Is a car needed in Central Business District, Mobile, AL?

As of early 2026, 82% of users say car is needed

Is Central Business District, Mobile, AL walkable to restaurants?

As of early 2026, 82% of users say it's walkable to restaurants

Are yards well-kept in Central Business District, Mobile, AL?

As of early 2026, 80% of users say yards are well-kept

Is Central Business District, Mobile, AL dog-friendly?

As of early 2026, 65% of users say it's dog friendly

Does Central Business District, Mobile, AL have sidewalks?

As of early 2026, 63% of users say there are sidewalks

Does Central Business District, Mobile, AL show holiday spirit?

As of early 2026, 61% of users say there's holiday spirit

Are the streets well-lit in Central Business District, Mobile, AL?

As of early 2026, 55% of users say streets are well-lit

Do residents of Central Business District, Mobile, AL plan to stay at least 5 years?

As of early 2026, 52% of users say they plan to stay for at least 5 years

Is parking easy in Central Business District, Mobile, AL?

As of early 2026, 50% of users say parking is easy

Do kids play outside in Central Business District, Mobile, AL?

As of early 2026, 50% of users say kids play outside

Is Central Business District, Mobile, AL quiet?

As of early 2026, 48% of users say it's quiet

Would people walk alone at night in Central Business District, Mobile, AL?

As of early 2026, 47% of users say people would walk alone at night

Is Central Business District, Mobile, AL walkable to grocery stores?

As of early 2026, 45% of users say it's walkable to grocery stores

Is there wildlife in Central Business District, Mobile, AL?

As of early 2026, 42% of users say there's wildlife

Are neighbors friendly in Central Business District, Mobile, AL?

As of early 2026, 35% of users say neighbors are friendly

Are there community events in Central Business District, Mobile, AL?

As of early 2026, 33% of users say there are community events

What is 503 Monroe St estimated to be worth?

Trulia's estimated value for 503 Monroe St in Mobile, AL is $408,500 .

Is Mobile a buyer's or seller's market?

Mobile is currently a buyer's market, based on recent for-sale activity.

What's the median sale price in Mobile?

The median sale price in Mobile is $230K. That is up $6.35K from the prior month.

What do residents say about the Central Business District neighborhood?

Residents describe the Central Business District neighborhood in Mobile, AL as walkable to restaurants, well-kept, and dog-friendly. See recently sold homes in Central Business District, Mobile .

OFF MARKET

$408,500

Trulia Estimate

Studio
4 Baths
3,220 sqft

503 Monroe St, Mobile, AL 36602

Central Business District

Est. Refi. Payment $2,457/mo*

Refinance Your Home

Home Value

Trulia Estimate

$409K

Since last month

$6K (+1.5%)

Since last year

$33K (-7.5%)

Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +46% in the last 10 years

Month	Estimated value
2026
September 2026	$410K
August 2026	$404K
July 2026	$403K
June 2026	$411K
May 2026	$421K
April 2026	$419K
March 2026	$424K
February 2026	$405K
January 2026	$423K
2025
December 2025	$420K
November 2025	$426K
October 2025	$426K
September 2025	$443K
August 2025	$445K
July 2025	$444K
June 2025	$435K
May 2025	$429K
April 2025	$426K
March 2025	$430K
February 2025	$413K
January 2025	$424K
2024
December 2024	$427K
November 2024	$438K
October 2024	$470K
September 2024	$439K
August 2024	$435K
July 2024	$473K
June 2024	$455K
May 2024	$456K
April 2024	$453K
March 2024	$433K
February 2024	$429K
January 2024	$439K
2023
December 2023	$430K
November 2023	$434K
October 2023	$438K
September 2023	$420K
August 2023	$437K
July 2023	$431K
June 2023	$434K
May 2023	$406K
April 2023	$412K
March 2023	$402K
February 2023	$385K
January 2023	$389K
2022
December 2022	$401K
November 2022	$410K
October 2022	$415K
September 2022	$413K
August 2022	$417K
July 2022	$420K
June 2022	$423K
May 2022	$422K
April 2022	$414K
March 2022	$401K
February 2022	$392K
January 2022	$390K
2021
December 2021	$373K
November 2021	$373K
October 2021	$372K
September 2021	$373K
August 2021	$372K
July 2021	$374K
June 2021	$388K
May 2021	$398K
April 2021	$359K
March 2021	$343K
February 2021	$340K
January 2021	$336K
2020
December 2020	$335K
November 2020	$334K
October 2020	$334K
September 2020	$331K
August 2020	$304K
July 2020	$300K
June 2020	$288K
May 2020	$290K
April 2020	$287K
March 2020	$307K
February 2020	$364K
January 2020	$357K
2019
December 2019	$344K
November 2019	$334K
October 2019	$324K
September 2019	$319K
August 2019	$319K
July 2019	$315K
June 2019	$307K
May 2019	$297K
April 2019	$297K
March 2019	$290K
February 2019	$296K
January 2019	$292K
2018
December 2018	$291K
November 2018	$288K
October 2018	$287K
September 2018	$301K
August 2018	$291K
July 2018	$273K
June 2018	$278K
May 2018	$268K
April 2018	$266K
March 2018	$273K
February 2018	$278K
January 2018	$279K
2017
December 2017	$287K
November 2017	$274K
October 2017	$266K
September 2017	$266K
August 2017	$268K
July 2017	$276K
June 2017	$279K
May 2017	$279K
April 2017	$282K
March 2017	$283K
February 2017	$285K
January 2017	$272K
2016
December 2016	$289K
November 2016	$287K
October 2016	$282K
September 2016	$280K

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.

Address	Distance	Property Type	Sold Price	Sold Date	Bed	Bath	Sqft
269 Dearborn St, Mobile, AL	0.38	Multi-Family Home	$570,000	07/30/26		3	2,310
910 Elmira St, Mobile, AL	0.71	Multi-Family Home	$260,000	05/12/26		3	3,472
111 N Julia St, Mobile, AL	1.34	Multi-Family Home	$195,000	06/24/26	4	2	2,337
958 Kentucky St, Mobile, AL	1.42	Multi-Family Home	$35,000	12/09/25	3	1	1,380
1671 Government St, Mobile, AL	1.97	Multi-Family Home	$268,000	11/25/25		1	2,528
1557 Eslava St, Mobile, AL	1.72	Multi-Family Home	$75,000	12/01/25		1	2,414

Home facts updated by county records

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.

Address	Distance	Price	Bed	Bath	Sqft	Status
507 Monroe St, Mobile, AL 36602	0.01	$651,400	4	3	3,300	Off Market
509 Monroe St, Mobile, AL 36602	0.02	$321,400	2	1	1,622	Off Market
515 Monroe St, Mobile, AL 36602	0.03	$431,100	2	2	1,896	Off Market
215 S Cedar St, Mobile, AL 36602	0.05	$259,300	3	1	1,609	Off Market
506 Eslava St, Mobile, AL 36602	0.06	$267,700	2	2	1,310	Off Market
224 S Lawrence St, Mobile, AL 36602	0.06	$625,500	3	3	5,158	Off Market
300 S Royal St, Mobile, AL 36603	0.40	-	Studio	2	3,804	Off Market
2672 Cotton St, Mobile, AL 36607	3.75	$131,100	3	1	1,595	Off Market
611 May St, Mobile, AL 36607	3.77	-	Studio	1	1,326	Off Market
2702 Fillingim St, Mobile, AL 36607	3.76	-	2	1	1,503	Off Market
607 May St, Mobile, AL 36607	3.76	$104,700	3	1	1,204	Off Market
2704 Fillingim St, Mobile, AL 36607	3.77	-	Studio	1	1,014	Off Market

Local Information

Map ViewExplore the area around 503 Monroe St.
Schools1 Preschool School1 Elementary School1 Middle School2 High Schools
Shop & Eat

-- mins to

Commute Destination

Home Highlights

Multi-Family

Built in 1984

3,220 sqft

$127/sqft

Garage

About this House

This multi-family home is located at 503 Monroe St, Mobile, AL. 503 Monroe St is in the Central Business District neighborhood in Mobile, AL and in ZIP code 36602. This property has 4 bathrooms and approximately 3,220 sqft of floor space. This property has a lot size of 5357 sqft and was built in 1984.

503 Monroe St, Mobile, AL 36602 is a studio, 4 bathroom, 3,220 sqft multi-family in Central Business District, built in 1984. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $408,500, with a rent estimate of $1,313/month.

Home Details for 503 Monroe St

Interior Features
Levels, Entrance, & Accessibility Stories: 2Floors: Tile, Other, Carpet
Interior Details Number of Rooms: 22
Heating & Cooling Air Conditioning
Fireplace & Spa Fireplace

Exterior Features
Exterior Home Features Roof: AsphaltExterior: Wood, Brick
Parking & Garage GarageParking: Garage Attached

Property Information
Year Built Year Built: 1984Year Updated: 1991
Property Type / Style Property Type: Multi Family

Community
Units in Building: 2

Lot Information
Lot Area: 5357 sqft

Price and Tax history

Year	Property tax	Tax assessment
2025	$3,532	$278,100

Home facts updated by county records

Additional Cost

Market trends in Mobile

Last updated August 2026

Avg. sale price

$230K

$6.35KMoM

Sale-to-List Price

98.9%

0.3%MoM

Price per sq ft

$134

$0MoM

Available listings

1105

15MoM

Around this home

Florence Howard Elementary School
PK-5
Public
470 Students
Mobile County School District
7/10
GreatSchools Rating
Parent Rating Average
No reviews available for this school.

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

Central Business District

13 Homes For You
Buy: $205k - $350k

See Local Highlights

Neighborhood stats provided by third party data sources.

What Locals Say about Central Business District

At least 11 Trulia users voted on each feature.

82 % Say car is needed
82 % Say it's walkable to restaurants
80 % Say yards are well-kept
65 % Say it's dog friendly
63 % Say there are sidewalks
61 % Say there's holiday spirit
55 % Say streets are well-lit
52 % Say they plan to stay for at least 5 years
50 % Say parking is easy
50 % Say kids play outside
48 % Say it's quiet
47 % Say people would walk alone at night
45 % Say it's walkable to grocery stores
42 % Say there's wildlife
35 % Say neighbors are friendly
33 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.

Robert lombard
Resident
2y ago
"Great historic area. Former mayors. Widows if univrtsiyirs. Lawyers. Common blue collars. Great mix Callaghan’s 1946 Irish pub. "
1
Flag
Morgan.t.moss
Resident
6y ago
"There’s a quaint and well kept dog park in the area. Every dog I’ve seen around here has been leashed. "
0
Flag
Shauna K.
Visitor
8y ago
"not much crime friendly neighbors quite and well lit pet friendly and has a neighbourhood park. and a river in back of neighborhood dauphin island parkway"
4
Flag

LGBTQ Local Legal Protections

Frequently asked questions about 503 Monroe St

What is 503 Monroe St estimated to be worth?
Trulia's estimated value for 503 Monroe St in Mobile, AL is $408,500.
Is Mobile a buyer's or seller's market?
Mobile is currently a buyer's market, based on recent for-sale activity.
What's the median sale price in Mobile?
The median sale price in Mobile is $230K. That is up $6.35K from the prior month.
What do residents say about the Central Business District neighborhood?
Residents describe the Central Business District neighborhood in Mobile, AL as walkable to restaurants, well-kept, and dog-friendly. See recently sold homes in Central Business District, Mobile.