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: 5.38% Traditional cash on cash: 10.34% Airbnb Rental Income: $2251 Traditional Rental Income: $2851 Airbnb ROI: 5.38% Traditional ROI: 10.34%
6900 Red Lane Circle Theodore, AL Beautiful brick home situated on over half an acre. This house is MOVE-IN READY. Sellers h...	3 beds \| 2 baths \| N/A	$149,000	Airbnb cash on cash: 9.76% Traditional cash on cash: 9.57% Airbnb Rental Income: $2251 Traditional Rental Income: $1659 Airbnb ROI: 9.76% Traditional ROI: 9.57%
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	$489,900	Airbnb cash on cash: -0.71% Traditional cash on cash: 2.36% Airbnb Rental Income: $723 Traditional Rental Income: $1820 Airbnb ROI: -0.71% Traditional ROI: 2.36%
4551 Fowl River Road Theodore, AL Looking for an affordable home on Fowl River with water access to anywhere in the world? H...	3 beds \| 2 baths \| N/A	$260,000	Airbnb cash on cash: 5.08% Traditional cash on cash: 6.35% Airbnb Rental Income: $2251 Traditional Rental Income: $1998 Airbnb ROI: 5.08% Traditional ROI: 6.35%
5295 Fletching Court Theodore, AL SELLER WILL ENTERTAIN OFFERS ON A VRM RANGE OF $299,000-$319,000.....Welcome home! This 4 ...	4 beds \| 2 baths \| N/A	$299,319	Airbnb cash on cash: -0.34% Traditional cash on cash: 4.95% Airbnb Rental Income: $723 Traditional Rental Income: $1903 Airbnb ROI: -0.34% Traditional ROI: 4.95%
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	$235,000	Airbnb cash on cash: 5.76% Traditional cash on cash: 5.31% Airbnb Rental Income: $2251 Traditional Rental Income: $1587 Airbnb ROI: 5.76% Traditional ROI: 5.31%
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	$220,000	Airbnb cash on cash: 6.33% Traditional cash on cash: 5.42% Airbnb Rental Income: $2251 Traditional Rental Income: $1497 Airbnb ROI: 6.33% Traditional ROI: 5.42%
8770 HUNTERS POINTE DR N Theodore, AL Invest with success and buy through Auction.com. This bank-owned investment property is a ...	3 beds \| 2 baths \| 1,716 sq.ft.	$164,000	Airbnb cash on cash: 9.03% Traditional cash on cash: 9.03% Airbnb Rental Income: $2251 Traditional Rental Income: $1686 Airbnb ROI: 9.03% Traditional ROI: 9.03%
6913 Gray Oaks Drive Theodore, AL Welcome to 6913 Gray Oaks! This charming 3 bedroom, 2 bath home offers comfort and conveni...	3 beds \| 2 baths \| N/A	$195,000	Airbnb cash on cash: 7.1% Traditional cash on cash: 5.38% Airbnb Rental Income: $2251 Traditional Rental Income: $1368 Airbnb ROI: 7.1% Traditional ROI: 5.38%
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	$230,245	Airbnb cash on cash: 0.06% Traditional cash on cash: 7.09% Airbnb Rental Income: $723 Traditional Rental Income: $1945 Airbnb ROI: 0.06% Traditional ROI: 7.09%
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: 6.65% Traditional cash on cash: 6.05% Airbnb Rental Income: $2251 Traditional Rental Income: $1568 Airbnb ROI: 6.65% Traditional ROI: 6.05%
7110 Bowers Lane Theodore, AL Note: The sale will be pending court approval. This stunning custom-built home in Theodore...	5 beds \| 4 baths \| N/A	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.19% Airbnb Rental Income: $null Traditional Rental Income: $2934 Airbnb ROI: N/A Traditional ROI: 6.19%
6820 Rester Road Theodore, AL Don't miss this incredible opportunity in Theodore! This 3-bedroom, 1-bath home offers com...	3 beds \| 1 baths \| 1,116 sq.ft.	$150,000	Airbnb cash on cash: 9.72% Traditional cash on cash: 5.17% Airbnb Rental Income: $2251 Traditional Rental Income: $1035 Airbnb ROI: 9.72% Traditional ROI: 5.17%
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	$229,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.22% Airbnb Rental Income: $null Traditional Rental Income: $2612 Airbnb ROI: N/A Traditional ROI: 10.22%
10150 March Pointe Drive Theodore, AL Ready to sip sweet tea and watch the sunset from your brand-new covered porch? Then this o...	3 beds \| 2 baths \| N/A	$169,999	Airbnb cash on cash: 8.25% Traditional cash on cash: 7.68% Airbnb Rental Income: $2251 Traditional Rental Income: $1594 Airbnb ROI: 8.25% Traditional ROI: 7.68%
7340 Broadview Drive E Theodore, AL So much home for the money! All appliances are included! This move-in ready home in Theodo...	3 beds \| 2 baths \| N/A	$169,500	Airbnb cash on cash: 8.45% Traditional cash on cash: 8.62% Airbnb Rental Income: $2251 Traditional Rental Income: $1714 Airbnb ROI: 8.45% Traditional ROI: 8.62%
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%
8351 Theodore Dawes Road Theodore, AL Seller offering $5,000 in closing cost or prepaids! Stunning Remodeled Home with Guest Hou...	4 beds \| 3 baths \| 2,134 sq.ft.	$389,900	Airbnb cash on cash: -0.38% Traditional cash on cash: 4.67% Airbnb Rental Income: $723 Traditional Rental Income: $2259 Airbnb ROI: -0.38% Traditional ROI: 4.67%
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: 0.06% Traditional cash on cash: 6.67% Airbnb Rental Income: $723 Traditional Rental Income: $1851 Airbnb ROI: 0.06% Traditional ROI: 6.67%
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: -0.25% Traditional cash on cash: 10.51% Airbnb Rental Income: $723 Traditional Rental Income: $3452 Airbnb ROI: -0.25% 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: -0.05% Traditional cash on cash: 9.45% Airbnb Rental Income: $723 Traditional Rental Income: $2650 Airbnb ROI: -0.05% 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.	$230,245	Airbnb cash on cash: 0.04% Traditional cash on cash: 7.33% Airbnb Rental Income: $723 Traditional Rental Income: $2000 Airbnb ROI: 0.04% Traditional ROI: 7.33%
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: 2.4% Traditional cash on cash: 2.61% Airbnb Rental Income: $2251 Traditional Rental Income: $1784 Airbnb ROI: 2.4% Traditional ROI: 2.61%
9830 Pineview Avenue Theodore, AL Mobile Bay is Two and a Half Blocks from Beautiful HOME WITH NO HOA and NO RESTRICTIONS! W...	4 beds \| 2 baths \| 2,185 sq.ft.	$369,900	Airbnb cash on cash: -0.48% Traditional cash on cash: 4.21% Airbnb Rental Income: $723 Traditional Rental Income: $2044 Airbnb ROI: -0.48% 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: 5.95% Traditional cash on cash: 5.24% Airbnb Rental Income: $2251 Traditional Rental Income: $1534 Airbnb ROI: 5.95% Traditional ROI: 5.24%
7432 Havenwood Drive Theodore, AL *OPEN HOUSE, SAT., OCT., 18TH, 2025, 2-4.*A Gem in Theodore!!! This fabulous house spe...	3 beds \| 2 baths \| N/A	$220,000	Airbnb cash on cash: 6.12% Traditional cash on cash: 5.82% Airbnb Rental Income: $2251 Traditional Rental Income: $1626 Airbnb ROI: 6.12% 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	$385,000	Airbnb cash on cash: 3.24% Traditional cash on cash: 4.09% Airbnb Rental Income: $2251 Traditional Rental Income: $1996 Airbnb ROI: 3.24% Traditional ROI: 4.09%
5470 Robert Jefferson Drive E Theodore, AL 3 bedroom 2.5 bath home on large lot Theodore's Jefferson Acres subdivision. Property feat...	3 beds \| 3 baths \| N/A	$145,000	Airbnb cash on cash: 9.3% Traditional cash on cash: 9.31% Airbnb Rental Income: $2251 Traditional Rental Income: $1687 Airbnb ROI: 9.3% Traditional ROI: 9.31%
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%
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%
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	$225,000	Airbnb cash on cash: 5.97% Traditional cash on cash: 6.39% Airbnb Rental Income: $2251 Traditional Rental Income: $1778 Airbnb ROI: 5.97% Traditional ROI: 6.39%
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: 7.35% Traditional cash on cash: 5.98% Airbnb Rental Income: $2251 Traditional Rental Income: $1442 Airbnb ROI: 7.35% Traditional ROI: 5.98%
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	$400,000	Airbnb cash on cash: 3.02% Traditional cash on cash: 5.17% Airbnb Rental Income: $2251 Traditional Rental Income: $2493 Airbnb ROI: 3.02% Traditional ROI: 5.17%
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	$239,900	Airbnb cash on cash: 5.62% Traditional cash on cash: 5.3% Airbnb Rental Income: $2251 Traditional Rental Income: $1616 Airbnb ROI: 5.62% Traditional ROI: 5.3%
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: -0.39% Traditional cash on cash: 5.2% Airbnb Rental Income: $723 Traditional Rental Income: $1967 Airbnb ROI: -0.39% Traditional ROI: 5.2%
9501 Ben Hamilton Road Theodore, AL Spectacular 2023 custom-built home situated on 5.5 acresâpartially cleared and partially...	4 beds \| 5 baths \| N/A	$1,650,000	Airbnb cash on cash: -1.15% Traditional cash on cash: 1.82% Airbnb Rental Income: $723 Traditional Rental Income: $4961 Airbnb ROI: -1.15% Traditional ROI: 1.82%
6840 Highmont Drive Theodore, AL Low-maintenance, single-level brick and vinyl home in Theodore Highlands! This 4BR/2BA lay...	4 beds \| 2 baths \| 1,682 sq.ft.	$205,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 8.22% Airbnb Rental Income: $723 Traditional Rental Income: $1932 Airbnb ROI: 0.41% Traditional ROI: 8.22%
7795 Bellingrath Road Theodore, AL Fully Renovated & Move-In Ready! This 3 bed/2 bath home is conveniently located just a sho...	3 beds \| 2 baths \| N/A	$169,000	Airbnb cash on cash: 8.49% Traditional cash on cash: 6.22% Airbnb Rental Income: $2251 Traditional Rental Income: $1321 Airbnb ROI: 8.49% Traditional ROI: 6.22%
8871 Green Valley Drive Theodore, AL This spacious 2,700 square foot home offers comfort and flexibility with three bedrooms an...	4 beds \| 3 baths \| N/A	$348,000	Airbnb cash on cash: -0.22% Traditional cash on cash: 6.5% Airbnb Rental Income: $723 Traditional Rental Income: $2609 Airbnb ROI: -0.22% Traditional ROI: 6.5%
7130 Fagerstrom Avenue Theodore, AL Updated to perfection! This great 3 bedroom 1 bath home is ready for a new family to enjo...	3 beds \| 1 baths \| N/A	$210,000	Airbnb cash on cash: 6.81% Traditional cash on cash: 5.38% Airbnb Rental Income: $2251 Traditional Rental Income: $1403 Airbnb ROI: 6.81% Traditional ROI: 5.38%

Real Estate investment in Theodore, AL

There are 49 properties for sale in the city of Theodore . The median list price in Theodore is $227,000 and the average price per square foot is $127. In October 2025, the average monthly cash on cash return in Theodore is 6.00%. The average monthly rental income in Theodore is $1,701.

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

There are 49 investment properties available for sale in Theodore.

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

The ROI for Short-Term is higher than the Long-Term in Theodore with average rental income of $2,251.

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: 5.38%

Traditional cash on cash: 10.34%

Airbnb Rental Income: $2251

Traditional Rental Income: $2851

Airbnb ROI: 5.38%

Traditional ROI: 10.34%

6900 Red Lane Circle

Theodore, AL

3 beds | 2 baths | N/A

$149,000

Airbnb cash on cash: 9.76%

Traditional cash on cash: 9.57%

Airbnb Rental Income: $2251

Traditional Rental Income: $1659

Airbnb ROI: 9.76%

Traditional ROI: 9.57%

4620 Dresden Drive

Theodore, AL

4 beds | 2 baths | N/A

$489,900

Airbnb cash on cash: -0.71%

Traditional cash on cash: 2.36%

Airbnb Rental Income: $723

Traditional Rental Income: $1820

Airbnb ROI: -0.71%

Traditional ROI: 2.36%

4551 Fowl River Road

Theodore, AL

3 beds | 2 baths | N/A

$260,000

Airbnb cash on cash: 5.08%

Traditional cash on cash: 6.35%

Airbnb Rental Income: $2251

Traditional Rental Income: $1998

Airbnb ROI: 5.08%

Traditional ROI: 6.35%

5295 Fletching Court

Theodore, AL

4 beds | 2 baths | N/A

$299,319

Airbnb cash on cash: -0.34%

Traditional cash on cash: 4.95%

Airbnb Rental Income: $723

Traditional Rental Income: $1903

Airbnb ROI: -0.34%

Traditional ROI: 4.95%

8100 Sylvan Way

Theodore, AL

3 beds | 2 baths | N/A

$235,000

Airbnb cash on cash: 5.76%

Traditional cash on cash: 5.31%

Airbnb Rental Income: $2251

Traditional Rental Income: $1587

Airbnb ROI: 5.76%

Traditional ROI: 5.31%

8179 Cheyenne Street S

Theodore, AL

3 beds | 2 baths | N/A

$220,000

Airbnb cash on cash: 6.33%

Traditional cash on cash: 5.42%

Airbnb Rental Income: $2251

Traditional Rental Income: $1497

Airbnb ROI: 6.33%

Traditional ROI: 5.42%

8770 HUNTERS POINTE DR N

Theodore, AL

3 beds | 2 baths | 1,716 sq.ft.

$164,000

Airbnb cash on cash: 9.03%

Traditional cash on cash: 9.03%

Airbnb Rental Income: $2251

Traditional Rental Income: $1686

Airbnb ROI: 9.03%