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Theodore, AL

Residential Income

Theodore, AL Residential Income Properties for Sale

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Whistler, AL Chickasaw, AL Semmes, AL Saraland, AL Wilmer, AL Spanish Fort, AL Satsuma, AL Daphne, AL

40 properties

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Six-Unit Apartment Building

Updated: Oct 15

Six-Unit Apartment Building

1300 Illinois Street, Mobile, AL 36604

$600,000

2,666 sqft 0.16 AC lot

Six units: four furnished short‑term rentals and two long‑term rentals
2,666 square feet on a 0.1607‑acre site
Coin‑operated laundry facility
2024 work included new roofs and electrical and plumbing updates
Nearly all units received new flooring or refinished hardwood, appliances, and updated water heaters

Historic Triplex with Rental Apartments

Updated: Oct 8

Historic Triplex with Rental Apartments

54 Houston Street, Mobile, AL 36606

$349,900

1,972 sqft 0.23 AC lot

Three residential units: a four‑bedroom main home and two garage apartments
Main residence contains 1,972 square feet on a 0.23‑acre lot
Downstairs apartment has one bedroom; upstairs apartment has two bedrooms and a bonus room
Metal roof and interior and exterior paint completed in 2022
HVAC updated in 2023; crawl space encapsulated and dehumidifier added in 2024

9-Unit Apartment Building

9-Unit Apartment Building

203 Mohawk Street, Mobile, AL 36606

$799,000

5,910 sqft 0.32 AC lot

Fully occupied apartments with one- and two-bedroom layouts, on-site parking, and municipal water and sewer service.

See hot listings in Theodore

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in

Est. NOI available after sign in

Local Demand available after sign in

Residential Income Property with Fireplace

Residential Income Property with Fireplace

304-2901 Grant Street, Mobile, AL 36606

$169,000

1,828 sqft

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

Two-Building Multifamily Property

Two-Building Multifamily Property

266 Rickarby Street, Mobile, AL 36606

$399,750

3,576 sqft 0.34 AC lot

Occupied apartments feature hardwood flooring, window HVAC, and city water and sewer service.

Two-Unit Brick Duplex

Two-Unit Brick Duplex

2100 Springhill Avenue, Mobile, AL 36607

$399,000

0.45 AC lot

Separate residences offer a two-bedroom layout and a larger three-bedroom unit with a primary suite.

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Fully Leased Quadplex

Fully Leased Quadplex

1010 Dauphin Street, Mobile, AL 36604

$510,000

0.18 AC lot

Four residences feature separate utility metering, central HVAC, and parking within a Midtown Mobile location.

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.

4-Unit Apartment Building

4-Unit Apartment Building

163 Everett Street, Mobile, AL 36604

$405,000

0.21 AC lot

Each apartment offers a two-bedroom, one-bathroom layout.

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.

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.

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.

6-Unit Apartment Building

6-Unit Apartment Building

1300 Illinois Street, Mobile, AL 36604

$600,000

0.17 AC lot

Four furnished short-term rentals share the property with two long-term units and coin-operated laundry.

12-Unit Apartment Building

12-Unit Apartment Building

2508 Highland Dr, Mobile, AL 36617

$225,000

9,744 sqft

Each residence offers a two-bedroom, one-bath layout, with renovation work underway across the property.

Two-Building Six-Unit Apartment Property

Two-Building Six-Unit Apartment Property

266 Rickarby Street, Mobile, AL 36606

$399,750

0.34 AC lot

Fully leased apartments offer hardwood flooring, window HVAC units, and public water and sewer service.

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.

Multifamily Property

Multifamily Property

266 Rickarby Street, Mobile, AL 36606

$399,750

3,576 sqft

A multistory residential building with window-unit cooling.

Occupied Triplex with Tenant Laundry

Occupied Triplex with Tenant Laundry

122 Glenwood Street, Mobile, AL 36606

$330,000

0.22 AC lot

Tenant-occupied property with dedicated laundry access and driveway parking.

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.

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

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.

Commercial Sale, Theodore, AL

Commercial Sale, Theodore, AL

5850 Theodore Dawes Road, Theodore, AL 36582

$350,000

1,056 sqft 3.40 AC lot

Residential land & home lots · 1,056 SF

4-Unit Multifamily Property

4-Unit Multifamily Property

1010 Dauphin Street, Mobile, AL 36604

$510,000

All four residences have individual utility meters and central HVAC systems.

12-Unit Apartment Building

12-Unit Apartment Building

2508 Highland Drive, Mobile, AL 36617

$225,000

Each residence has two bedrooms, one bathroom, a living room, and a kitchen with dining space.

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Theodore, AL Residential Income Properties Market Trends and Statistics

Explore 47 residential income properties for sale in Theodore, AL, showcased through 40 active listings on our real estate platform. These investment opportunities span a total of 147,843 square feet of properties for sale, with an estimated market value of $18,303,350.

Sale prices for residential investment properties in Theodore, AL start at $42,500, averaging $494,685, 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

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	$128K

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)

Property Size Breakdown

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

How Realmo verifies these figures

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