Look no further for a strong investment opportunity featuring three buildings with a total of 10 units, providing multiple income streams and excellent potential for continued cash flow. Eight units are occupied by long-term tenants, offering stable, consistent rental income, while two ADUs operate as Airbnb rentals, providing additional short-term rental revenue and flexibility. The property currently generates over $8,000 in gross monthly income, making this an attractive opportunity for investors seeking an established income-producing asset. The diversified rental model combines the stability of long-term leases with the earning potential of short-term rentals. Current owner has also completed significant upgrades to the property. The two ADU buildings that house the AirBNB rentals have been completely remodeled and are fully furnished. New floors, subfloor, appliances, new PEX water lines, tankless water heater in Unit 10, mini split and brand new shower in Unit 9. New shower installed in unit 1. Sewer plumbing has been updated in the main building with additional clean outs added. With 10 total units across three buildings, this property offers scale, built-in income diversification, and potential for future growth. A compelling addition to any investment portfolio—schedule your private showing today!
Active
$699,000
302 Michigan Ave, Mobile, AL 36604
--beds
0baths
--sqft
Multi Family
Built in 1982
-- sqft lot
$672,900 Zestimate®
$--/sqft
$-- HOA
What's special
New floorsNew pex water lines
- 15 days
- 130
- 11
Zillow last checked:
Listing updated:
Listed by:
Breanna Veth 251-229-4714,
Wellhouse Real Estate LLC - Mobile,
Dana Veth 251-599-3623,
Wellhouse Real Estate LLC - Mobile
Source: GCMLS,MLS#: 7829544
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Has Heating (Unspecified Type)
Cooling
- Ceiling Fan(s), Window Unit(s)
Features
- Windows: None
Property
Parking
- Total spaces: 2
- Parking features: Parking Lot, Paved
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Fencing: None
- Has view: Yes
- View description: City
- Waterfront features: None
Lot
- Size: 10,406 Square Feet
- Features: Corner Lot
Details
- Parcel number: R022910223003057
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Asbestos
- Roof: Shingle
Condition
- Year built: 1982
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Green energy
- Energy efficient items: None
Community & HOA
Community
- Features: None
- Subdivision: Glendale Park
Location
- Region: Mobile
Financial & listing details
- Tax assessed value: $73,100
- Annual tax amount: $928
- Date on market: 8/26/2026
- Electric utility on property: Yes
Estimated market value
$672,900
$639,000 - $707,000
$1,130/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/30/2026 | Listed for sale | $699,000-2.2% |
Source: | ||
| 7/9/2026 | Listing removed | $715,000 |
Source: | ||
| 2/9/2026 | Listed for sale | $715,000+23.3% |
Source: | ||
| 10/9/2024 | Sold | $580,000 |
Source: | ||
| 9/26/2024 | Pending sale | $580,000 |
Source: | ||
| 9/20/2024 | Price change | $580,000-10.8% |
Source: | ||
| 9/19/2024 | Listed for sale | $649,900+8.3% |
Source: | ||
| 8/28/2024 | Listing removed | $600,000 |
Source: | ||
| 6/17/2024 | Pending sale | $600,000 |
Source: | ||
| 5/16/2024 | Price change | $600,000-7.7% |
Source: | ||
| 4/2/2024 | Pending sale | $649,900 |
Source: | ||
| 3/1/2024 | Listed for sale | $649,900+1081.6% |
Source: | ||
| 11/16/2016 | Listing removed | $55,000 |
Source: BETTER HOMES AND GARDENS REAL ESTATE GENERATIONS #533007 Report a problem | ||
| 5/13/2016 | Listed for sale | $55,000+633.3% |
Source: Better Homes and Gardens Real Estate Generations #533007 Report a problem | ||
| 1/2/2002 | Sold | $7,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $928 | $14,620 |
| 2024 | $928 +5.8% | $14,620 +5.8% |
| 2023 | $878 +96.3% | $13,820 +96.3% |
| 2022 | $447 | $7,040 |
| 2021 | $447 +25.7% | $7,040 +25.7% |
| 2020 | $356 -1.4% | $5,600 -1.4% |
| 2019 | $361 -2.7% | $5,680 +6% |
| 2018 | $371 +8.9% | $5,360 |
| 2017 | $340 | $5,360 +1.9% |
| 2016 | $340 -13% | $5,260 -12.9% |
| 2013 | $391 | $6,040 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Leinkauf
Nearby schools
Schools provided by the listing agent
- Elementary: Leinkauf
- Middle: Calloway Smith
- High: Murphy
Source: GCMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





