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    Theodore, AL
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    Theodore, AL Residential Income Properties for Sale

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    Talladega, AL Prichard, AL Slidell, LA Chickasaw, AL Saraland, AL Semmes, AL Wilmer, AL Spanish Fort, AL
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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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    Midtown 9-Unit Apartment Complex
    Updated: Mar 20
    Midtown 9-Unit Apartment Complex

    203 Mohawk Street, Mobile, AL 36606

    $799,000
    5,910 sqft 0.32 AC lot
    9‑unit apartment complex built in 1945, with a mix of 1- and 2‑bedroom units
    Currently 100% occupied with monthly rents reported at $600 to $800 per unit
    All‑electric units with window air‑conditioning units
    City water and city sewer service
    Each unit includes a stove and refrigerator, except one unit where the refrigerator belongs to the tenant
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    Two-Building Apartment Investment
    Two-Building Apartment Investment

    266 Rickarby Street, Mobile, AL 36606

    $600,000
    3,576 sqft 0.34 AC lot

    Two 3-unit apartment buildings with six fully occupied units, including 2- and 1-bedroom layouts.

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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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    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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    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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    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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    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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    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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    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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    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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    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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    Tenant-Occupied Investment Property
    Tenant-Occupied Investment Property

    1254 Seneca Street, Mobile, AL 36605

    $114,900
    1,700 sqft 0.16 AC lot

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

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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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    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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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    207 Michigan Avenue, Mobile, AL 36604

    $435,000
    0.14 AC lot

    Six-unit apartment building with five long-term rentals and one short-term rental, featuring partial renovations and unit updates.

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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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    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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    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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    Multi-Family Quadplex for Sale
    Multi-Family Quadplex for Sale

    1561 Illinois Street, Mobile, AL 36604

    $161,000
    0.60 AC lot

    Quadplex on a 0.6-acre lot in Mobile’s established residential corridor.

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    Renovated Income-Producing Apartment Building
    Renovated Income-Producing Apartment Building

    1300 Illinois Street, Mobile, AL 36604

    $600,000

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

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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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    Theodore, AL Residential Income Properties Market Trends and Statistics

    Explore 52 residential income properties for sale in Theodore, AL, showcased through 45 active listings on our real estate platform. These investment opportunities span a total of 153,133 square feet of properties for sale, with an estimated market value of $18,159,428.

    Sale prices for residential income properties in Theodore, AL start at $40,000, averaging $442,912, 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

    Multifamily properties 5
    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 $267.1K

    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
    • 36617
    • 36618
    • 36695
    • 36607
    • 36612

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