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$600,000

  • For Sale
  • Active
  • Multi-Family
  • 0.3398 Acres
  • Updated 11 days ago
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Investor Alert!! Great investment opportunity in a convenient Midtown location! 266 Rickarby Street includes two separate 3-unit apartment buildings located at 264 and 266 Rickarby Street, situated just south of Government Street with easy access to major thoroughfares. The property features six fully occupied units, providing immediate rental income. The unit mix includes four 2-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments. Each unit offers hardwood floors and window HVAC units for heating and cooling. The property is serviced by gas, electricity, city water, and city sewer. All apartments are currently leased, with rents ranging from $500 to $800 per month, and one unit participating in the Section 8 program. Located just off Government Street and close to the Loop, the property offers easy access to shopping, dining, and major routes throughout the city, and is just minutes from downtown Mobile. With two buildings, six fully leased units, and a strong rental location, this property presents a fantastic opportunity for investors seeking a stable, income-producing asset. Buyer to verify all information during due diligence. *Year Built is Unknown.

Full Property Details for 266 Rickarby St

General

  • Price: $600,000
  • Taxes: $1,079
  • Status: Active
  • Type: Multi-Family
  • Source: 934
  • MLS ID: 393812
  • Updated: 3/24/2026
  • Added to Site: 15 day(s) ago

Interior

  • Interior Features: Living Room
  • Fireplace(s): None
  • Furnishings: Unfurnished
  • Flooring: Vinyl, Wood

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 6
  • Primary Bathroom: Single Vanity

Bedrooms

  • Total Bedrooms: 10

Other Rooms

  • Dining Room: Separate Dining Room

Additional Information

  • Shared Amenities: None
  • Security/Safety: Smoke Detector(s)

Parking

  • Parking Features: On Street

Location

  • Area: Mobile County
  • County: Mobile
  • Subdivision: Lee Place
  • Driving Directions: On Airport Blvd heading towards midtown. Turn right onto Little Flower Ave. Turn left onto Government St. Turn right onto Rickarby St.

School Information

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

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Window Unit(s)

Utilities

  • Gas: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Natural Gas Connected

Structural Information

  • Structure Type: Multi-Story
  • Exterior Const.: Stone
  • Roof: Composition
  • Common Walls: No One Below, No One Above
  • Building Size: 3576
  • Square Feet: 3,576
  • Sq. Ft. Source: Assessor
  • Property Condition: Resale

Lot Features

  • Property View: None/Not Applicable
  • Lot Size (Acres): 0.3398
  • Lot Size (Sq. Ft.): 14,801.688
  • Lot Dimensions: 100 x 148
  • Zoning: 2+ Family Residence

Water Features

  • Water Front View: No Waterfront

Green Features

  • Energy Efficient: None

Financial Considerations

  • Tax Amount: $1,079
  • Terms: Corporate Owned

Disclosures and Reports

  • Ownership: Whole/Full
  • Legal Description: LOTS 64 & 65 MUTHS SUB OF LEE PL MBK3/325 #SEC 28 T4S R1W #MP29 10 28 2 001
  • Property ID: 2910282001032XXX
  • Block: 64
  • Lot Number: 64

Listed by L L B & B, Inc.

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Listing agent

— 266 Rickarby St —

  • L L B & B, Inc.

PHONE: 251-342-3200

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

Schools serving 266 Rickarby St

School District:Mobile County School District
NameGradesDistance
Leinkauf Elementary School
1410 Monroe Street, Mobile, AL 36604
PK-50.9 mi
Lillie B Williamson High School
1567 East Dublin Street, Mobile, AL 36605
6-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 266 Rickarby St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/20/2026
Listed
$600,000
1233.33%
MLS
9/19/2019
Sold
$45,000
—
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 266 Rickarby St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,090
—
$17,000
—
2024
$1,090
4%
$17,000
4%
2023
$1,048
4%
$16,340
4%
2022
$1,012
—
$15,780
—
2021
$1,012
—
$15,780
—
2020
$1,012
-25%
$15,780
-26%
2019
$1,349
-2%
$21,240
-2%
2018
$1,372
—
$21,600
—
2017
$1,377
-11%
$21,680
-11%
2016
$1,542
7%
$24,280
7%
2015
$1,447
-4%
$22,780
-4%
2014
$1,507
-4%
$23,740
-4%
2013
$1,571
—
$24,740
—
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 L L B & B, Inc.

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266 Rickarby Street, Mobile, AL 36606 (MLS# 393812) is a Multi-Family property with units containing 10 bedrooms and 6 full bathrooms. 266 Rickarby Street is currently listed for $600,000 and was received on March 20, 2026. Want to learn more about 266 Rickarby Street? Do you have questions about finding other Multi-Family real estate for sale in Mobile? You can browse all Mobile real estate or contact a Coldwell Banker agent to request more information.

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