531 W Laurel Ave, Foley, AL, 36535
About This Home
This charming six-plex, built in 1925, is a historical gem located just steps from Foley Downtown. With only four owners in nearly a century, this property sits on a little over half an acre. Currently operated as a 55+ community, it's consistently 100% occupied. Walking distance to Foley Elementary and Middle Schools, and downtown with all you need doctor's offices, vet clinic, restaurants, shops - you name it. South Baldwin Regional Medical Center, Police Department, Municipal Court, DMV, Riviera Utilities and more are located within 2 miles radius. The two-story building houses six units, each offering 1 bedroom and 1 bathroom and its own kitchen. Five units are on the main floor, while one occupies the upstairs level. All units come equipped with individual mini-split A/C systems. Coin laundry is available for common use. There's also a full basement, not in use by tenants, offering extra potential. Ample on-site parking is available for tenant convenience. Utilities are included in the tenant's monthly payments. The property underwent a renovation in 2018, with updated electrical, plumbing, sprinkler, and smoke detector systems, ensuring modern functionality in a historic setting. Buyer to verify all information during due diligence.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1925
Materials
- Roof: Metal,Tile
- Construction materials: Brick,Block
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Apartment
Interior
Appliances
- Appliances included: Electric Range,Cooktop
- Laundry features: Common Area
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Dining Room
- Features: See Remarks
Features
- Ceiling Fan(s)
- Flooring: Tile,Wood,Laminate
- Common walls with other units/homes: Corner Unit,No One Below,Other-See Remarks
Heating & Cooling
- Heating features: Other
- Cooling features: Other
Interior Area
- Total structure area: 3,743
- Total interior livable area: 3,743 sqft
Master Bedroom
- Features: Other - See Remarks
Property
Details
- Parcel number: 055409293000005.002
- Zoning description: 2+ Family Residence
Features
- Levels: Two,Multi/Split
- Has view: Yes
- View description: None
- Waterfront features: No Waterfront
Lot
- Lot size: 0.59 Acres
- Lot size dimensions: 140 x 185
Parking
- Parking features: Attached,Three or More Vehicles
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Tornado
- Cold Wave
- Heat Wave
- Inland Flooding
- Strong Wind
- Wildfire
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Alabama Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,433 | $41,196 |
| Home Insurance * | $494 | $5,928 |
| Property Taxes | $164 | $1,968 |
| Electricity | $418 | $5,025 |
| Total | $4,509 | $54,108 |
Income You'd Need if You Spent...
Alabama FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-07-16 | Price change | $679,000 |
| 2025-05-24 | Price change | $699,000 |
| 2024-09-13 | Listed for sale | $739,000 |
| 2024-02-12 | Listing removed | -- |
| 2023-09-25 | Listed for sale | $639,000 |
| 2023-09-22 | Listing removed | -- |
| 2023-02-21 | Price change | $639,000 |
| 2022-10-05 | Price change | $649,000 |
| 2022-09-20 | Listed for sale | $589,000 |
| 2022-09-20 | Pending sale | $589,000 |
| 2022-09-19 | Listed for sale | $589,000 |
| 2022-08-25 | Pending sale | $589,000 |
| 2022-08-04 | Price change | $589,000 |
| 2022-02-18 | Price change | $640,000 |
| 2022-01-02 | Price change | $635,000 |
| 2021-12-14 | Price change | $640,000 |
| 2021-11-15 | Listed for sale | $650,000 |
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