606,,,706 N Alston Street, Foley, AL 36535
Local realty services provided by:Better Homes and Gardens Real Estate Main Street Properties
Listed by: bob shallow
Office: re/max paradise
MLS#:381247
Source:AL_BCAR
Price summary
- Price:$1,349,000
- Price per sq. ft.:$159.31
About this home
Rare Investment Opportunity – Prime Location in Foley, AL. Don’t miss this exceptional opportunity to acquire 10 apartment units each offering two bedrooms and one bath across three parcels (PPIN #396767, #72683, and #48020) located near each other in one of Foley’s fastest-growing and most desirable areas. The property was remodeled in 2022 with upgrades including stainless appliances, wood-look vinyl flooring, fresh paint, butcher block kitchen islands, and in-unit laundry rooms. Strategically located just one block off Highway 59, these parcels offer excellent visibility and access—ideal for both immediate income generation and future commercial development. Zoned B-1 (Local Business District), residential use is no longer permitted under current zoning. However, the existing units are operating under legal non-conforming status, allowing continued residential occupancy. Whether you're looking for rental income or a high-profile redevelopment opportunity, this property provides both flexibility and potential. Highlights: •10 total apartment units • 3 separate parcels: PPIN #396767, #72683, #48020 •Zoned B-1 with legal non-conforming residential use •Property remodeled in 2022 •Excellent exposure just one block from Hwy 59 •Strong rental potential + future redevelopment opportunity** See attached document regarding zoning and rental information from the City of Foley. Buyer to verify all information during due diligence.
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Home facts
- Year built:1977
- Listing ID #:381247
- Added:255 day(s) ago
- Updated:March 08, 2026 at 02:10 PM
Rooms and interior
- Bedrooms:20
- Total bathrooms:10
- Full bathrooms:10
- Living area:8,468 sq. ft.
Heating and cooling
- Heating:Electric
Structure and exterior
- Roof:Metal
- Year built:1977
- Building area:8,468 sq. ft.
- Lot area:0.43 Acres
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Foley High
- Middle school:Foley Middle
- Elementary school:Foley Elementary
Finances and disclosures
- Price:$1,349,000
- Price per sq. ft.:$159.31
- Tax amount:$6,717
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