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.
For sale by owner
$1,100,000
5 N Fulton St, Mobile, AL 36607
15beds
8,000sqft
MultiFamily
Built in ----
-- sqft lot
$-- Zestimate®
$138/sqft
$-- HOA
What's special
Well-maintained property
- 27 days
- 772
- 28
Listed by:
Property Owner (626) 586-6433
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
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Listed for sale | $1,100,000+22.2%$138/sqft |
Source: Owner Report a problem | ||
| 6/9/2025 | Sold | $900,000$113/sqft |
Source: | ||
| 3/26/2025 | Pending sale | $900,000$113/sqft |
Source: | ||
| 1/17/2025 | Listed for sale | $900,000-10%$113/sqft |
Source: | ||
| 11/6/2024 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/10/2024 | Listed for sale | $1,000,000+212.5%$125/sqft |
Source: Owner Report a problem | ||
| 3/13/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/20/2023 | Listed for rent | $745 |
Source: Zillow Rentals Report a problem | ||
| 2/10/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/12/2023 | Listed for rent | $745 |
Source: Zillow Rentals Report a problem | ||
| 11/12/2021 | Sold | $320,000+4.9%$40/sqft |
Source: Public Record Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/1/2019 | Sold | $305,000-18.7%$38/sqft |
Source: Public Record Report a problem | ||
| 5/1/2019 | Listed for sale | $375,000+15.4%$47/sqft |
Source: Owner Report a problem | ||
| 2/23/2017 | Listing removed | $325,000$41/sqft |
Source: Owner Report a problem | ||
| 10/15/2016 | Listed for sale | $325,000$41/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Est. payment

