This charming six-plex, built in 1925, is a historical gem located just steps from Foley Downtown. With only four owners in nearly a century, this property sits on a little over half an acre. Currently operated as a 55+ community, it's consistently 100% occupied. Walking distance to Foley Elementary and Middle Schools, and downtown with all you need doctor's offices, vet clinic, restaurants, shops - you name it. South Baldwin Regional Medical Center, Police Department, Municipal Court, DMV, Riviera Utilities and more are located within 2 miles radius. The two-story building houses six units, each offering 1 bedroom and 1 bathroom and its own kitchen. Five units are on the main floor, while one occupies the upstairs level. All units come equipped with individual mini-split A/C systems. Coin laundry is available for common use. There's also a full basement, not in use by tenants, offering extra potential. Ample on-site parking is available for tenant convenience. Utilities are included in the tenant's monthly payments. The property underwent a renovation in 2018, with updated electrical, plumbing, sprinkler, and smoke detector systems, ensuring modern functionality in a historic setting. Buyer to verify all information during due diligence.
Active
Price cut: $20K (7/16)
$679,000
531 W Laurel Ave, Foley, AL 36535
6beds
3,743sqft
Est.:
Multi Family, Apartment
Built in 1925
-- sqft lot
$-- Zestimate®
$181/sqft
$-- HOA
What's special
Ample on-site parking
- 330 days
- on Zillow |
- 285 |
- 11 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: July 16, 2025 at 11:55am
Listed by:
Alla Nikitina allanikitina@ryalsrealty.com,
Ryals Realty Services, Inc
Source: Baldwin Realtors,MLS#: 367907

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Primary bedroom
- Features: Other - See Remarks
Dining room
- Features: See Remarks
Heating
- Other
Cooling
- Other
Appliances
- Included: Electric Range, Cooktop
- Laundry: Common Area
Features
- Ceiling Fan(s)
- Flooring: Tile, Wood, Laminate
- Has basement: No
- Has fireplace: No
- Common walls with other units/homes: Corner Unit,No One Below,Other-See Remarks
Interior area
- Total structure area: 3,743
- Total interior livable area: 3,743 sqft
Property
Parking
- Parking features: Attached, Three or More Vehicles
- Has attached garage: Yes
Features
- Levels: Two,Multi/Split
- Has view: Yes
- View description: None
- Waterfront features: No Waterfront
Lot
- Size: 0.59 Acres
- Dimensions: 140 x 185
Details
- Parcel number: 055409293000005.002
- Zoning description: 2+ Family Residence
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick, Block
- Roof: Metal,Tile
Condition
- Resale
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Riviera Utilities
Community & HOA
Community
- Features: 55 Plus Community, Other
- Security: Smoke Detector(s)
- Senior community: Yes
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Foley
Financial & listing details
- Price per square foot: $181/sqft
- Tax assessed value: $418,100
- Annual tax amount: $2,953
- Price range: $679K - $679K
- Date on market: 9/13/2024
- Ownership: Whole/Full
- Loading
- Loading