Real Estate Investment Properties for Sale in Theodore, AL

Looking for investment property in Theodore, AL with high ROI ?

Explore a variety of short-term homes & houses in Theodore, AL. Invest wisely with VRBO & Theodore, AL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Theodore, AL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
6572 Belwood Drive W Theodore, AL Fish, Fish, Fish, and you don't even have to leave the house.. Just walk out and fish from...	3 beds \| 3 baths \| N/A	$248,500	Airbnb cash on cash: 7.04% Traditional cash on cash: 10.34% Airbnb Rental Income: $2718 Traditional Rental Income: $2851 Airbnb ROI: 7.04% Traditional ROI: 10.34%
11747 Gates Circle E Theodore, AL Experience the pinnacle of waterfront living in this exquisite three-story home, perfectly...	4 beds \| 3 baths \| N/A	$950,000	Airbnb cash on cash: -1.2% Traditional cash on cash: 0.8% Airbnb Rental Income: $963 Traditional Rental Income: $2378 Airbnb ROI: -1.2% Traditional ROI: 0.8%
8938 Dawes Oak Drive Theodore, AL Beautiful Brick Home, USDA Eligible! This home offers a spacious open kitchen with abundan...	3 beds \| 2 baths \| 1,844 sq.ft.	$249,900	Airbnb cash on cash: 6.99% Traditional cash on cash: 6.21% Airbnb Rental Income: $2718 Traditional Rental Income: $1892 Airbnb ROI: 6.99% Traditional ROI: 6.21%
4620 Dresden Drive Theodore, AL This stunning 4-bedroom, 2-bath home sits on a double lot surrounded by lush greenery and ...	4 beds \| 2 baths \| N/A	$499,000	Airbnb cash on cash: -0.29% Traditional cash on cash: 2.29% Airbnb Rental Income: $963 Traditional Rental Income: $1820 Airbnb ROI: -0.29% Traditional ROI: 2.29%
8100 Sylvan Way Theodore, AL Welcome to your dream home! This delightful 3-bedroom, 2-bathroom ranch-style residence is...	3 beds \| 2 baths \| N/A	$249,900	Airbnb cash on cash: 6.99% Traditional cash on cash: 4.92% Airbnb Rental Income: $2718 Traditional Rental Income: $1587 Airbnb ROI: 6.99% Traditional ROI: 4.92%
8179 Cheyenne Street S Theodore, AL Welcome to 8179 Cheyenne Street South. Large covered front porch walking into the foyer t...	3 beds \| 2 baths \| N/A	$230,000	Airbnb cash on cash: 7.81% Traditional cash on cash: 5.15% Airbnb Rental Income: $2718 Traditional Rental Income: $1497 Airbnb ROI: 7.81% Traditional ROI: 5.15%
5650 Quail Run W Theodore, AL THE MOST OPEN CONCEPT YOU WILL FIND! GIGANTIC GREAT ROOM with VAULTED CEILINGS makes the r...	4 beds \| 2 baths \| N/A	$235,245	Airbnb cash on cash: 0.93% Traditional cash on cash: 6.92% Airbnb Rental Income: $963 Traditional Rental Income: $1945 Airbnb ROI: 0.93% Traditional ROI: 6.92%
6250 Half Mile Road Theodore, AL HORSES WELCOME! Spacious, Private, and Ready to Call Home! Nestled on nearly 3 acres, t...	3 beds \| 2 baths \| N/A	$275,000	Airbnb cash on cash: 6.15% Traditional cash on cash: 2.89% Airbnb Rental Income: $2718 Traditional Rental Income: $1231 Airbnb ROI: 6.15% Traditional ROI: 2.89%
9255 Old Pascagoula Road Theodore, AL APPROVED SHORT SALE! TAKE ADVANTAGE! SPLIT FLOOR PLAN! EXTRA-LARGE GREAT ROOM with VAULTED...	3 beds \| 2 baths \| N/A	$208,500	Airbnb cash on cash: 8.62% Traditional cash on cash: 6.05% Airbnb Rental Income: $2718 Traditional Rental Income: $1568 Airbnb ROI: 8.62% Traditional ROI: 6.05%
6517 Belwood Drive E Theodore, AL Check out this charming 3 bedroom, 2 bathroom A-Frame home perfectly situated on Dog River...	3 beds \| 2 baths \| N/A	$344,900	Airbnb cash on cash: 4.63% Traditional cash on cash: 2.96% Airbnb Rental Income: $2718 Traditional Rental Income: $1535 Airbnb ROI: 4.63% Traditional ROI: 2.96%
11753 West Gate Drive Theodore, AL This beautiful home has had a refresh and is ready for you! Welcome to your dream home in ...	4 beds \| 3 baths \| N/A	$559,000	Airbnb cash on cash: -0.71% Traditional cash on cash: 3.14% Airbnb Rental Income: $963 Traditional Rental Income: $2624 Airbnb ROI: -0.71% Traditional ROI: 3.14%
10197 Bellingrath Road Theodore, AL This beautiful 4-bedroom, 3-bath Southern Creole home offers a warm blend of comfort, char...	4 beds \| 3 baths \| N/A	$374,900	Airbnb cash on cash: 0.07% Traditional cash on cash: 5.33% Airbnb Rental Income: $963 Traditional Rental Income: $2464 Airbnb ROI: 0.07% Traditional ROI: 5.33%
5746 Rabbit Creek Drive Theodore, AL **Value Range Marketing: Seller is entertaining offers from $336,900- $356,900. The lower ...	3 beds \| 2 baths \| N/A	$336,356	Airbnb cash on cash: 4.86% Traditional cash on cash: 4.08% Airbnb Rental Income: $2718 Traditional Rental Income: $1827 Airbnb ROI: 4.86% Traditional ROI: 4.08%
3286 Fontaine Drive N Theodore, AL Looking for a large space at a great price and just 15 minutes from Dauphin Island and a s...	5 beds \| 3 baths \| N/A	$239,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.74% Airbnb Rental Income: $null Traditional Rental Income: $2612 Airbnb ROI: N/A Traditional ROI: 9.74%
5683 Riverwood Circle E Theodore, AL Priced to sell, this stunning custom-built home in Riverwood Estates offers the perfect bl...	4 beds \| 6 baths \| N/A	$699,999	Airbnb cash on cash: -0.69% Traditional cash on cash: 7.81% Airbnb Rental Income: $963 Traditional Rental Income: $6165 Airbnb ROI: -0.69% Traditional ROI: 7.81%
6450 Creel Road Theodore, AL Gorgeous 5 bedroom 3 1/2 bath on 2.98 Acres with a country feel close to shopping, Restaur...	5 beds \| 4 baths \| 3,288 sq.ft.	$530,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.66% Airbnb Rental Income: $null Traditional Rental Income: $3594 Airbnb ROI: N/A Traditional ROI: 5.66%
4652 Diamond Avenue Theodore, AL Four bedroom, 2 bath home sitting on a large corner lot! Newer vinyl flooring in the livi...	4 beds \| 2 baths \| 1,620 sq.ft.	$229,900	Airbnb cash on cash: 0.98% Traditional cash on cash: 6.67% Airbnb Rental Income: $963 Traditional Rental Income: $1851 Airbnb ROI: 0.98% Traditional ROI: 6.67%
6624 Morgan Jackson Court Theodore, AL Every detail has been carefully considered in this beautifully renovated home in Theodore....	4 beds \| 2 baths \| N/A	$250,000	Airbnb cash on cash: 0.6% Traditional cash on cash: 5.77% Airbnb Rental Income: $963 Traditional Rental Income: $1836 Airbnb ROI: 0.6% Traditional ROI: 5.77%
6355 Roundtree Court Theodore, AL Very Motivated Seller. This gem is nestled in a quiet cul-de-sac and offers an exceptional...	4 beds \| 4 baths \| N/A	$299,999	Airbnb cash on cash: 0.46% Traditional cash on cash: 10.51% Airbnb Rental Income: $963 Traditional Rental Income: $3452 Airbnb ROI: 0.46% Traditional ROI: 10.51%
8300 Lake Ponchartrain Drive Theodore, AL VALUE RANGE PRICING. SELLER TO CONSIDER OFFERS FROM $249,000-$274,000, THE LOWER AND UPPER...	4 beds \| 3 baths \| N/A	$249,274	Airbnb cash on cash: 0.8% Traditional cash on cash: 9.45% Airbnb Rental Income: $963 Traditional Rental Income: $2650 Airbnb ROI: 0.8% Traditional ROI: 9.45%
5650 Quail Run Theodore, AL THE MOST OPEN CONCEPT YOU WILL FIND! GIGANTIC GREAT ROOM with VAULTED CEILINGS makes the r...	4 beds \| 2 baths \| 1,965 sq.ft.	$235,245	Airbnb cash on cash: 0.92% Traditional cash on cash: 7.15% Airbnb Rental Income: $963 Traditional Rental Income: $2000 Airbnb ROI: 0.92% Traditional ROI: 7.15%
3770 Bebee Point Drive Theodore, AL ***SELLERS WILL ENTERTAIN OFFERS BETWEEN $1,295,000-$1,495,000. LIST PRICE EQUALS THE COMB...	3 beds \| 3 baths \| N/A	$1,295,495	Airbnb cash on cash: 0.23% Traditional cash on cash: 0.61% Airbnb Rental Income: $2718 Traditional Rental Income: $2531 Airbnb ROI: 0.23% Traditional ROI: 0.61%
4100 River Road Theodore, AL One-of-a-Kind Country Oasis with a stunning pond view. This gorgeous, one of a kind home ...	3 beds \| 2 baths \| N/A	$499,000	Airbnb cash on cash: 3.24% Traditional cash on cash: 2.61% Airbnb Rental Income: $2718 Traditional Rental Income: $1784 Airbnb ROI: 3.24% Traditional ROI: 2.61%
9830 Pineview Avenue Theodore, AL Just Two and a Half Blocks from Beautiful Mobile Bay âNO RESTRICTIONS! NO HOA! Welcome t...	4 beds \| 2 baths \| 2,185 sq.ft.	$369,900	Airbnb cash on cash: 0.09% Traditional cash on cash: 4.21% Airbnb Rental Income: $963 Traditional Rental Income: $2044 Airbnb ROI: 0.09% Traditional ROI: 4.21%
6208 Anthony Drive W Theodore, AL COMPLETELY UPDATED & MOVE-IN READY! Welcome to 6208 Anthony Dr W â an adorable brick ...	3 beds \| 2 baths \| N/A	$229,000	Airbnb cash on cash: 7.74% Traditional cash on cash: 5.24% Airbnb Rental Income: $2718 Traditional Rental Income: $1534 Airbnb ROI: 7.74% Traditional ROI: 5.24%
7432 Havenwood Drive Theodore, AL *OPEN HOUSE, SUN., AUG. 24TH, 12-2.*A Gem in Theodore!!! This fabulous house speaks fo...	3 beds \| 2 baths \| N/A	$220,000	Airbnb cash on cash: 7.98% Traditional cash on cash: 5.82% Airbnb Rental Income: $2718 Traditional Rental Income: $1626 Airbnb ROI: 7.98% Traditional ROI: 5.82%
3765 Rabbit Creek Court Theodore, AL Motivated Sellers! Waterfront Opportunity on Rabbit Creek â Endless Potential!Welcome to...	3 beds \| 2 baths \| N/A	$399,000	Airbnb cash on cash: 4.13% Traditional cash on cash: 3.92% Airbnb Rental Income: $2718 Traditional Rental Income: $1996 Airbnb ROI: 4.13% Traditional ROI: 3.92%
2924 Riverview Pointe Drive S Theodore, AL Seller will ENTERTAIN offers between 1,999,999 and 2,300,000. The list price is equal to t...	5 beds \| 5 baths \| N/A	$1,990,230	Airbnb cash on cash: N/A Traditional cash on cash: 2.71% Airbnb Rental Income: $null Traditional Rental Income: $6960 Airbnb ROI: N/A Traditional ROI: 2.71%
6644 Belwood Drive E Theodore, AL Great opportunity close to I-10 and Tillman's Corner. With some paint and clean-up, this f...	4 beds \| 2 baths \| N/A	$138,000	Airbnb cash on cash: 2.69% Traditional cash on cash: 9.82% Airbnb Rental Income: $963 Traditional Rental Income: $1558 Airbnb ROI: 2.69% Traditional ROI: 9.82%
5698 Spring Landing Drive Theodore, AL Luxury Living off Rabbit Creek â Your Private Oasis Is Ready Now! No need to waitâyou...	5 beds \| 4 baths \| N/A	$765,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.77% Airbnb Rental Income: $null Traditional Rental Income: $3653 Airbnb ROI: N/A Traditional ROI: 3.77%
11375 Wacker Drive Theodore, AL **Listed on a range, seller will entertain offers between $474-524K list price is $499,900...	3 beds \| 2 baths \| N/A	$474,524	Airbnb cash on cash: 3.27% Traditional cash on cash: 3.71% Airbnb Rental Income: $2718 Traditional Rental Income: $2271 Airbnb ROI: 3.27% Traditional ROI: 3.71%
7560 Kelcey Court Theodore, AL Welcome to 7560 Kelcey Court, a charming 3-bedroom, 2-bath home located in the quiet and e...	3 beds \| 2 baths \| 1,525 sq.ft.	$189,000	Airbnb cash on cash: 9.69% Traditional cash on cash: 6.72% Airbnb Rental Income: $2718 Traditional Rental Income: $1544 Airbnb ROI: 9.69% Traditional ROI: 6.72%
10575 Thomas Road Theodore, AL This 3 bedroom, 2 bath residence is situated on a serene, fully fenced one acre lot within...	3 beds \| 2 baths \| N/A	$230,000	Airbnb cash on cash: 7.61% Traditional cash on cash: 6.24% Airbnb Rental Income: $2718 Traditional Rental Income: $1778 Airbnb ROI: 7.61% Traditional ROI: 6.24%
7465 Bowers Lane Theodore, AL Available for purchase is a renovated three bedroom and two bathroom home. The home has b...	3 beds \| 2 baths \| N/A	$189,000	Airbnb cash on cash: 9.51% Traditional cash on cash: 5.98% Airbnb Rental Income: $2718 Traditional Rental Income: $1442 Airbnb ROI: 9.51% Traditional ROI: 5.98%
8401 Cindy Lou Drive Theodore, AL Looking for a place to raise a family and entertain friends? This property offers spacious...	3 beds \| 2 baths \| N/A	$260,000	Airbnb cash on cash: 6.33% Traditional cash on cash: 6.49% Airbnb Rental Income: $2718 Traditional Rental Income: $2117 Airbnb ROI: 6.33% Traditional ROI: 6.49%
3626 Mr Johnny Road Theodore, AL Looking for a place to relax and entertain friends and family on Beautiful Fowl River. Thi...	3 beds \| 3 baths \| N/A	$495,000	Airbnb cash on cash: 3.1% Traditional cash on cash: 4% Airbnb Rental Income: $2718 Traditional Rental Income: $2493 Airbnb ROI: 3.1% Traditional ROI: 4%
3431 Riverview Oaks Court Theodore, AL Welcome to your dream home! Located in a quiet, custom neighborhood just minutes from I-10...	5 beds \| 5 baths \| N/A	$579,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.91% Airbnb Rental Income: $null Traditional Rental Income: $5105 Airbnb ROI: N/A Traditional ROI: 7.91%
6799 Foxwood Drive Theodore, AL Welcome to this brick, beauty at the end of a quiet cul-de-sac! This move-in ready home fe...	3 beds \| 2 baths \| N/A	$245,000	Airbnb cash on cash: 7.15% Traditional cash on cash: 5.17% Airbnb Rental Income: $2718 Traditional Rental Income: $1616 Airbnb ROI: 7.15% Traditional ROI: 5.17%
6028 Creek Side Trail Theodore, AL SELLER IS OFFERING $5000.00 TOWARDS BUYERS CLOSING COSTS AND PREPAIDS. Welcome to Creeksid...	4 beds \| 2 baths \| N/A	$295,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 5.2% Airbnb Rental Income: $963 Traditional Rental Income: $1967 Airbnb ROI: 0.33% Traditional ROI: 5.2%
4565 Bay Road Theodore, AL Welcome to your own slice of paradise! Nestled on 5.13 beautiful acres. You will be greete...	3 beds \| 2 baths \| N/A	$339,500	Airbnb cash on cash: 5% Traditional cash on cash: 3.17% Airbnb Rental Income: $2718 Traditional Rental Income: $1494 Airbnb ROI: 5% Traditional ROI: 3.17%

Real Estate investment in Theodore, AL

There are 46 properties for sale in the city of Theodore . The median list price in Theodore is $249,900 and the average price per square foot is $131. In September 2025, the average monthly cash on cash return in Theodore is 6.00%. The average monthly rental income in Theodore is $1,844.

Theodore, AL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 46 investment properties available for sale in Theodore.

In 2025, the best neighborhood to buy investment property is Westfield.

The ROI for Long-Term is higher than the Short-Term in Theodore with average rental income of $1,844.

Your search for investment property begins and ends here

Investment Property for Sale in Theodore, AL

6572 Belwood Drive W

Theodore, AL

3 beds | 3 baths | N/A

$248,500

Airbnb cash on cash: 7.04%

Traditional cash on cash: 10.34%

Airbnb Rental Income: $2718

Traditional Rental Income: $2851

Airbnb ROI: 7.04%

Traditional ROI: 10.34%

11747 Gates Circle E

Theodore, AL

4 beds | 3 baths | N/A

$950,000

Airbnb cash on cash: -1.2%

Traditional cash on cash: 0.8%

Airbnb Rental Income: $963

Traditional Rental Income: $2378

Airbnb ROI: -1.2%

Traditional ROI: 0.8%

8938 Dawes Oak Drive

Theodore, AL

3 beds | 2 baths | 1,844 sq.ft.

$249,900

Airbnb cash on cash: 6.99%

Traditional cash on cash: 6.21%

Airbnb Rental Income: $2718

Traditional Rental Income: $1892

Airbnb ROI: 6.99%

Traditional ROI: 6.21%

4620 Dresden Drive

Theodore, AL

4 beds | 2 baths | N/A

$499,000

Airbnb cash on cash: -0.29%

Traditional cash on cash: 2.29%

Airbnb Rental Income: $963

Traditional Rental Income: $1820

Airbnb ROI: -0.29%

Traditional ROI: 2.29%

8100 Sylvan Way

Theodore, AL

3 beds | 2 baths | N/A

$249,900

Airbnb cash on cash: 6.99%

Traditional cash on cash: 4.92%

Airbnb Rental Income: $2718

Traditional Rental Income: $1587

Airbnb ROI: 6.99%

Traditional ROI: 4.92%

8179 Cheyenne Street S

Theodore, AL

3 beds | 2 baths | N/A

$230,000

Airbnb cash on cash: 7.81%

Traditional cash on cash: 5.15%

Airbnb Rental Income: $2718

Traditional Rental Income: $1497

Airbnb ROI: 7.81%

Traditional ROI: 5.15%

5650 Quail Run W

Theodore, AL

4 beds | 2 baths | N/A

$235,245

Airbnb cash on cash: 0.93%

Traditional cash on cash: 6.92%

Airbnb Rental Income: $963

Traditional Rental Income: $1945

Airbnb ROI: 0.93%

Traditional ROI: 6.92%

6250 Half Mile Road

Theodore, AL

3 beds | 2 baths | N/A

$275,000

Airbnb cash on cash: 6.15%

Traditional cash on cash: 2.89%

Airbnb Rental Income: $2718

Traditional Rental Income: $1231

Airbnb ROI: 6.15%