Theodore, AL Apartment Market & Multifamily Brokerage
Mobile County, AL
Theodore is a smaller market — 4,964 residents and 8 tracked properties — but smaller doesn't mean inactive. Thin markets like this one are exactly where relationships matter more than broad marketing, since so few owners are getting called on directly.
At 84.6 apartment units per 1,000 residents, Theodore's housing mix runs close to the middle of the markets we track — neither oversupplied nor underserved on paper.
Average asking rent sits around $665/unit — soft relative to the broader footprint. That's the opening: well-located, well-run product has real room to push rent before it bumps into a ceiling.
Theodore is an unincorporated community in south Mobile County, home to the Theodore Industrial Park and its port-related and chemical employers.
Steven Rowe and Gulf Coast Multifamily represent owners of 10+ unit apartment properties in Theodore and across Mobile County, AL. If you're thinking about selling, refinancing, or just want to know what your property is worth, a confidential conversation costs nothing.