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$679,000
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Property Description
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
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: 7/30/2026
- Added to Site: 695 day(s) ago
Interior
- Interior Features: Ceiling Fan(s)
- Appliances: Cooktop, Electric Range, Smoke Detector
- Flooring: Tile, Wood, Laminate
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
- Primary Bathroom: OtherSeeRemarks
Bedrooms
- Total Bedrooms: 6
Additional Information
- Shared Amenities: FiftyFivePlusCommunity, OtherSeeRemarks, LaundryFacilities
Parking
- Parking Features: Attached, Three Or More Vehicles
Location
- Area: Gulf Shores
- County: Baldwin
- 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
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Other
- Heating Type: Other
Utilities
- Utility Description: Water City, Sewage City, Riviera Utilities
Structural Information
- Architectural Style: Multi Story
- Roof: Tile, Metal
- Stories/Levels: 2
- Building Size: 3743
- Square Feet: 3,743
- Sq. Ft. Source: Tax Records
- Year Built: 1925
Lot Features
- Property View: None/Not Applicable
- Lot Size (Acres): 0.59
Water Features
- Water Front View: No Waterfront
Financial Considerations
- Assoc Fee Freq.: Monthly
- 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)
- APN: 05-54-09-29-3-000-005.002
Listed by Ryals Realty, Inc
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Price & Sales History for 531 W Laurel Ave
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
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
Tax History for 531 W Laurel Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,146
6%
$95,340
7%
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
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 531 W Laurel Ave
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.

