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$679,000

  • For Sale
  • Active
  • Multi-Family
  • 0.59 Acres
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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.

Full Property Details for 531 W Laurel Ave

General

  • Price: $679,000
  • Taxes: $2,953
  • Status: Active
  • Type: Multi-Family
  • Source: 934
  • MLS ID: 367907
  • Updated: 7/16/2025
  • Added to Site: 490 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s)
  • Appliances: Electric Range, Cooktop
  • Flooring: Tile, Wood, Laminate

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 6

Bedrooms

  • Total Bedrooms: 6
  • Primary Bedroom: Other - See Remarks

Other Rooms

  • Dining Room: See Remarks
  • Laundry: Common Area

Additional Information

  • Shared Amenities: 55 Plus Community, Other
  • Security/Safety: Smoke Detector(s)

Parking

  • Parking Features: Attached, Three or More Vehicles

Location

  • Area: Foley 2
  • County: Baldwin
  • Subdivision: None
  • Cross Streets: S Schumacher Str
  • Driving Directions: When headed Hwy 59 South, on the intersection of US Hwy 98 and 59 - take East towards West Laurel Ave. Property will be located on left hand side right before the St Margaret of Scotland Catholic Parish.

School Information

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

Community

  • Adult Community: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Other
  • Heating Type: Other

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Riviera Utilities

Structural Information

  • Structure Type: Multi-Story, Garage Apartment
  • Exterior Const.: Brick, Block
  • Roof: Metal, Tile
  • Common Walls: Corner Unit, No One Below, Other-See Remarks
  • Building Size: 3743
  • Square Feet: 3,743
  • Sq. Ft. Source: Assessor
  • Year Built: 1925
  • Property Condition: Resale

Lot Features

  • Property View: None/Not Applicable
  • Lot Size (Acres): 0.59
  • Lot Size (Sq. Ft.): 25,700.4
  • Lot Dimensions: 140 x 185
  • Zoning: 2+ Family Residence

Water Features

  • Water Front View: No Waterfront

Financial Considerations

  • Tax Amount: $2,953

Disclosures and Reports

  • Ownership: Whole/Full
  • Legal Description: 140' X 185'(S) BEG AT INT OF E R/W OF SCHUMACHER ST & S R/W OF US HWY 98, RUN TH E ALG SD HWY 140', TH S 185'(S), TH W 1 40', TH N 185'(S) TO POB & BEING PT LOT 6 THIELEN & SCHUMACH ER ADDN TO FOLEY CONTAINING .6 ACRES IN THE CITY OF FOLEY SE C 29-T7S-R4E (WD)
  • Property ID: 55409293000005.002

Listed by Ryals Realty Services, Inc

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Listing agent

— 531 W Laurel Ave —

  • Ryals Realty Services, Inc

allanikitina@ryalsrealty.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 531 W Laurel Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/16/2025
Price Reduced
$679,000
-2.86%
MLS
5/24/2025
Price Reduced
$699,000
-5.41%
MLS
9/13/2024
Listed
$739,000
109.41%
MLS
1/26/2018
Sold
$352,900
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 531 W Laurel Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,954
7%
$89,500
7%
2023
$2,759
-3%
$83,620
-3%
2022
$2,834
26%
$85,880
26%
2021
$2,256
—
$68,360
6%
2021
$2,256
47%
$64,740
40%
2019
$1,531
29%
$46,400
29%
2018
$1,190
—
$36,060
—
2017
$1,190
—
$36,060
—
2016
$1,190
6%
$36,060
6%
2015
$1,127
—
$34,160
—
2014
$1,127
—
$34,160
—
2013
$1,127
—
$34,160
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Ryals Realty Services, Inc

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531 W Laurel Avenue, Foley, AL 36535 (MLS# 367907) is a Multi-Family property with units containing 6 bedrooms and 6 full bathrooms. 531 W Laurel Avenue is currently listed for $679,000 and was received on September 13, 2024. Want to learn more about 531 W Laurel Avenue? Do you have questions about finding other Multi-Family real estate for sale in Foley? You can browse all Foley real estate or contact a Coldwell Banker agent to request more information.

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