$679,000
$60K PRICE DROP

531 W Laurel Ave Foley, AL 36535

Estimated payment $3,964/month

Total Views 8,383
6 Beds
6 Baths
3,743 Sq Ft
$181 Price per Sq Ft

Highlights

  • Garage Apartment
  • Wood Flooring
  • No HOA
  • Senior Community
  • End Unit
  • Attached Garage

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.

Listing Agent

Alla Nikitina

Ryals Realty Services, Inc Brokerage Email: allanikitina@ryalsrealty.com Listed on: 09/13/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,953

Year Built

  • Built in 1925

Lot Details

  • 0.59 Acre Lot
  • Lot Dimensions are 140 x 185
  • End Unit
  • No Units Located Below

Home Design

  • Brick or Stone Mason
  • Tile Roof
  • Metal Roof

Interior Spaces

  • 3,743 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fire and Smoke Detector
  • Electric Range

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Parking

  • Attached Garage
  • Garage Apartment

Schools

  • Foley Elementary School
  • Foley Middle School
  • Foley High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 055409293000005.002

Community Details

Overview

  • Senior Community
  • No Home Owners Association

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,953

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • View: None/Not Applicable
  • Parcel Number: 055409293000005.002
  • Year Built: 1925
  • Property Sub-Type: Multi Family
  • ResoCommunityFeatures: 55 Plus Community, Other
  • ResoLaundryFeatures: Common Area
  • Lot Size Acres: 0.59
  • ResoSecurityFeatures: Smoke Detector(s)
  • Attribution Contact: allanikitina@ryalsrealty.com
  • Co List Office Phone: 251-747-0097
  • Ownership: Whole/Full
  • MLS Status: Active
  • Subdivision Name: None
  • ResoBuildingAreaSource: Assessor
  • Carport Y N: No
  • Reso Interior Features: Ceiling Fan(s)
  • Unit Levels: Two
  • Living Area: 3743
  • New Construction: No
  • ResoPropertyCondition: Resale
  • Reso Structure Type: Multi-Story, Garage Apartment
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Electric Range, Cooktop
  • Full Bathrooms: 6
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Tile, Wood, Laminate
  • Dining Room Features: See Remarks
  • Master Bedroom Features: Other - See Remarks

Exterior Features

  • Roof: Metal, Tile
  • Waterfront: No
  • View: No
  • Waterfront Features: No Waterfront
  • Disclosures: Seller Lic RE Agt
  • Home Warranty: No
  • Common Walls: Corner Unit, No One Below, Other-See Remarks
  • Construction Type: Brick, Block

Garage/Parking

  • Attached Garage: No
  • Parking Features: Attached, Three or More Vehicles

Utilities

  • Utilities: Riviera Utilities
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other
  • HeatingYN: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: Yes
  • Association: No

Schools

  • Middle Or Junior School: Foley Middle

Lot Info

  • Lot Dimensions: 140 x 185
  • Lot Size Sq Ft: 25700.4
  • ResoLotSizeUnits: Square Feet
  • Zoning Description: 2+ Family Residence

Tax Info

  • Tax Annual Amount: 2953

MLS Schools

  • Elementary School: Foley Elementary
  • HighSchool: Foley High

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 Price Changed $679,000 -2.9% $181 / Sq Ft
05/24/2025 05/24/25 Price Changed $699,000 -5.4% $187 / Sq Ft
09/13/2024 09/13/24 For Sale $739,000 -- $197 / Sq Ft
Source: Baldwin REALTORS®

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Source: Baldwin REALTORS®

MLS Number: 367907

Baldwin REALTORS®

Alabama Baldwin County Foley 36535

531 W Laurel Ave, Foley, AL

This home is located at 531 W Laurel Ave, Foley, AL 36535 and is currently priced at $679,000, approximately $181 per square foot. This property was built in 1925. 531 W Laurel Ave is a home located in Baldwin County with nearby schools including Foley Elementary School, Foley Middle School, and Foley High School.

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.

Baldwin 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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Alla Nikitina
Listing Agent
Alla Nikitina
Section Image
Ryals Realty Services, Inc
(251) 512-3486