NOT LISTED FOR SALE

512 Williams St Mobile, AL 36606

Rickarby Neighborhood

Estimated Value: $155,000 - $205,000

3 Beds
1 Bath
982 Sq Ft
$186/Sq Ft Est. Value

Sale Details

Date Sold: July 25, 2025

Last sale price $177,500 $181 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,073 / mo

84 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Level Lot
  • 1-Story Property
  • Asbestos

About This Home

As of July 2025

This income-generating gem features three rental units and delivers $2,195 in total monthly income from day one. The front house is a charming single-family home with recently refinished hardwood floors, neutral tones, and rent-ready condition—currently marketed at $1,095/month. Behind it, a fully occupied duplex provides steady rental income. One unit is leased at $595/month, while the other, occupied by a long-term tenant, is rented below market value at $500/month, offering potential for future rent increases.With long-term annual leases in place and professional management handling the details, this property is a hassle-free investment. Whether you're looking to expand your portfolio or secure your first rental property, this cash-flowing asset is a smart choice. Call or text today for more details!All measurements are approximate and not guaranteed, buyer to verify. Buyer to verify all information during due diligence.

Last Agent to Sell the Property

Rameh Khazen

Bellator Real Estate LLC Mobile License #93507 Listed on: 04/02/2025

Bellator Real Estate LLC Mobile

Last Buyer's Agent

Rameh Khazen

Bellator Real Estate LLC Mobile License #93507 Listed on: 04/02/2025

Bellator Real Estate LLC Mobile

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,126

Year Built

  • Built in 1943

Lot Details

  • 11,326 Sq Ft Lot
  • Lot Dimensions are 76x150x77x150
  • Level Lot

Home Design

  • Triplex
  • Composition Roof
  • Asbestos

Interior Spaces

  • 1-Story Property
  • Furniture Can Be Negotiated
  • Wood Flooring

Parking

  • 3 Parking Spaces
  • On-Street Parking

Schools

  • Leinkauf Elementary School
  • Lillie B Williamson Middle School
  • Lillie B Williamson High School

Utilities

  • Central Heating and Cooling System

Community Details

  • 3 Units
  • Bon Air Estates Subdivision

Listing and Financial Details

  • Legal Lot and Block 38 / 38
  • Assessor Parcel Number 2910282002069

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,126

Year Built

Built in 1943

Lot Details

0.26 Acres

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Triplex
  • Property Condition: Resale
  • Year Built: 1943
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Income

Interior Features

  • Flooring: Wood
  • Window Features: None

Exterior Features

  • Construction Materials: Asbestos
  • Roof Type: Composition
  • Pool Private: No

Garage/Parking

  • Number Of Parking Spaces: 3
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Heating: Central
  • Utilities: Sewer Available, Water Available, Electricity Available

Condo/Co-op/Association

  • Subdivision Complex: BON AIR ESTATES

Lot Info

  • Acres: 0.2600
  • Lot: 38
  • Lot Features: Level
  • Lot Dimensions: 76x150x77x150
  • Parcel Number: 2910282002069
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Rental Info

  • Furnished: Negotiable

Tax Info

  • Taxes: 1126.00
  • Tax Year: 2024

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Leinkauf
  • High School: Lillie B Williamson
  • Middle School: Lillie B Williamson

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2025
Closed on
Jul 23, 2025
Sold by
Bought by
Seller's Agent
Rameh Khazen
Bellator Real Estate LLC Mobile
Buyer's Agent
Rameh Khazen
Bellator Real Estate LLC Mobile
List Price
$195,000
Sold Price
$177,500
Premium/Discount to List
-$17,500
-8.97%
Views
118
Current Estimated Value
$182,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,423
Avg. Annual Appreciation
3.52%

Purchase Details

Closed on
Jul 17, 2023
Sold by
Bought by

Purchase Details

Closed on
Aug 1, 2022
Sold by
Bought by

Purchase Details

Listed on
Mar 6, 2020
Closed on
May 7, 2020
Sold by
Bought by
Seller's Agent
Julie Brannon
Roberts Brothers West
Buyer's Agent
Melvin Hitchens
Acre Development, LLC
Sold Price
$85,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.41%
Original Mortgage
$63,750
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 11, 2016
Closed on
May 31, 2016
Sold by
Bought by
Seller's Agent
Tonya Wilson
Berkshire Hathaway Cooper & Co
Buyer's Agent
Julie Brannon
Roberts Brothers West
Sold Price
$66,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.43%
Original Mortgage
$65,295
Interest Rate
3.66%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 31, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,720
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
7.23%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$177,500 Delta South Title Inc
$125,000 Delta South Title
$39,900 Pipkin & Associates Llc
$85,000 Atc
$66,500 None Available
-- Slt
$51,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $63,750
Previous Owner $65,295
Previous Owner $42,720
Previous Owner $55,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/25/2025 07/25/25 Sold $177,500 +19732.4% $181 / Sq Ft
06/25/2025 06/25/25 Pending -- -- --
06/09/2025 06/09/25 Rented $895 0.0% --
05/21/2025 05/21/25 Under Contract -- -- --
04/14/2025 04/14/25 Price Changed $895 0.0% $1 / Sq Ft
04/02/2025 04/02/25 For Sale $195,000 0.0% $199 / Sq Ft
03/25/2025 03/25/25 Price Changed $1,095 -15.4% $1 / Sq Ft
02/28/2025 02/28/25 For Rent $1,295 0.0% --
05/08/2020 05/08/20 Sold $85,000 +27.8% $85 / Sq Ft View Prior Sale
03/06/2020 03/06/20 Pending -- -- --
05/31/2016 05/31/16 Sold $66,500 -- $67 / Sq Ft View Prior Sale
03/17/2016 03/17/16 Pending -- -- --
Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,041 $16,240 $2,000 $14,240
2024 $1,041 $17,740 $2,000 $15,740
2023 $1,087 $17,120 $2,000 $15,120
2022 $1,050 $16,540 $2,000 $14,540
2021 $1,050 $16,540 $2,000 $14,540
2019 $504 $7,940 $960 $6,980
2018 $513 $8,080 $0 $0
2017 $513 $8,080 $0 $0
2016 $528 $8,320 $0 $0
2013 $481 $7,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rameh Khazen

    Seller's Agent in 2025

    Rameh Khazen

    Bellator Real Estate LLC Mobile

    (251) 786-4673

    7 in this area

    286 Total Sales

    Rameh Khazen
    Section Image

  • T

    Seller's Agent in 2025

    The Rent Experts

    The Rent Experts INC

    (251) 299-2100

    The Rent Experts
    Section Image
  • Doug Walley

    Seller Co-Listing Agent in 2025

    Doug Walley

    The Rent Experts INC

    (251) 895-4273

    Doug Walley
    Section Image
  • Julie Brannon

    Seller's Agent in 2020

    Julie Brannon

    Roberts Brothers West

    (251) 680-1281

    2 in this area

    34 Total Sales

    Julie Brannon
    Section Image

  • M

    Buyer's Agent in 2020

    Melvin Hitchens

    Acre Development, LLC

    Section Image

  • T

    Seller's Agent in 2016

    Tonya Wilson

    Berkshire Hathaway Cooper & Co

See All Agents

Map

Source: Gulf Coast MLS (Mobile Area Association of REALTORS®)

MLS Number: 7554151

Gulf Coast MLS (Mobile Area Association of REALTORS®)

APN: 29-10-28-2-002-069

Alabama Mobile County Mobile 36606 Rickarby

512 Williams St, Mobile, AL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Gulf Coast MLS (Mobile Area Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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