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Active
  • $699,000

    302 Michigan Ave, Mobile, AL 36604

    --beds
    0baths
    --sqft
    : 
    $4,250/mo
    Get pre-qualified
    Multi Family
    Built in 1982
    -- sqft lot
    $672,900 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    New floorsNew pex water lines
    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!
    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#: 7829544MLS Logo

      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

        DateEventPrice
        8/30/2026Listed for sale$699,000-2.2%
        Source: GCMLS #7829544 Report a problem
        7/9/2026Listing removed$715,000
        Source: Baldwin Realtors #391577 Report a problem
        2/9/2026Listed for sale$715,000+23.3%
        Source: Baldwin Realtors #391577 Report a problem
        10/9/2024Sold$580,000
        Source: Baldwin Realtors #368146 Report a problem
        9/26/2024Pending sale$580,000
        Source: Baldwin Realtors #368146 Report a problem
        9/20/2024Price change$580,000-10.8%
        Source: Baldwin Realtors #368146 Report a problem
        9/19/2024Listed for sale$649,900+8.3%
        Source: GCMLS #7458772 Report a problem
        8/28/2024Listing removed$600,000
        Source: Baldwin Realtors #358577 Report a problem
        6/17/2024Pending sale$600,000
        Source: Baldwin Realtors #358577 Report a problem
        5/16/2024Price change$600,000-7.7%
        Source: Baldwin Realtors #358577 Report a problem
        4/2/2024Pending sale$649,900
        Source: Baldwin Realtors #358577 Report a problem
        3/1/2024Listed for sale$649,900+1081.6%
        Source: GCMLS #7331121 Report a problem
        11/16/2016Listing removed$55,000
        Source: BETTER HOMES AND GARDENS REAL ESTATE GENERATIONS #533007 Report a problem
        5/13/2016Listed for sale$55,000+633.3%
        Source: Better Homes and Gardens Real Estate Generations #533007 Report a problem
        1/2/2002Sold$7,500
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Leinkauf

        Getting around

        56 / 100
        Somewhat Walkable
        58 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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.

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