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
0 Mcdonald Rd Theodore, AL 0 Mcdonald Rd, Theodore, AL 36426 \| Other	N/A beds \| N/A baths \| N/A	$159,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.35% Airbnb Rental Income: $null Traditional Rental Income: $817 Airbnb ROI: N/A Traditional ROI: 3.35%
8109 Beretta Dr Theodore, AL Cute as a button and move-in ready! This 3 bedroom, 2 bath home is the perfect starter hom...	3 beds \| 2 baths \| 1,231 sq.ft.	$199,950	Airbnb cash on cash: 2.12% Traditional cash on cash: 6.46% Airbnb Rental Income: $1165 Traditional Rental Income: $1606 Airbnb ROI: 2.12% Traditional ROI: 6.46%
5580 Mardanne Dr Theodore, AL Great home and budget friendly!! This brick home sits on a huge yard. The seller has made ...	3 beds \| 1 baths \| 1,134 sq.ft.	$160,180	Airbnb cash on cash: 3.09% Traditional cash on cash: 8.31% Airbnb Rental Income: $1165 Traditional Rental Income: $1581 Airbnb ROI: 3.09% Traditional ROI: 8.31%
11305 Point Rd E Theodore, AL Do you dream of cool sea breezes to relieve the sultry heat of Mobile summers? Can you ima...	3 beds \| 2 baths \| 3,649 sq.ft.	$649,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 1.2% Airbnb Rental Income: $1165 Traditional Rental Income: $1581 Airbnb ROI: -0.12% Traditional ROI: 1.2%
7057 Arbor Dr Theodore, AL Welcome to 7057 Arbor Dr in Theodore Highlands, a 3-bedroom, 2-bath brick home offering 1,...	3 beds \| 2 baths \| 1,340 sq.ft.	$210,000	Airbnb cash on cash: 2.17% Traditional cash on cash: 6.03% Airbnb Rental Income: $1165 Traditional Rental Income: $1549 Airbnb ROI: 2.17% Traditional ROI: 6.03%
6570 Rabbit Ct Theodore, AL NEW ROOF, NEW HVAC, new floors, new paint, new fixtures, new appliances, this beautiful 3 ...	3 beds \| 2 baths \| 1,242 sq.ft.	$195,900	Airbnb cash on cash: 2.13% Traditional cash on cash: 5.76% Airbnb Rental Income: $1165 Traditional Rental Income: $1458 Airbnb ROI: 2.13% Traditional ROI: 5.76%
6500 Oaklane Dr Theodore, AL 6500 Oaklane Dr, Theodore, AL 36582 \| Single Family Residential	4 beds \| 2 baths \| 1,250 sq.ft.	$197,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.38% Airbnb Rental Income: $null Traditional Rental Income: $1554 Airbnb ROI: N/A Traditional ROI: 6.38%
8319 Old Pascagoula Road Theodore, AL This is a Coming Soon Listing. No HOA - A MUST SEE! This modern 4 bedroom 3 and half bath ...	4 beds \| 4 baths \| 3,059 sq.ft.	$440,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.9% Airbnb Rental Income: $null Traditional Rental Income: $2597 Airbnb ROI: N/A Traditional ROI: 4.9%
8675 N HUNTERS POINTE Dr Theodore, AL Huge, one-of-a-kind home on an immaculately landscaped, oversized lot! This property offer...	3 beds \| 2 baths \| 2,432 sq.ft.	$165,000	Airbnb cash on cash: 3.01% Traditional cash on cash: 8.24% Airbnb Rental Income: $1165 Traditional Rental Income: $1606 Airbnb ROI: 3.01% Traditional ROI: 8.24%
11753 W Gate Drive Theodore, AL *VRM: Sellers will entertain offers between $479,000 and $539,000*This beautiful home ...	4 beds \| 3 baths \| 2,016 sq.ft.	$479,539	Airbnb cash on cash: N/A Traditional cash on cash: 3.91% Airbnb Rental Income: $null Traditional Rental Income: $2624 Airbnb ROI: N/A Traditional ROI: 3.91%
8270 Mossberg Dr N Theodore, AL A stunning 4-Bedroom, 3-Bath Brick Home with Double Garage awaits you! This large, beautif...	4 beds \| 3 baths \| 3,000 sq.ft.	$379,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.63% Airbnb Rental Income: $null Traditional Rental Income: $2016 Airbnb ROI: N/A Traditional ROI: 3.63%
7121 Old Military Road Theodore, AL Completely renovated from top to bottom, this spacious home is move-in ready and full of p...	3 beds \| 2 baths \| 2,640 sq.ft.	$250,000	Airbnb cash on cash: 1.02% Traditional cash on cash: 4.88% Airbnb Rental Income: $1165 Traditional Rental Income: $1692 Airbnb ROI: 1.02% Traditional ROI: 4.88%
6450 Creel Rd Theodore, AL Gorgeous 5 bedroom 3 1/2 bath on 2.98 Acres with a country feel close to shopping, Restaur...	5 beds \| 3 baths \| 3,288 sq.ft.	$509,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.94% Airbnb Rental Income: $null Traditional Rental Income: $3594 Airbnb ROI: N/A Traditional ROI: 5.94%
2961 Jackson Rd Theodore, AL *Motivated seller, please bring all offers!* Welcome to your beautifully renovated coa...	4 beds \| 2 baths \| 2,128 sq.ft.	$139,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.53% Airbnb Rental Income: $null Traditional Rental Income: $1791 Airbnb ROI: N/A Traditional ROI: 11.53%
3670 River Chase Ct Theodore, AL This beautiful 4-bedroom, 3-bath brick home offers the perfect blend of timeless construct...	4 beds \| 3 baths \| 3,104 sq.ft.	$589,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.68% Airbnb Rental Income: $null Traditional Rental Income: $2894 Airbnb ROI: N/A Traditional ROI: 3.68%
2924 Riverview Pointe Dr S Theodore, AL Stunning Waterfront Estate with exceptional amenities on approximately 2 acres located on ...	5 beds \| 3 baths \| 5,854 sq.ft.	$1,675,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.12% Airbnb Rental Income: $null Traditional Rental Income: $6960 Airbnb ROI: N/A Traditional ROI: 3.12%
11375 Wacker Dr Theodore, AL **Listed on a range, seller will entertain offers between $474-524K list price is $499,900...	3 beds \| 2 baths \| 2,198 sq.ft.	$434,900	Airbnb cash on cash: 0.48% Traditional cash on cash: 4.13% Airbnb Rental Income: $1165 Traditional Rental Income: $2271 Airbnb ROI: 0.48% Traditional ROI: 4.13%
5990 Theodore Dawes Rd Theodore, AL Looking for a place to live, invest, or have your business in Theodore, AL? This is a PRIM...	3 beds \| 1 baths \| 1,323 sq.ft.	$159,900	Airbnb cash on cash: 3.06% Traditional cash on cash: 7.98% Airbnb Rental Income: $1165 Traditional Rental Income: $1533 Airbnb ROI: 3.06% Traditional ROI: 7.98%
6028 Creek Side Trail Theodore, AL $5,000 SPECIAL! THE SELLER WILL CONTRIBUTE $5,000 TOWARDS THE BUYERS CLOSING COSTS OR RATE...	4 beds \| 2 baths \| 2,037 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.42% Airbnb Rental Income: $null Traditional Rental Income: $1967 Airbnb ROI: N/A Traditional ROI: 5.42%
9501 Ben Hamilton Rd Theodore, AL Welcome to 9501 Ben Hamilton Road! A spectacular GOLD-FORTIFIED custom-built home complete...	4 beds \| 4 baths \| 4,557 sq.ft.	$1,499,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.29% Airbnb Rental Income: $null Traditional Rental Income: $4961 Airbnb ROI: N/A Traditional ROI: 2.29%
3240 Baptiste Dr N Theodore, AL 3240 Baptiste Dr N, Theodore, AL 36582 \| Single Family Residential	2 beds \| 1 baths \| 1,142 sq.ft.	$199,900	Airbnb cash on cash: 1.24% Traditional cash on cash: 3.33% Airbnb Rental Income: $942 Traditional Rental Income: $992 Airbnb ROI: 1.24% Traditional ROI: 3.33%
8380 Lake Myrtle Dr Theodore, AL 8380 Lake Myrtle Dr, Theodore, AL 36582 \| Single Family Residential	2 beds \| 1 baths \| 1,293 sq.ft.	$85,000	Airbnb cash on cash: 4.61% Traditional cash on cash: 9.11% Airbnb Rental Income: $942 Traditional Rental Income: $971 Airbnb ROI: 4.61% Traditional ROI: 9.11%
8980 Dawes Creek Dr Theodore, AL Only things left to do, garage door and paint to be finished. 2nd picture is ai generated ...	4 beds \| 2 baths \| 2,200 sq.ft.	$448,500	Airbnb cash on cash: N/A Traditional cash on cash: 2.85% Airbnb Rental Income: $null Traditional Rental Income: $1768 Airbnb ROI: N/A Traditional ROI: 2.85%
0 Bellingrath Rd Theodore, AL 0 Bellingrath Rd, Theodore, AL 36582 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$26,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.97% Airbnb Rental Income: $null Traditional Rental Income: $460 Airbnb ROI: N/A Traditional ROI: 10.97%
11040 Dauphin Island Pkwy Theodore, AL 11040 Dauphin Island Pkwy, Theodore, AL 36582 \| Single Family Residential	1 beds \| 1 baths \| 908 sq.ft.	$349,900	Airbnb cash on cash: -0.16% Traditional cash on cash: 2.69% Airbnb Rental Income: $832 Traditional Rental Income: $1441 Airbnb ROI: -0.16% Traditional ROI: 2.69%
0 Rebel Rd Theodore, AL 0 Rebel Rd, Theodore, AL 36582 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$74,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.05% Airbnb Rental Income: $null Traditional Rental Income: $535 Airbnb ROI: N/A Traditional ROI: 4.05%
7480 Theodore Dawes Rd Theodore, AL 7480 Theodore Dawes Rd, Theodore, AL 36582 \| Single Family Residential	3 beds \| 2 baths \| 1,750 sq.ft.	$495,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 1.58% Airbnb Rental Income: $1165 Traditional Rental Income: $1477 Airbnb ROI: 0.08% Traditional ROI: 1.58%
0 Fowl River Rd Theodore, AL 0 Fowl River Rd, Theodore, AL 36582 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$99,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.1% Airbnb Rental Income: $null Traditional Rental Income: $721 Airbnb ROI: N/A Traditional ROI: 5.1%
11551 Dauphin Island Pkwy Theodore, AL 11551 Dauphin Island Pkwy, Theodore, AL 36582 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$99,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.13% Airbnb Rental Income: $null Traditional Rental Income: $741 Airbnb ROI: N/A Traditional ROI: 2.13%
0 Bebee Point Dr Theodore, AL 0 Bebee Point Dr, Theodore, AL 36582 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.48% Airbnb Rental Income: $null Traditional Rental Income: $801 Airbnb ROI: N/A Traditional ROI: 0.48%
0 S Windsor Rd Theodore, AL 0 Windsor Rd S, Theodore, AL 36582 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$319,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.69% Airbnb Rental Income: $null Traditional Rental Income: $723 Airbnb ROI: N/A Traditional ROI: 0.69%
0 Rester Rd Theodore, AL 0 Rester Rd, Theodore, AL 36582 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$248,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.28% Airbnb Rental Income: $null Traditional Rental Income: $723 Airbnb ROI: N/A Traditional ROI: 1.28%
0 Cedar Trce Theodore, AL 0 Cedar Trce, Theodore, AL 36582 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$79,950	Airbnb cash on cash: N/A Traditional cash on cash: 3.79% Airbnb Rental Income: $null Traditional Rental Income: $535 Airbnb ROI: N/A Traditional ROI: 3.79%
0 Creel Rd Theodore, AL 0 Creel Rd, Theodore, AL 36582 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$84,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.86% Airbnb Rental Income: $null Traditional Rental Income: $723 Airbnb ROI: N/A Traditional ROI: 5.86%
0 Hamilton Blvd Theodore, AL 0 Hamilton Blvd, Theodore, AL 36582 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$200,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.91% Airbnb Rental Income: $null Traditional Rental Income: $723 Airbnb ROI: N/A Traditional ROI: 1.91%
9391 Baptiste Dr E Theodore, AL 9391 Baptiste Dr E, Theodore, AL 36582 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$145,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.12% Airbnb Rental Income: $null Traditional Rental Income: $723 Airbnb ROI: N/A Traditional ROI: 3.12%
0 Highway 90 Theodore, AL 0 Highway 90, Theodore, AL 36582 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$74,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.19% Airbnb Rental Income: $null Traditional Rental Income: $723 Airbnb ROI: N/A Traditional ROI: 7.19%
6776 BARNESWOOD Drive Theodore, AL New construction, USDA ELIGIBLE and $7500 in buyer incentives with preferred lender! Step ...	3 beds \| 2 baths \| 1,231 sq.ft.	$240,045	Airbnb cash on cash: 1.62% Traditional cash on cash: 4.9% Airbnb Rental Income: $1165 Traditional Rental Income: $1526 Airbnb ROI: 1.62% Traditional ROI: 4.9%
11220 Queens Way Theodore, AL 11220 Queens Way, Theodore, AL 36582 \| Single Family Residential	4 beds \| 3 baths \| 3,004 sq.ft.	$449,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.13% Airbnb Rental Income: $null Traditional Rental Income: $2419 Airbnb ROI: N/A Traditional ROI: 4.13%
5541 Riverwood Lndg Theodore, AL Seller will entertain offers between the higher and lower PVRM range of $559,000-$659,000....	5 beds \| 4 baths \| 3,305 sq.ft.	$559,648	Airbnb cash on cash: N/A Traditional cash on cash: 3.55% Airbnb Rental Income: $null Traditional Rental Income: $2760 Airbnb ROI: N/A Traditional ROI: 3.55%

Real Estate investment in Theodore, AL

There are 119 properties for sale in the city of Theodore . The median list price in Theodore is $205,877 and the average price per square foot is $114. In August 2026, the average monthly cash on cash return in Theodore is 5.00%. The average monthly rental income in Theodore is $1,399.

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

There are 119 investment properties available for sale in Theodore.

In 2026, 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 $1,399.

Your search for investment property begins and ends here

Investment Property for Sale in Theodore, AL

0 Mcdonald Rd

Theodore, AL

N/A beds | N/A baths | N/A

$159,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.35%

Airbnb Rental Income: $null

Traditional Rental Income: $817

Airbnb ROI: N/A

Traditional ROI: 3.35%

8109 Beretta Dr

Theodore, AL

3 beds | 2 baths | 1,231 sq.ft.

$199,950

Airbnb cash on cash: 2.12%

Traditional cash on cash: 6.46%

Airbnb Rental Income: $1165

Traditional Rental Income: $1606

Airbnb ROI: 2.12%

Traditional ROI: 6.46%

5580 Mardanne Dr

Theodore, AL

3 beds | 1 baths | 1,134 sq.ft.

$160,180

Airbnb cash on cash: 3.09%

Traditional cash on cash: 8.31%

Airbnb Rental Income: $1165

Traditional Rental Income: $1581

Airbnb ROI: 3.09%

Traditional ROI: 8.31%

11305 Point Rd E

Theodore, AL

3 beds | 2 baths | 3,649 sq.ft.

$649,000

Airbnb cash on cash: -0.12%

Traditional cash on cash: 1.2%

Airbnb Rental Income: $1165

Traditional Rental Income: $1581

Airbnb ROI: -0.12%

Traditional ROI: 1.2%

7057 Arbor Dr

Theodore, AL

3 beds | 2 baths | 1,340 sq.ft.

$210,000

Airbnb cash on cash: 2.17%

Traditional cash on cash: 6.03%

Airbnb Rental Income: $1165

Traditional Rental Income: $1549

Airbnb ROI: 2.17%

Traditional ROI: 6.03%

6570 Rabbit Ct

Theodore, AL

3 beds | 2 baths | 1,242 sq.ft.

$195,900

Airbnb cash on cash: 2.13%

Traditional cash on cash: 5.76%

Airbnb Rental Income: $1165

Traditional Rental Income: $1458

Airbnb ROI: 2.13%

Traditional ROI: 5.76%

6500 Oaklane Dr

Theodore, AL

4 beds | 2 baths | 1,250 sq.ft.

$197,500

Airbnb cash on cash: N/A

Traditional cash on cash: 6.38%

Airbnb Rental Income: $null

Traditional Rental Income: $1554

Airbnb ROI: N/A

Traditional ROI: 6.38%

8319 Old Pascagoula Road

Theodore, AL

4 beds | 4 baths | 3,059 sq.ft.

$440,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.9%

Airbnb Rental Income: $null

Traditional Rental Income: $2597

Airbnb ROI: N/A