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For sale by owner
  • $1,100,000

    5 N Fulton St, Mobile, AL 36607

    15beds
    8,000sqft
    : 
    $6,399/mo
    Get pre-qualified
    MultiFamily
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $138/sqft
    $-- HOA

    What's special

    Well-maintained property
    Prime 10-Unit Investment Property — Strong Cash Flow & Upside Potential Located in Midtown — Minutes from Downtown Purchase Price: $1,100,000 Open to Creative Financing Strategies This 10-unit, fully occupied multifamily property presents an excellent investment opportunity with immediate rental income and significant upside potential. The property consists of 1 triplex, 3 duplexes, and 1 single apartment, offering a diverse unit mix and strong rental demand. Key Investment Highlights * 10 total units — fully occupied * $1,100,000 purchase price * Projected rental income of approximately $9,000/month once all units are operating at their full potential * Below-market rents, creating significant opportunity to increase rental income * Value-add potential through strategic improvements and updated property management * Room to raise rents as leases turn over * Well-maintained property * On-site handyman available to handle day-to-day maintenance needs * Tenants pay all utilities * Minimal ongoing expenses — landscaping is the primary owner expense and is mainly required during the spring and summer months * Located in a high-demand Midtown area, minutes from downtown, shopping, restaurants, and public transportation * Strong rental demand with a history of attracting stable, long-term tenants * Easy-to-rent units with consistent tenant demand * Open to creative strategies for the right buyer This property offers the combination of existing cash flow, below-market rents, and future income growth, making it an attractive opportunity for an investor looking to build or expand a multifamily portfolio. SERIOUS INQUIRIES ONLY. Contact for additional details, financial information, and to discuss the property and potential deal structures.
    27 days
    772
    28
    Listed by:

    Property Owner (626) 586-6433

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 15
      • Bathrooms: 10
      • Full bathrooms: 10
      Heating
      • Forced air, Gas
      Cooling
      • Other
      Appliances
      • Laundry: None
      Features
      • Flooring: Tile, Other, Laminate
      • Has fireplace: No
      Interior area
      • Total interior livable area: 8,000 sqft

      Property

      Parking
      • Total spaces: 25
      • Parking features: Garage - Attached
      Features
      • Exterior features: Wood
      Lot
      • Size: 10,000 Square Feet
      Details
      • Parcel number: R022907240003059

      Construction

      Type & style
      • Home type: MultiFamily
      Materials
      • Wood
      • Roof: Asphalt
      Condition
      • New construction: No

      Community & HOA

      Location
      • Region: Mobile

      Financial & listing details

      • Price per square foot: $138/sqft
      • Tax assessed value: $533,600
      • Annual tax amount: $3,388
      • Date on market: 8/12/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $797/mo

        Price history

        DateEventPrice
        8/12/2026Listed for sale$1,100,000+22.2%$138/sqft
        Source: Owner Report a problem
        6/9/2025Sold$900,000$113/sqft
        Source: Baldwin Realtors #372888 Report a problem
        3/26/2025Pending sale$900,000$113/sqft
        Source: GCMLS #7510480 Report a problem
        1/17/2025Listed for sale$900,000-10%$113/sqft
        Source: GCMLS #7510480 Report a problem
        11/6/2024Listing removed--
        Source: Owner Report a problem
        10/10/2024Listed for sale$1,000,000+212.5%$125/sqft
        Source: Owner Report a problem
        3/13/2023Listing removed--
        Source: Zillow Rentals Report a problem
        2/20/2023Listed for rent$745
        Source: Zillow Rentals Report a problem
        2/10/2023Listing removed--
        Source: Zillow Rentals Report a problem
        1/12/2023Listed for rent$745
        Source: Zillow Rentals Report a problem
        11/12/2021Sold$320,000+4.9%$40/sqft
        Source: Public Record Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        7/1/2019Sold$305,000-18.7%$38/sqft
        Source: Public Record Report a problem
        5/1/2019Listed for sale$375,000+15.4%$47/sqft
        Source: Owner Report a problem
        2/23/2017Listing removed$325,000$41/sqft
        Source: Owner Report a problem
        10/15/2016Listed for sale$325,000$41/sqft
        Source: Owner Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,388 -11.8%$53,360 -11.8%
        2024$3,843 -7.1%$60,520 -7.1%
        2023$4,139 +1.2%$65,180 +1.2%
        2022$4,091 $64,420
        2021$4,091 $64,420
        2020$4,091 +2%$64,420 +2%
        2019$4,012 -0.2%$63,180
        2018$4,022 +1.3%$63,180 +1%
        2017$3,971 $62,540 -1.4%
        2016$3,971 -15.8%$63,460 -11.1%
        2013$4,718 $71,360
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Park Place

        Getting around

        41 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating

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