short-term rentals and traditional leases create a diversified residential operating profile.

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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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    Residential Income Property with Balcony
    Residential Income Property with Balcony

    1602 Government Street 1B, Mobile, AL 36604

    $134,900
    632 sqft

    Condo residence with period character, updated conveniences, and access to Midtown dining, coffee shops, and grocery shopping.

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    Duplex with Detached Garage
    Duplex with Detached Garage

    1900 Clinton Avenue, Mobile, AL 36617

    $163,000
    0.23 AC lot

    Two occupied living spaces include a main residence and an above-garage ADU.

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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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    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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    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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    Occupied Three-Unit Triplex
    Occupied Three-Unit Triplex

    122 Glenwood Street, Mobile, AL 36606

    $330,000
    0.22 AC lot

    Tenant-occupied triplex with private laundry access and driveway parking in Mobile’s Midtown area.

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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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    Commercial Sale, Mobile, AL
    Commercial Sale, Mobile, AL

    5930 Joyce Avenue N, Mobile, AL 36613

    $279,000
    1,304 sqft 6.90 AC lot

    Commercial land · 1,304 SF

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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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    Land on Cottage Hill Road
    Land on Cottage Hill Road

    5654 Cottage Hill Road, Mobile, AL 36609

    $650,000
    2.25 AC lot

    2.25-acre commercial land with road frontage in Mobile, Alabama.

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

    603 Mohawk Street, Mobile, AL 36606

    $100,000
    0.15 AC lot

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

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    Theodore, AL Residential Income Properties Market Trends and Statistics

    Explore 37 residential income properties for sale in Theodore, AL, showcased through 30 active listings on our real estate platform. These investment opportunities span a total of 131,495 square feet of properties for sale, with an estimated market value of $15,809,918.

    Sale prices for residential income properties in Theodore, AL start at $42,500, averaging $585,552, 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
    Multifamily properties 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 $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
    • 36582
    • 36608
    • 36695
    • 36605
    • 36607
    • 36609
    • 36611
    • 36613
    • 36617

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