5 N Fulton Street
Mobile, AL 36607
- 15 beds
- 10 baths
- 8,000 sqft
- ~1/2 acre lot
- $112 per sqft
- 1986 build
- – on site
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.
Last checked:
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Checking…
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Last updated Mar 26, 2025
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MLS# 372888 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1986
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New Construction:false
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Construction Materials:Wood Siding, Wood Frame
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Architectural Style:Other-See Remarks
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Roof:See Remarks
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Stories:1
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Levels:One
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Security Features:Smoke Detector(s)
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Building Area Total:8000
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Building Area Units:Square Feet
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Building Area Source:Seller
Interior
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Interior Features:Ceiling Fan(s)
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Flooring:Tile, Wood
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Fireplace:true
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Fireplaces Total:1
Room Dimensions
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Living Area:8000
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Living Area Units:Square Feet
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Living Area Source:Seller
Financial & Terms
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Ownership:Whole/Full
Location
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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.
The Property
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Property Type:Residential
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Property Subtype:Other-See Remarks
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Property Attached:false
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Property Condition:Resale
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Parcel Number:2907240003059XXX
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Lot Size Area:24262.92
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Lot Features:Less than 1 acre
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Lot Size Acres:0.557
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Lot Size SqFt:24262.92
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Lot Size Units:Square Feet
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View:false
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View:None/Not Applicable
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Waterfront:false
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Waterfront Features:No Waterfront
Listing Agent
- Contact info:
- Agent phone:
- (251) 525-7050
- Office phone:
- (251) 981-2929
Taxes
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Tax Annual Amount:3843.02
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Tax Legal Description:ALL THAT PORTION OF LOTS 13 14 & 15 BLK 2 DAUPHIN HGTS DBK 97 P 45 DESC AS BEG AT NW INTERSECT OF DAUPHIN & FULTON STS RUN NLY ALG W/S OF FULTON ST 260.25 FT TO S/L OF AN ALLEY TH WITH ENCL ANG OF 96 DEG RUN WLY ALG S/L OF SAID ALLEY 121 FT-S- TO PT ON FENCE/L TH SLY WITH ENCL ANG OF 84 DEG & ALG LI
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Tax Lot:13
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Tax Block:13
Beds
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Bedrooms Total:15
Baths
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Total Baths:10
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Total Baths:10
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Full Baths:10
Heating & Cooling
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Heating:Wall Furnace
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Heating:true
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Cooling:Window Unit(s)
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Cooling:true
Utilities
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Electric:Alabama Power
Appliances
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Appliances:Gas Range, Refrigerator
Schools
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Elementary School:Mobile-other
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Middle Or Junior School:Mobile-Other
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High School:Mobile- Other
The Community
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Subdivision Name:Park Place
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Community Features:None
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Association:false
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Subdivision:AL
Parking
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Garage:false
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Carport:false
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Parking Features:Attached
Monthly cost estimate
Asking price
$900,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$4,819
|
| Taxes | $320 |
| Insurance | $247 |
| Utilities | $517 See report |
| Total | $5,903/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/26/25
Mar 26, 2025
|
Pending | BCAR | $900,000 | |
|
3/17/25
Mar 17, 2025
|
Listed / Active | BCAR | $900,000 | |
|
2/28/25
Feb 28, 2025
|
Sold Subject To Contingencies | BCAR | $900,000 |
