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  • $900,000

    5 N Fulton St, Mobile, AL 36607

    15beds
    8,000sqft
    Residential
    Built in 1986
    0.56 Acres Lot
    $811,700 Zestimate®
    $113/sqft
    $1,731 Estimated rent

    Home value

    $811,700

    $633,000 - $1.01M

    $1,731/mo

    Zestimate® history
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    Owner options

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    $1,731/mo

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    $5,021/mo

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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: June 10, 2025 at 01:28pm

    Listed by:

    Taylor Pettway 251-525-7050,

    Goode Realty, LLC,

    Ginny Byrd 251-689-4787,

    Goode Realty, LLC

    Bought with:

    Taylor Pettway

    Goode Realty, LLC

    Ginny Byrd

    Source: Baldwin Realtors,MLS#: 372888MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 15
    • Bathrooms: 10
    • Full bathrooms: 10
    Heating
    • Wall Furnace
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Gas Range, Refrigerator
    Features
    • Ceiling Fan(s)
    • Flooring: Tile, Wood
    • Has basement: No
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 8,000
    • Total interior livable area: 8,000 sqft

    Property

    Parking
    • Parking features: Attached
    • Has attached garage: Yes
    Features
    • Levels: One
    • Stories: 1
    • Has view: Yes
    • View description: None
    • Waterfront features: No Waterfront
    Lot
    • Size: 0.56 Acres
    • Features: Less than 1 acre
    Details
    • Parcel number: 2907240003059XXX

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Other
    • Property subtype: Residential
    Materials
    • Wood Siding, Frame
    • Roof: See Remarks
    Condition
    • Resale
    • New construction: No
    • Year built: 1986

    Utilities & green energy

    • Electric: Alabama Power

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Community
    • Community features: None
    Location
    • Region: Mobile
    • Subdivision: Park Place

    Other

    Other facts
    • Ownership: Whole/Full

    Price history

    DateEventPrice
    6/9/2025Sold$900,000$113/sqft
    Source: Baldwin Realtors #372888 Report a problem
    3/26/2025Pending sale$900,000$113/sqft
    Source: GCMLS #7510480 Report a problem
    1/17/2025Listed for sale$900,000-10%$113/sqft
    Source: GCMLS #7510480 Report a problem
    11/6/2024Listing removed--
    Source: Owner Report a problem
    10/10/2024Listed for sale$1,000,000+212.5%$125/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,843 -7.1%$60,520 -7.1%
    2023$4,139 +1.2%$65,180 +1.2%
    2022$4,091 $64,420

    Find assessor info on the county website

    Neighborhood: Park Place

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $811,700
    2% more+ $16,234
    With Zillow Showcase(estimated)
    $827,934