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	$149,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.21% Airbnb Rental Income: $null Traditional Rental Income: $895 Airbnb ROI: N/A Traditional ROI: 4.21%
3981 Spring Landing Ct Theodore, AL REMARKABLE HOME & LOCATION THERE IS A PIER AND VERY OPEN FLOOR PLAN WITH 9' TO 12' CEILING...	4 beds \| 2 baths \| 3,015 sq.ft.	$649,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.97% Airbnb Rental Income: $null Traditional Rental Income: $2173 Airbnb ROI: N/A Traditional ROI: 1.97%
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: 2.39% Traditional cash on cash: 6.46% Airbnb Rental Income: $1227 Traditional Rental Income: $1606 Airbnb ROI: 2.39% Traditional ROI: 6.46%
8309 Lake Ponchartrain Dr Theodore, AL USDA eligible area. What a deal! Freshly remodeled ranch style home for under $89,000. Con...	3 beds \| 2 baths \| 1,414 sq.ft.	$160,000	Airbnb cash on cash: 3.43% Traditional cash on cash: 6.91% Airbnb Rental Income: $1227 Traditional Rental Income: $1366 Airbnb ROI: 3.43% Traditional ROI: 6.91%
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: 3.42% Traditional cash on cash: 5.75% Airbnb Rental Income: $1227 Traditional Rental Income: $1189 Airbnb ROI: 3.42% Traditional ROI: 5.75%
4680 Joe Carl Rd S Theodore, AL Remodeled raised cottage in good condition off Fowl River Road. Great location for folks w...	2 beds \| 1 baths \| 912 sq.ft.	$84,900	Airbnb cash on cash: 4.45% Traditional cash on cash: 9.6% Airbnb Rental Income: $908 Traditional Rental Income: $996 Airbnb ROI: 4.45% Traditional ROI: 9.6%
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 \| 3,057 sq.ft.	$624,000	Airbnb cash on cash: 0% Traditional cash on cash: 1.82% Airbnb Rental Income: $1227 Traditional Rental Income: $1892 Airbnb ROI: 0% Traditional ROI: 1.82%
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.	$190,000	Airbnb cash on cash: 2.79% Traditional cash on cash: 6.75% Airbnb Rental Income: $1227 Traditional Rental Income: $1549 Airbnb ROI: 2.79% Traditional ROI: 6.75%
8825 Hunters Pointe Dr S Theodore, AL Buy this foreclosure deal the right way. Visit us at Auction.com, then login or create a f...	3 beds \| 2 baths \| 1,900 sq.ft.	$125,000	Airbnb cash on cash: 4.73% Traditional cash on cash: 10.94% Airbnb Rental Income: $1227 Traditional Rental Income: $1581 Airbnb ROI: 4.73% Traditional ROI: 10.94%
8009 Grand Oaks Dr Theodore, AL SELLERS WILL ENTERTAIN OFFERS BETWEEN $132,000-$142,000. This home is in a USDA area! If y...	3 beds \| 2 baths \| 1,541 sq.ft.	$259,279	Airbnb cash on cash: 1.82% Traditional cash on cash: 4.88% Airbnb Rental Income: $1227 Traditional Rental Income: $1581 Airbnb ROI: 1.82% Traditional ROI: 4.88%
8119 Vane Ct Theodore, AL Beautifully updated home located in popular Hunter's Cove in Theodore. This home features ...	4 beds \| 2 baths \| 1,917 sq.ft.	$279,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.23% Airbnb Rental Income: $null Traditional Rental Income: $1828 Airbnb ROI: N/A Traditional ROI: 5.23%
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: 2.41% Traditional cash on cash: 5.76% Airbnb Rental Income: $1227 Traditional Rental Income: $1458 Airbnb ROI: 2.41% 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 Rd Theodore, AL This is a Coming Soon Listing. No HOA - A MUST SEE! This modern 4 bedroom 3 and half bath ...	4 beds \| 3 baths \| 3,059 sq.ft.	$420,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.17% Airbnb Rental Income: $null Traditional Rental Income: $2597 Airbnb ROI: N/A Traditional ROI: 5.17%
8675 N Hunters Pointe Drive 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: 3.33% Traditional cash on cash: 8.24% Airbnb Rental Income: $1227 Traditional Rental Income: $1606 Airbnb ROI: 3.33% Traditional ROI: 8.24%
7750 Heaton Dr Theodore, AL 7750 Heaton Dr in Theodore, AL 36582 offers a spacious 4-bedroom, 2-bath home with 1,543 s...	4 beds \| 2 baths \| 1,584 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.8% Airbnb Rental Income: $null Traditional Rental Income: $1771 Airbnb ROI: N/A Traditional ROI: 5.8%
6230 Stream Bank Dr Theodore, AL An adorable, well-maintained 3 bedroom 2 bath home convenient to the interstate in a growi...	3 beds \| 2 baths \| 1,729 sq.ft.	$264,900	Airbnb cash on cash: 1.67% Traditional cash on cash: 5.14% Airbnb Rental Income: $1227 Traditional Rental Income: $1702 Airbnb ROI: 1.67% Traditional ROI: 5.14%
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%
9885 East Ave Theodore, AL Buy through Auction.com. This foreclosure property is a great opportunity to invest in thi...	4 beds \| 3 baths \| 2,756 sq.ft.	$300,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.56% Airbnb Rental Income: $null Traditional Rental Income: $2258 Airbnb ROI: N/A Traditional ROI: 6.56%
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: 1.24% Traditional cash on cash: 4.88% Airbnb Rental Income: $1227 Traditional Rental Income: $1692 Airbnb ROI: 1.24% Traditional ROI: 4.88%
6450 Creel Road 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.	$579,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.76% Airbnb Rental Income: $null Traditional Rental Income: $2894 Airbnb ROI: N/A Traditional ROI: 3.76%
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: 0.6% Traditional cash on cash: 4.13% Airbnb Rental Income: $1227 Traditional Rental Income: $2271 Airbnb ROI: 0.6% 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: 3.4% Traditional cash on cash: 7.98% Airbnb Rental Income: $1227 Traditional Rental Income: $1533 Airbnb ROI: 3.4% 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: 1.09% Traditional cash on cash: 3.33% Airbnb Rental Income: $908 Traditional Rental Income: $992 Airbnb ROI: 1.09% 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.	$75,000	Airbnb cash on cash: 4.98% Traditional cash on cash: 10.42% Airbnb Rental Income: $908 Traditional Rental Income: $971 Airbnb ROI: 4.98% Traditional ROI: 10.42%
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: -0.45% Traditional cash on cash: 2.69% Airbnb Rental Income: $717 Traditional Rental Income: $1441 Airbnb ROI: -0.45% 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: 0.19% Traditional cash on cash: 1.58% Airbnb Rental Income: $1227 Traditional Rental Income: $1477 Airbnb ROI: 0.19% 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.	$129,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.63% Airbnb Rental Income: $null Traditional Rental Income: $741 Airbnb ROI: N/A Traditional ROI: 0.63%
0 Riverview Nursery Rd Theodore, AL 0 Riverview Nursery Rd, Theodore, AL 36582 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.5% Airbnb Rental Income: $null Traditional Rental Income: $816 Airbnb ROI: N/A Traditional ROI: 1.5%
0 Bebee Point Dr Theodore, AL 0 Bebee Point Dr, Theodore, AL 36582 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$379,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.58% Airbnb Rental Income: $null Traditional Rental Income: $801 Airbnb ROI: N/A Traditional ROI: 0.58%

Real Estate investment in Theodore, AL

There are 162 properties for sale in the city of Theodore . The median list price in Theodore is $202,390 and the average price per square foot is $114. In September 2026, the average monthly cash on cash return in Theodore is 5.00%. The average monthly rental income in Theodore is $1,424.

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

There are 162 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 $1,424.

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

$149,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.21%

Airbnb Rental Income: $null

Traditional Rental Income: $895

Airbnb ROI: N/A

Traditional ROI: 4.21%

3981 Spring Landing Ct

Theodore, AL

4 beds | 2 baths | 3,015 sq.ft.

$649,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.97%

Airbnb Rental Income: $null

Traditional Rental Income: $2173

Airbnb ROI: N/A

Traditional ROI: 1.97%

8109 Beretta Dr

Theodore, AL

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

$199,950

Airbnb cash on cash: 2.39%

Traditional cash on cash: 6.46%

Airbnb Rental Income: $1227

Traditional Rental Income: $1606

Airbnb ROI: 2.39%

Traditional ROI: 6.46%

8309 Lake Ponchartrain Dr

Theodore, AL

3 beds | 2 baths | 1,414 sq.ft.

$160,000

Airbnb cash on cash: 3.43%

Traditional cash on cash: 6.91%

Airbnb Rental Income: $1227

Traditional Rental Income: $1366

Airbnb ROI: 3.43%

Traditional ROI: 6.91%

5580 Mardanne Dr

Theodore, AL

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

$160,180

Airbnb cash on cash: 3.42%

Traditional cash on cash: 5.75%

Airbnb Rental Income: $1227

Traditional Rental Income: $1189

Airbnb ROI: 3.42%

Traditional ROI: 5.75%

4680 Joe Carl Rd S

Theodore, AL

2 beds | 1 baths | 912 sq.ft.

$84,900

Airbnb cash on cash: 4.45%

Traditional cash on cash: 9.6%

Airbnb Rental Income: $908

Traditional Rental Income: $996

Airbnb ROI: 4.45%

Traditional ROI: 9.6%

11305 Point Rd E

Theodore, AL

3 beds | 2 baths | 3,057 sq.ft.

$624,000

Airbnb cash on cash: 0%

Traditional cash on cash: 1.82%

Airbnb Rental Income: $1227

Traditional Rental Income: $1892

Airbnb ROI: 0%

Traditional ROI: 1.82%

7057 Arbor Dr

Theodore, AL

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

$190,000

Airbnb cash on cash: 2.79%

Traditional cash on cash: 6.75%

Airbnb Rental Income: $1227

Traditional Rental Income: $1549

Airbnb ROI: 2.79%