531 West Laurel Avenue

Foley, AL 36535

$679,000
Price
6
Beds
3,743 Sq. Ft.
$181 / Sq. Ft.
3,743
Sq. Ft.
$181
per Sq. Ft.
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Description

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...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.
  1. Listed by Alla Nikitina • Ryals Realty, Inc
    P: (251)-923-6475 C: (251)-923-6475 allanikitina@ryalsrealty.com

Property Details for 531 West Laurel Avenue

Architectural Style
Multi Story
Zoning Types
Multi Family
View
None/Not Applicable
LISTING UPDATED: 04/01/2026 09:29 PM

Property Details for 531 West Laurel Avenue

StatusActive
MLS #367907
Days on Market670
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Four To Ten Units
Year Built1925
Lot Size0.59 AC / 25,700 SF
CountyBaldwin County
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Location

Listing Courtesy of Ryals Realty, Inc
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Building Information for 531 West Laurel Avenue

Stories-Residences-Year Built1925Building Size-Lot Size0.59 AC / 25,700 SF

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$3,384 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,384

Property Taxes

$0

HOA Dues

$0

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Property Information for 531 West Laurel Avenue

Summary
Location and General Information
  • County Area: Foley2
  • Coordinates: -87.694132, 30.406219
  • Directions: When headed Hwy 59 South, on the intersection of US Hwy 98 and 59 - take East towards West Laurel Ave. Property will be located on left hand side right before the St Margaret of Scotland Catholic Parish.
  • Latitude: 30.406219
  • Longitude: -87.694132
  • Governing Municipality: Foley
  • Intersecting Street: S Schumacher Str
  • Flood Zone: X
  • Water Property Type: No Waterfront
Taxes and HOA
  • Has Additional Parcels: No
  • Association Fee Frequency: Monthly
  • Association: No
  • Tax Legal Description: 140' X 185'(S) BEG AT INT OF E R/W OF SCHUMACHER ST & S R/W OF US HWY 98, RUN TH E ALG SD HWY 140', TH S 185'(S), TH W 1 40', TH N 185'(S) TO POB & BEING PT LOT 6 THIELEN & SCHUMACH ER ADDN TO FOLEY CONTAINING .6 ACRES IN THE CITY OF FOLEY SE C 29-T7S-R4E (WD)
  • Parcel Number: 05-54-09-29-3-000-005.002
  • Property Tax: 2953
School Information
  • Elementary School: Foley Elementary
  • Middle Or Junior School: Foley Middle
  • High School: Foley High
Parking
  • Parking Features: Attached, Three Or More Vehicles
Property
Lot Information
  • Lot Size Comments: 140 x 185
  • Lot Size Acres: 0.59
  • Living Area: 3743.0
  • Living Area Source: Tax Records
Property and Assessment
  • Construction Status: Resale
Property and Assessments
  • Sponsor Unit: false
  • Year Built: 1925
Building Features
  • Construction Foundation: Concrete Block
Financial Information
  • Current Financing: Conventional, Cash
Green Features
  • Green Verification: No
Utilities
  • Power Production: false
  • Utilities: Water City, Sewage City, Riviera Utilities
Interior and Exterior Features
Exterior Features
  • Exterior Finish: Brick
  • Property Amenities: Ceiling Fans, Other See Remarks
  • Community Amenities: 55Plus Community, Other See Remarks, Laundry Facilities
  • Roof: Tile, Metal
Interior Features
  • Heat Cooling: Other Heat See Remarks, Other Cooling See Remarks
  • Primary Bed Bath: Other See Remarks
  • Appliances: Cooktop, Electric Range, Smoke Detector
  • Dining Area: Other See Remarks
  • Property Interior Stories: Two
  • Full Bathrooms: 6
  • Bathrooms Total Decimal: 6.00
  • Total Bathrooms: 6
  • Total Bedrooms: 6
  • Flooring: Tile, Wood, Laminate
Multi Family
Multi Family Information
  • Unit Type: Corner Unit, Ground Floor, Garage Apartment, Other See Remarks
Rental
Rent Information
  • Rentals Allowed: Yes
  • Rental Info Source: Home Owner
  • Rental Type: Long Term

Property History for 531 West Laurel Avenue

DateEvent & SourcePriceAppreciation
Jul 15, 2025

Price Change

Baldwin REALTORS #367907

$679,000—
Sep 13, 2024

Listed (Active)

Baldwin REALTORS #367907

$739,000—
Feb 12, 2024

Temporarily Off Market

Baldwin REALTORS #352182

$639,000—
DateEvent & SourcePrice
07/15/2025

Price Change

Baldwin REALTORS #367907

$679,000
09/13/2024

Listed (Active)

Baldwin REALTORS #367907

$739,000
02/12/2024

Temporarily Off Market

Baldwin REALTORS #352182

$639,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 531 West Laurel Avenue

This home is within Baldwin County School District.
Rating
School
Type
Grades
Distance
Foley Elementary School
Public - PK to 6
Foley Middle School
Public - 7 to 8
Foley High School
Public - 9 to 12
South Baldwin Center For Tech
Public - 9 to 12
Rating
School
Distance
Foley Elementary School
PublicPK to 6

Foley Middle School
Public7 to 8

Foley High School
Public9 to 12

South Baldwin Center For Tech
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 531 West Laurel Avenue, Foley, AL 36535

531 West Laurel Avenue is a multi-family home for sale in Foley, AL 36535. This property was listed for sale on September 13, 2024 by Ryals Realty, Inc, it's currently listed at $679,000. This listing's school district is Baldwin County School District. Nearby schools include Foley Elementary School, Foley Middle School and Foley High School. 531 West Laurel Avenue is a 6-bed, 6-bath, 3,743 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ryals Realty, Inc

IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.