Located near the heart of Downtown Mobile, this exceptional portfolio offers 10 fully rented units, including a triplex, three duplexes, and a single apartment. Currently rented below market value, this property presents a lucrative opportunity for increased revenue as leases renew. Recent updates by the seller, including electrical, plumbing and HVAC systems, provide peace of mind for investors looking for a turnkey opportunity. This property’s prime location is a significant draw for tenants and investors alike. Residents enjoy easy access to thriving dining scenes, entertainment venues, and the historic charm of the Oakleigh Historic District. The property is also close to Ladd-Peebles Stadium, Bel Air Mall, and the famous Mobile Mardi Gras parade routes. For those seeking outdoor activities, Bienville Square and the Mobile Bay waterfront are just a short drive away. Additionally, the property is well-connected to major roadways, including I-65 and I-10, making it a convenient choice for commuters. Tenants pay all utilities except for landscaping, keeping operating expenses low and maximizing returns. Whether you're a seasoned investor or looking to expand your portfolio, this cash-flowing asset in one of Mobile's most popular areas is a rare find. Don’t miss out—schedule your showing today and capitalize on this growth opportunity! Proof of funds must be submitted prior to showings. Owner financing options are available. Buyer and Buyer's Agent to verify all information. Buyer to verify all information during due diligence.
We've got the magic words: Owner Finance! Calling all investors! Ready to grow your portfolio? Nestled near the heart of Downtown Mobile, this incredible opportunity features 10 fully rented units - a triplex, three duplexes, and a single apartment. Don’t miss out on this exceptional income-generating package! Currently rented below market value, this property presents a lucrative opportunity for increased revenue as leases renew. Recent updates by the seller, including electrical, plumbing and HVAC systems, provide peace of mind for investors looking for a turnkey opportunity. This property’s prime location is a significant draw for tenants and investors alike. Residents enjoy easy access to thriving dining scenes, entertainment venues, and the historic charm of the Oakleigh Historic District. The property is also close to Ladd-Peebles Stadium, Bel Air Mall, and the famous Mobile Mardi Gras parade routes. For those seeking outdoor activities, Bienville Square and the Mobile Bay waterfront are just a short drive away. Additionally, the property is well-connected to major roadways, including I-65 and I-10, making it a convenient choice for commuters. Tenants pay all utilities except for landscaping, keeping operating expenses low and maximizing returns. Whether you're a seasoned investor or looking to expand your portfolio, this cash-flowing asset in one of Mobile's most popular areas is a rare find. Don’t miss out—schedule your showing today and capitalize on this growth opportunity! Proof of funds must be submitted prior to showings. Buyer and Buyer's Agent to verify all information.
BCAR #372888
Jun 9, 2025
Sold
$900,000
$113/sq ft
Mar 26, 2025
Pending
—
Mar 17, 2025
Relisted
—
Feb 28, 2025
Contingent
—
Jan 16, 2025
Listed
$900,000
$113/sq ft
Public Records
Apr 25, 2019
Sold
$81,500
$10/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,388 (−11.8%)
2024
$3,843 (−7.1%)
2023
$4,139 (+1.2%)
2022
$4,091
2021
$4,091
2020
$4,091 (+2.0%)
2019
$4,012
2018
$4,012 (+1.0%)
2017
$3,971 (−1.4%)
2016
$4,029 (−7.5%)
2014
$4,357
Tax history for 5 N Fulton Street St
Year
Property tax
Land + Additions
Assessment*
2025
$3,388 (−11.8%)
2024
$3,843 (−7.1%)
2023
$4,139 (+1.2%)
2022
$4,091
2021
$4,091
2020
$4,091 (+2.0%)
2019
$4,012
2018
$4,012 (+1.0%)
2017
$3,971 (−1.4%)
2016
$4,029 (−7.5%)
2014
$4,357
*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
3
Stories
2
Lot width
—
Lot depth
—
Lot size
0.56 Acres
Year renovated
1983
Sq. Ft.
2,884
Year built
1983
Style
Multi-Family (2-4 Unit)
County
Mobile County
APN
29 07 24 0 003 059.XXX
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 10, 2026.
R-2
Two-Family Residential Districts
These districts are composed mainly of areas containing a mixture of one-family and two-family dwellings and open areas where similar residential development seems likely to occur. 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
Housing-Multiple units
Infrastructure
Communications tower
Jun 6, 2022 • Final
Commercial and multi-family mechanical hvac equipment or system installation
HVAC
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/Garage Information
Parking Features: Attached
Interior
Bathroom Information
# of Full Bathrooms: 10
Heating & Cooling
Has Cooling
Cooling: Window Unit(s), Ceiling Fan(s)
Has Heating
Heating: Wall Furnace
Interior Features
Interior Features: Ceiling Fan(s)
Appliances: Gas Range, Refrigerator
Flooring: Tile, Wood
Has Fireplace
# of Fireplaces: 1
Exterior
Building Information
Construction Materials: Wood Siding
Property Features
On Waterfront
Security Features: Smoke Detector(s)
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Raw Mls Property Sub Type: Residential Detached
Lot Information
Lot Size : 0.557
Financial
Tax Information
Tax Annual Amount: $3,843.02
Location
Schools Information
Elementary School: Mobile Other Elementary
Middle Or Junior School: Mobile- Other
High School: Mobile- Other High
Location Information
Directions: From I65/Dauphin St., go East approx. 2.2 miles and turn left onto N. Fulton St. This listing includes the first four buildings on your left.
Subdivision Name: Park Place
Community Information
Community Features: None
Public facts
Beds: —
Baths: 3.0
Sq. Ft.: 2,884
Stories: 2.0
Lot Size: 0.56 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1983
Year Renovated: 1983
County: Mobile County
APN: 29 07 24 0 003 059.XXX
Home facts updated by county records on Jul 10, 2026
Around this home
Schools
Florence Howard Elementary School
Public PreK-5 • Assigned • 2.0mi
7/10
Booker T Washington Middle School
Public 6-8 • Assigned • 1.1mi
3/10
Murphy High School
Public 9-12 • Assigned • 0.4mi
3/10
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 105° expected this year, 21 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)
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83
63
74
56
65
46
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Feb
Mar
Apr
May
Jun
Jul
Aug
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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.
8.4 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
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