263 S Broad St, Mobile, AL 36603
Property image
Property image
OFF MARKET

263 S Broad St
Mobile, AL 36603

Texas Street
  • Studio
  • 5,149 sqft (on 0.48 acres)
Studio
5,149 sqft
(on 0.48 acres)

Local Information

  • Map ViewExplore the area around 263 S Broad St.
  • Schools1 Preschool School1 Elementary School1 Middle School2 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Description

Explore the best cash flow opportunity in Historic Mobile! Owner indicates this property generates $150,000 net income annually and has approximately 90% occupancy. 42 units of simply furnished single room boarding, efficiency apartments and apartment homes, easily housed in 5 adjacent buildings that share parking & fire/sprinklers. Central bathrooms accommodate boarding rooms on each floor, and efficiency and apartments offer private baths. Long term tenants in many rooms/apartments. Don't miss out on this opportunity to capitalize on this strong ROI!
263 S Broad St, Mobile, AL 36603 is a studio, 5,149 sqft apartment in Texas Street. It last sold for $373,695 on Apr 20, 2023. It is currently off market. The Trulia Estimate rent is $1,368/month.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 263 S Broad St

Interior Features

Heating & Cooling
Heating: OtherHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1Floors: Hardwood, Linoleum Vinyl
Interior Details
Number of Rooms: 6
Appliances & Utilities
Refrigerator

Exterior Features

Exterior Home Features
Roof: CompositionExterior: Wood, Brick, Cement Concrete

Property Information

Property Type / Style
Property Type: Apartment
Year Built
Year Updated: 1976

Community

Units in Building: 1

Lot Information

Lot Area: 0.48 acres

Price History for 263 S Broad St

DatePriceEventSource
04/20/2023$373,695Sold
N/A
05/30/2017$550,000ListingRemovedAgent Provided
01/27/2017$550,000Listed For SaleAgent Provided
11/16/2016$265,000ListingRemovedAgent Provided
05/14/2016$265,000Listed For SaleAgent Provided
10/20/2015$150,000ListingRemovedAgent Provided
03/19/2015$150,000Listed For SaleAgent Provided

Market trends in Mobile

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$217K
$3.33KMoM
Sale-to-List Price
98.6%
Price per sq ft
$132
$3MoM
Available listings
1060
18MoM
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Property Tax and Assessment

Year2025
Tax$1,731
Assessment$136,300
Home facts updated by county records

Comparable Sales for 263 S Broad St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
262 Roper St, Mobile, AL
0.50
Apartment
$412,000
09/18/25
2
2
1,500
308 Saint Louis St, Mobile, AL
0.92
Apartment
$286,000
11/03/25
2
2
1,225
Address Not Disclosed, Mobile, AL
0.88
Apartment
$265,000
04/18/22
2
1
-
412 Dauphin St #E, Mobile, AL
0.72
Apartment
$218,500
07/31/25
1
-
402 Michigan Ave #ID1043648P, Mobile, AL
0.99
Apartment
$198,900
06/15/26
3
3
1,496
1551 Monterey Pl #B, Mobile, AL
1.25
Apartment
$490,000
07/22/25
2
1
1,000
1600 Government St #3D, Mobile, AL
1.37
Apartment
$102,000
12/03/25
1
1
650
1106 Ross St, Mobile, AL
1.37
Apartment
$8,000
10/15/25
3
2
1,300
2405 Spring Hill Ave, Mobile, AL
2.73
Apartment
$269,000
03/26/26
1
1
700
Home facts updated by county records

Nearby homes

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Assigned Schools

These are the assigned schools for 263 S Broad St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Texas Street
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Texas Street

At least 2 Trulia users voted on each feature.

  • 100 % Say there are sidewalks

  • 100 % Say parking is easy

  • 100 % Say it's walkable to restaurants

  • 83 % Say car is needed

  • 75 % Say it's walkable to grocery stores

  • 67 % Say yards are well-kept

  • 67 % Say kids play outside

  • 50 % Say it's quiet

  • 50 % Say they plan to stay for at least 5 years

  • 50 % Say people would walk alone at night

  • 40 % Say it's dog friendly

  • 40 % Say there's wildlife

  • 25 % Say there's holiday spirit

  • 24 % Say neighbors are friendly

  • 20 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • Catlinmaxine
    "Close to Parade Routes, restaurants, Downtown, transportation, conventions center, Parks area attractions. "
    0
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LGBTQ Local Legal Protections

Apartments for Rent

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Explore by feature - Pet Friendly

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Explore by feature - Outdoor Space

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Homes for sale near 263 S Broad St

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Off Market Homes Near 263 S Broad St

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