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Sold for $35,000
  • $35,000

    565 Cedar Ave, Mobile, AL 36603

    2beds
    1,032sqft
    Single Family Residence
    Built in 1935
    4,116.42 Square Feet Lot
    $35,000 Zestimate®
    $34/sqft
    $1,017 Estimated rent

    Home value

    $35,000

    $33,000 - $37,000

    $1,017/mo

    Zestimate® history
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    $1,017/mo

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    $163/mo

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    $163/mo

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    What's special

    Investor Alert! Opportunity knocks at 565 Cedar Avenue in 36603 - a large lot property just minutes from downtown Mobile. Sold as is, this home is ready for the right buyer to unlock its true potential. Why this property is a rare find: Huge land upside - the lot size gives flexibility for rebuilds, additions or even subdivision (subject to zoning) in one of Mobile's most central areas. Proximity to downtown + River Walk Plaza project - major investments are being made to activate the downtown waterfront with mixed-use retail, residential, hospitality, and lifestyle amenities. Infrastructure & revitalization underway - downtown streets like St. Louis are being upgraded with new lighting, sidewalks, street beautification, ADA improvements and better drainage. Full momentum is building for growth. Strong rental /redevelopment demand - Mobile's market shows steady appreciation, growing demand, especially for affordable housing and working-class renters. Lower acquisition cost + high demand = strong cash-flow potential. City programs targeting blight & vacant properties - there are local initiatives (like the Neighborhood Renewal Program) aimed at improving titled & tax-delinquent properties. Investors who rehab could benefit from these incentives. Please note: there's been evidence of past squatters (none now), so use caution when viewing. Don't miss this chance to get in early, roll up your sleeves, and create substantial value. Whether you rebuild, renovate, rent, or flip, 565 Cedar Avenue offers the blank slate to make a profitable play. Call today to schedule a showing! No sign on property - please reference address. Buyer responsible for verifying all measurements and relevant details. 2026-02-20

    Zillow last checked: 13 hours ago

    Source: Roberts Brothers,MLS#: 7657176

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Features
    • Has basement: No
    • Has fireplace: Yes
    Interior area
    • Total structure area: 1,032
    • Total interior livable area: 1,032 sqft

    Property

    Parking
    • Parking features: Carport
    • Has carport: Yes
    Lot
    • Size: 4,116 sqft
    Details
    • Parcel number: R022906130003121

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Vinyl
    Condition
    • Year built: 1935

    Community & neighborhood

    Location
    • Region: Mobile
    • Subdivision: Wolff Heights

    Price history

    DateEventPrice
    3/23/2026Sold$35,000+59.1%$34/sqft
    Source: Public Record Report a problem
    12/29/2025Pending sale$22,000$21/sqft
    Source: GCMLS #7657176 Report a problem
    10/1/2025Listed for sale$22,000+46.7%$21/sqft
    Source: GCMLS #7657176 Report a problem
    8/8/2025Listing removed$15,000$15/sqft
    Source: GCMLS #7598082 Report a problem
    8/5/2025Price change$15,000-25%$15/sqft
    Source: GCMLS #7598082 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$279 +6.8%$4,400 +6.8%
    2024$262 +18.4%$4,120 +18.4%
    2023$221 $3,480

    Find assessor info on the county website

    Neighborhood: Fisher

    Nearby schools

    GreatSchools rating