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606,,,706 N Alston Street, Foley, AL 36535

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For Sale

$1,650,000

20 beds • 10 baths • 9,984 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $165.26
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

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.
MLS# 381247

Courtesy Of RE/MAX Paradise

(251) 948-8000

Property Features

  • Age
    41-50 Years Old
  • Architecture Style
    Other
  • Floor Covering
    Vinyl
  • Roof Type
    Metal

Map and Directions

Directions to 606,,,706 N Alston Street, Foley, AL 36535

Home seller CENTURY 21 J. Carter & Company

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 J. Carter & Company

(251) 967-2121
Learn More About Us

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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Baldwin County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' 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 being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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