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  • Price cut: $20K (7/16)
    $679,000

    531 W Laurel Ave, Foley, AL 36535

    6beds
    3,743sqft
    : 
    Multi Family, Apartment
    Built in 1925
    -- sqft lot
    $-- Zestimate®
    $181/sqft
    $-- HOA

    What's special

    Ample on-site parking
    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.
    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#: 367907MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 531 W Laurel Ave.

    Next available tour time:Tomorrow at 11am

    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
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