531 W Laurel Avenue, Foley, AL 36535
Local realty services provided by:Better Homes and Gardens Real Estate Main Street Properties
531 W Laurel Avenue,Foley, AL 36535
$679,000
- 6 Beds
- 6 Baths
- 3,743 sq. ft.
- Multi-family
- Active
Listed by:alla nikitinaallanikitina@ryalsrealty.com
Office:ryals realty services, inc
MLS#:367907
Source:AL_BCAR
Price summary
- Price:$679,000
- Price per sq. ft.:$181.41
About this home
This charming six-plex, built in 1925, is a historical gem located just steps from Foley Downtown. With only four owners in nearly a century, this property sits on a little over half an acre. Currently operated as a 55+ community, it's consistently 100% occupied. Walking distance to Foley Elementary and Middle Schools, and downtown with all you need doctor's offices, vet clinic, restaurants, shops - you name it. South Baldwin Regional Medical Center, Police Department, Municipal Court, DMV, Riviera Utilities and more are located within 2 miles radius. The two-story building houses six units, each offering 1 bedroom and 1 bathroom and its own kitchen. Five units are on the main floor, while one occupies the upstairs level. All units come equipped with individual mini-split A/C systems. Coin laundry is available for common use. There's also a full basement, not in use by tenants, offering extra potential. Ample on-site parking is available for tenant convenience. Utilities are included in the tenant's monthly payments. The property underwent a renovation in 2018, with updated electrical, plumbing, sprinkler, and smoke detector systems, ensuring modern functionality in a historic setting. Buyer to verify all information during due diligence.
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Home facts
- Year built:1925
- Listing ID #:367907
- Added:377 day(s) ago
- Updated:August 29, 2025 at 06:36 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:6
- Full bathrooms:6
- Living area:3,743 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s)
Structure and exterior
- Roof:Metal, Tile
- Year built:1925
- Building area:3,743 sq. ft.
- Lot area:0.59 Acres
Schools
- High school:Foley High
- Middle school:Foley Middle
- Elementary school:Foley Elementary
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$679,000
- Price per sq. ft.:$181.41
- Tax amount:$2,953
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