$600,000

266 Rickarby Street, Mobile, AL 36606

  • 10 beds |
  • 6 baths |
  • 3,576 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.34acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $168/sqft
  • Property List Date Icon Listed 12 days ago

Property Description

Investor Alert!! Great investment opportunity in a convenient Midtown location! 266 Rickarby Street includes two separate 3-unit apartment buildings located at 264 and 266 Rickarby Street, situated just south of Government Street with easy access to major thoroughfares. The property features six fully occupied units, providing immediate rental income. The unit mix includes four 2-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments. Each unit offers hardwood floors and window HVAC units for heating and cooling. The property is serviced by gas, electricity, city water, and city sewer. All apartments are currently leased, with rents ranging from $500 to $800 per month, and one unit participating in the Section 8 program. Located just off Government Street and close to the Loop, the property offers easy access to shopping, dining, and major routes throughout the city, and is just minutes from downtown Mobile. With two buildings, six fully leased units, and a strong rental location, this property presents a fantastic opportunity for investors seeking a stable, income-producing asset. Buyer to verify all information during due diligence. *Year Built is Unknown.

Listing Status:
Active
Data Last Updated:
April 1, 2026 at 7:48PM
Listing Office:
L L B & B, Inc. : 251-342-3200
Listing Agent:
Melissa Morrissette : 251-709-4736
MLS ID:
393812
  • General: Living Room
  • Master Bath: Single Vanity
  • Dining: Separate Dining Room
  • Flooring: VinylWood
  • A/C: Window Unit(s)
  • Heating: None
  • Fireplace: Fireplaces: 0
  • Eco/Green Feature: None
  • Parking: On Street
  • Roofing: Composition
  • General: StoneTwo
  • Golf: None
  • Originating MLS: Baldwin County
  • County: Mobile
  • Zoning: LOTS 64 & 65 MUTHS SUB OF LEE PL MBK3/325 #SEC 28 T4S R1W #MP29 10 28 2 0012910282001032XXX
  • View: None/Not Applicable
  • Utilities: Natural Gas ConnectedAlabama Power
  • Water: Public
  • Sewer: Public Sewer
  • Source: Baldwin County
  • Ownership: Whole/Full

This listing courtesy of Melissa Morrissette , L L B & B, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Leinkauf Elementary School

1410 Monroe St, Mobile, AL, 36604

Grades PK-5

0.84 miles away

W

Williamson High School

1567 E Dublin St, Mobile, AL, 36605

Grades 6-12

0.72 miles away

M

Murphy High School

100 S Carlen St, Mobile, AL, 36606

Grades 9-12

0.53 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.