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$1,349,000

  • For Sale
  • Active
  • Multi-Family
  • 0.4304 Acres
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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.

Full Property Details for 606 706 N Alston St

General

  • Price: $1,349,000
  • Taxes: $6,717
  • Status: Active
  • Type: Multi-Family
  • Source: 934
  • MLS ID: 381247
  • Updated: 11/12/2025
  • Added to Site: 208 day(s) ago

Interior

  • Fireplace(s): None
  • Appliances: Other
  • Flooring: Luxury Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 10
  • Full Bathrooms: 10

Bedrooms

  • Total Bedrooms: 20

Additional Information

  • Shared Amenities: Fencing, None

Parking

  • Parking Features: On Street

Location

  • Area: Foley 2
  • County: Baldwin
  • Subdivision: Magnolia Sprg Lnd
  • Cross Streets: West Marigold Avenue
  • Driving Directions: From the intersection of Hwy 59 (S McKenzie St) and Perdido Beach Blvd (AL-182), travel north on Hwy 59 approximately 15.5 miles. Turn right onto W Laurel Ave (AL-98). Go 0.3 miles, then turn right onto N Alston Street. Property is located 0.2 miles ahead on the right at 700 Alston Street. 10 total apartments featuring two bedrooms and one bath each. This property includes ppin #'s 72683 and 48020. ** See attached document regarding zoning and rental information from the City of Foley.

School Information

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

Heating & Cooling

  • Heating Type: Electric

Structural Information

  • Structure Type: Single Story
  • Exterior Const.: Other-See Remarks
  • Roof: Metal
  • Stories/Levels: 1
  • Building Size: 8468
  • Square Feet: 8,468
  • Sq. Ft. Source: Assessor
  • Year Built: 1977
  • Property Condition: Resale

Lot Features

  • Property View: None/Not Applicable
  • Lot Size (Acres): 0.4304
  • Lot Size (Sq. Ft.): 18,750
  • Lot Dimensions: 150' x 125' + 2 more

Water Features

  • Water Front View: No Waterfront

Financial Considerations

  • Tax Amount: $6,717

Disclosures and Reports

  • Ownership: Whole/Full
  • Legal Description: LOTS 7-8 BLK 20 MAGNOLIA SPRINGS LAND CO ADDN TO CITY OF FOLEY SUB 150' X 125' LOTS 1-6 BLK 20 MAGNOLIA SPRINGS LAND CO ADDN TO CITY OF FOLEY SUB BLK 20 LOTS 1-8 150' X 125' IRR LOTS 4-6 BLK 58 MAGNOLIA SPRINGS LAND CO ADD N TO FOLEY SEC 29-T7S-R4E RP575 PG643
  • Property ID: 5409291000055.001
  • Block: multi
  • Lot Number: multi

Listed by RE/MAX Paradise

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— 606 706 N Alston St —

  • RE/MAX Paradise

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Price & Sales History for 606 706 N Alston St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/12/2025
Price Reduced
$1,349,000
-2.95%
MLS
9/24/2025
Price Reduced
$1,390,000
-6.53%
MLS
9/09/2025
Price Reduced
$1,487,150
-2%
MLS
8/25/2025
Price Reduced
$1,517,500
-8.03%
MLS
6/25/2025
Listed
$1,650,000
—
MLS
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 606 706 N Alston St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$199
-82%
$6,020
-82%
2023
$1,103
—
$33,420
—
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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606,,,706 N Alston Street, Foley, AL 36535 (MLS# 381247) is a Multi-Family property with units containing 20 bedrooms and 10 full bathrooms. 606,,,706 N Alston Street is currently listed for $1,349,000 and was received on June 25, 2025. Want to learn more about 606,,,706 N Alston Street? 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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