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    Theodore, AL Residential Income Properties for Sale

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    Talladega, AL Eight Mile, AL Chickasaw, AL
    49 results
    Two Triplex Buildings
    $600,000
    3,576 SF
    Two Triplex Buildings

    266 Rickarby Street, Mobile, AL 36606

    Two 3-unit apartment buildings with six leased units, offering 1- and 2-bedroom layouts and window HVAC.
    • Two separate 3‑unit apartment buildings at 264 and 266 Rickarby St (266 Rickarby St listed).
    • All 6 units are fully occupied and currently leased; rents range from $500 to $800 per month.
    • Unit mix: four 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units; one unit participates in Section 8.
    • Each unit has hardwood floors and window HVAC units for heating and cooling.
    • Utilities: gas, electricity, city water, and city sewer.
    Updated: Mar 20
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    Renovated High-Income Apartment Building
    $600,000
    2,666 SF
    Renovated High-Income Apartment Building

    1300 Illinois Street, Mobile, AL 36604

    Six-unit building with short-term and long-term rental income.
    • High‑income producing six‑unit apartment building with diversified income stream.
    • Significant capital improvements completed in 2024: new roofs, updated electrical, plumbing, flooring, appliances, HVAC, and water heaters.
    • Professionally managed, generating average gross rents over $7,000 per month.
    • Near full occupancy in short‑term rental units and reliable long‑term tenants.
    • Located in an area experiencing substantial growth and investment.
    Updated: Mar 6
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    Midtown 9-Unit Apartment Complex
    $799,000
    5,910 SF
    Midtown 9-Unit Apartment Complex

    Nine-unit residential income property with 1- and 2-bedroom units, all electric systems, and on-site resident parking.

    203 Mohawk Street, Mobile, AL 36606

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    New Construction Duplex in Mobile
    $379,000
    1,000 SF
    New Construction Duplex in Mobile

    New construction duplex with modern finishes, ideal for investors.

    3475 Denmark Road, Mobile, AL 36618

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    Six-Unit Apartment Income Building
    $445,000
    5,911 SF
    Six-Unit Apartment Income Building

    A partially renovated six-unit building with a mix of long-term and short-term rental layouts.

    207 Michigan Avenue, Mobile, AL 36604

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    Midtown Mobile Multifamily Investment
    $600,000
    0.34 Acres
    Midtown Mobile Multifamily Investment

    Six-unit apartment buildings in Midtown Mobile with immediate rental income.

    266 Rickarby Street, Mobile, AL 36606

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    Midtown Mobile Apartment Complex
    $715,000
    0.24 Acres
    Midtown Mobile Apartment Complex

    Updated ten-unit apartment complex near Downtown Mobile.

    302 Michigan Avenue, Mobile, AL 36604

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    Renovated Multifamily Investment Opportunity
    $600,000
    0.17 Acres
    Renovated Multifamily Investment Opportunity

    High-income producing six-unit apartment building with diversified income streams.

    1300 Illinois Street, Mobile, AL 36604

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    Midtown Mobile Multifamily Investment
    $799,000
    0.32 Acres
    Midtown Mobile Multifamily Investment

    Nine-unit apartment complex in Midtown Mobile, fully occupied.

    203 Mohawk Street, Mobile, AL 36606

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    Updated 5-Unit Studio Complex
    $350,000
    0.12 Acres
    Updated 5-Unit Studio Complex

    Updated 5-unit studio complex in Mobile, Alabama.

    659 Maple Street, Mobile, AL 36603

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    Three Duplex Multifamily Investment
    $900,000
    0.35 Acres
    Three Duplex Multifamily Investment

    For sale package with three duplexes and six tenants in place, plus an additional one-acre lot for expansion.

    8758 Tanner Williams Road, Mobile, AL 36608

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    Six-Unit Apartment Building
    $445,000
    0.14 Acres
    Six-Unit Apartment Building

    Partially renovated six-unit property with five long-term rentals and one short-term rental unit.

    207 Michigan Avenue, Mobile, AL 36604

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    Income Property in Mobile, AL
    $239,000
    0.11 Acres
    Income Property in Mobile, AL

    Income-generating duplex with renovated units and new privacy fence.

    552 Glenwood Street, Mobile, AL 36606

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    Income-Producing Triplex in Midtown Mobile
    $330,000
    0.22 Acres
    Income-Producing Triplex in Midtown Mobile

    Fully occupied triplex in desirable midtown location, close to downtown.

    122 Glenwood Street, Mobile, AL 36606

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    Mobile, AL Investment Opportunity
    $79,577
    1,250 SF
    Mobile, AL Investment Opportunity

    Three-bedroom, one-bathroom property in Mobile, AL, with long-term tenant.

    Mobile, AL 36607

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    Six-Unit Apartment Building on Michigan
    $475,000
    5,911 SF
    Six-Unit Apartment Building on Michigan

    Six-unit apartment building with income potential near Mobile International Airport.

    207 Michigan Avenue, Mobile, AL 36604

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    Midtown Investment Opportunity
    $600,000
    3,576 SF
    Midtown Investment Opportunity

    Two buildings with six fully leased units in Midtown Mobile.

    266 Rickarby Street, Mobile, AL 36606

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    Newer Duplex Near University
    $500,000
    4,112 SF
    Newer Duplex Near University

    Well-maintained duplex with income potential near the University.

    6056 Sussex Drive, Mobile, AL 36608

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    Renovated Income-Producing Apartment Building
    $600,000
    Renovated Income-Producing Apartment Building

    Six-unit apartment building with short-term and long-term rental income.

    1300 Illinois Street, Mobile, AL 36604

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    Renovated Duplex in Midtown Mobile
    $235,249
    0.13 Acres
    Renovated Duplex in Midtown Mobile

    Turnkey duplex with modern upgrades in the heart of Midtown.

    377 Tuttle Avenue, Mobile, AL 36604

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    Midtown Mobile Ten-Unit Apartment Complex
    $715,000
    Midtown Mobile Ten-Unit Apartment Complex

    Updated ten-unit apartment complex near Downtown Mobile.

    302 Michigan Avenue, Mobile, AL 36604

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    New Construction Duplex Investment Opportunity
    $379,000
    1,000 SF
    New Construction Duplex Investment Opportunity

    New construction duplex in Mobile, AL, ideal for investors.

    3475 Denmark Road, Mobile, AL 36618

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    Tenant-Occupied Investment Property
    $114,900
    0.16 Acres
    Tenant-Occupied Investment Property

    Turnkey investment property with immediate rental income in Mobile, AL.

    1254 Seneca Street, Mobile, AL 36605

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    Mobile Multifamily Investment Opportunity
    $183,200
    0.60 Acres
    Mobile Multifamily Investment Opportunity

    Multifamily property near downtown Mobile with income and appreciation potential.

    1561 Illinois Street, Mobile, AL 36604

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    Theodore, AL Residential Income Properties Investment Opportunities Market Analysis

    Explore 56 residential income properties for sale in Theodore, AL, showcased through 49 active listings on our real estate platform. These investment opportunities span a total of 97,662 square feet of properties for sale, with an estimated market value of $5,930,477.

    Sale prices for residential income properties in Theodore, AL start at $79,577, averaging $456,190, 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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    Top Commercial Asset Segments

    Multifamily properties 3
    Mobile home & RV parks 2

    Property Size Breakdown

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

    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 median listing prices of real estate assets

    Neighborhood Average Price
    36582 $234.8K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    Total CRE Area on Market Trend

    Average Price per SF — Office

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    Most Searched ZIP Codes in Theodore, AL

    • 36604
    • 36606
    • 36608
    • 36603
    • 36582
    • 36605
    • 36607
    • 36618
    • 36610
    • 36612
    • 36695

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