Turnkey 9-Unit Multifamily Investment | 100% Occupied | Midtown Mobile Welcome to 2664 Murrell Ln, Mobile, AL 36607 — a rare opportunity to acquire a fully renovated, fully occupied nine-unit apartment complex in the heart of Midtown Mobile. With an average rent of $775 per unit and 100% occupancy, this property offers immediate cash flow and long-term stability in a market where quality multifamily inventory is limited. Each unit is approximately 825 square feet and features a 2-bedroom, 1-bath layout that appeals to a broad tenant base. The property underwent major capital improvements in 2020, including a new roof, updated electrical, plumbing, and HVAC systems, significantly reducing near-term maintenance and capital expenditure concerns. The complex is constructed of solid brick, providing durability, low maintenance, and strong curb appeal. All units are all-electric, and the property is situated in a quiet, established area while remaining conveniently close to Midtown restaurants, shopping, hospitals, libraries, grocery stores, public transportation, and interstate access—a highly desirable location for tenants.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
1
Stories
2
Lot width
—
Lot depth
—
Lot size
18,730
Year renovated
1986
Sq. Ft.
7,406
Year built
1986
Style
Multi-Family (5+ Unit)
County
Mobile County
APN
29 07 23 0 002 090.XXX
Parking Spaces
9
Basement
No
Accessible
No
HOA Dues
—
Garage
No
Features
Views
Last updated by owner on Apr 16, 2026.
R-1
Single-Family Residential Districts
These districts are composed of both developed and largely undeveloped areas. The developed areas contain mainly one-family dwellings and small open areas, usually subdivided, where residential development seems likely to occur; few two-family and multiple-family dwellings are found in these developed areas. It is anticipated that most of the large undeveloped areas will ultimately be developed for residential use. The district regulations are designed to protect the residential character of the developed areas by prohibiting commercial activities and encouraging a suitable neighborhood environment for family life.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Infrastructure
Communications tower
Oct 29, 2024 • Final
Residential electrical permit for an electrical service repair
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Total: 9
Parking Features: Parking Lot
Interior
Interior Features
Flooring: Ceramic Tile, Laminate
Heating & Cooling
Heating: Central, Electric, Separate Meters
Cooling: Central Air, Separate Meters
Multi-Unit Information
Number of Units Total: 9
Exterior
Exterior Features
Fencing: Fenced
Property Type
Residential Income
Property Information
Accessibility Features: None
Land Information
View : Yes
Waterfront Features: None
Lot Information
Waterfront Y/N: No
Building Information
Roof: Shingle
Subdivision Information
Subdivision Name: Murrell Tract
Financial
Tax Information
Tax Annual Amount: 3954
Tax Legal Description: LOT 5 SUBD OF LOTS 7 8 SQU 8 MURRELL TRT DBK 102 N S PAGE 26 #SEC 23 T4S R1W #MP29 07 23 0 002
Utilities
Utilities Information
Utilities: Electricity Available, Phone Available, Sewer Available, Water Available
Sewer: Public Sewer
Location
School information
Elementary School: Holloway
High School: John L Leflore
Middle/Junior School: Booker T Washington
Neighborhood Information
Subdivision Name: Murrell Tract
Location Information
Unparsed Address: 2664 Murrell Lane, Mobile AL 36607
Directions: From I65, travel east on Springhill Avenue to (L) on Mobile St. to (R) on Murrell Lane. Apartments on (L) side.
Utility Information
Public Sewer
Electricity Available, Phone Available, Sewer Available, Water Available
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 7,406
Stories: 2.0
Parking Spaces: 9
Basement: No
Accessible: No
Lot Size: 0.43 acres
Style: Multi-Family (5+ Unit)
Year Built: 1986
Year Renovated: 1986
County: Mobile County
APN: 29 07 23 0 002 090.XXX
HOA Dues: —
Garage: No
Features: Views
Home facts updated by owner on Apr 16, 2026
Around this home
Schools
Holloway Elementary School
Public K-5 • Assigned • 0.7mi
2/10
Booker T Washington Middle School
Public 6-8 • Assigned • 1.0mi
3/10
John L Leflore Preparatory Academy
Public 9-12 • Assigned • 1.4mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 104° expected this year, 20 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Mobile, AL • 36607
Average low and high temperatures (°F)
61
41
69
49
75
56
80
63
83
68
89
75
93
77
90
75
90
72
83
63
74
56
65
46
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.4 hours in
June and 4.8 hours in December, placing it below the
U.S. average for solar exposure.