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
8255 Savage Loop Theodore, AL Great Investment Opportunity, Fix and Flip or build sweat equity! 3 bedroom 2 bath in Hu...	3 beds \| 2 baths \| 1,667 sq.ft.	$264,900	Airbnb cash on cash: 3.01% Traditional cash on cash: 4.07% Airbnb Rental Income: $1688 Traditional Rental Income: $1482 Airbnb ROI: 3.01% Traditional ROI: 4.07%
4620 Dresden Dr Theodore, AL This stunning 4-bedroom, 2-bath home sits on a double lot surrounded by lush greenery and ...	4 beds \| 2 baths \| 2,053 sq.ft.	$449,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.83% Airbnb Rental Income: $null Traditional Rental Income: $1820 Airbnb ROI: N/A Traditional ROI: 2.83%
7693 Broome Ct Theodore, AL USDA Eligible Area! $-0- Down Payment to Qualified Buyer. Very well maintained brick ho...	3 beds \| 2 baths \| 1,213 sq.ft.	$200,000	Airbnb cash on cash: 4.51% Traditional cash on cash: 4.63% Airbnb Rental Income: $1688 Traditional Rental Income: $1239 Airbnb ROI: 4.51% Traditional ROI: 4.63%
4551 Fowl River Rd Theodore, AL Looking for an affordable home on Fowl River with water access to anywhere in the world? H...	3 beds \| 2 baths \| 1,748 sq.ft.	$199,000	Airbnb cash on cash: 4.54% Traditional cash on cash: 8.67% Airbnb Rental Income: $1688 Traditional Rental Income: $1998 Airbnb ROI: 4.54% Traditional ROI: 8.67%
8385 Lake Ponchartrain Dr Theodore, AL VRM: Seller will entertain offers between 74,000 and 84,000. List price equals the median ...	3 beds \| 1 baths \| 1,080 sq.ft.	$120,000	Airbnb cash on cash: 8.3% Traditional cash on cash: 7% Airbnb Rental Income: $1688 Traditional Rental Income: $1068 Airbnb ROI: 8.3% Traditional ROI: 7%
8179 Cheyenne St S Theodore, AL Welcome to 8179 Cheyenne Street South. Large covered front porch walking into the foyer th...	3 beds \| 2 baths \| 1,713 sq.ft.	$200,000	Airbnb cash on cash: 3.95% Traditional cash on cash: 5.42% Airbnb Rental Income: $1688 Traditional Rental Income: $1497 Airbnb ROI: 3.95% Traditional ROI: 5.42%
2751 Beach Ave Theodore, AL Where do these words take you: water, waves, breeze, ships, relaxation, peaceful, retreat?...	3 beds \| 2 baths \| 1,602 sq.ft.	$465,000	Airbnb cash on cash: 1.18% Traditional cash on cash: 2.9% Airbnb Rental Income: $1688 Traditional Rental Income: $1967 Airbnb ROI: 1.18% Traditional ROI: 2.9%
8189 Cheyenne Street S Theodore, AL Located in the sought-after subdivision of Hunter's Cove with a convenient location just m...	3 beds \| 2 baths \| 1,480 sq.ft.	$240,000	Airbnb cash on cash: 3.53% Traditional cash on cash: 5.92% Airbnb Rental Income: $1688 Traditional Rental Income: $1760 Airbnb ROI: 3.53% Traditional ROI: 5.92%
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: 6.04% Traditional cash on cash: 9.03% Airbnb Rental Income: $1688 Traditional Rental Income: $1686 Airbnb ROI: 6.04% Traditional ROI: 9.03%
6157 Magnolia Trce N Theodore, AL Back on the market with 48 hr first right of refusal. This well taken care of home is move...	3 beds \| 2 baths \| 1,225 sq.ft.	$195,500	Airbnb cash on cash: 4.83% Traditional cash on cash: 4.93% Airbnb Rental Income: $1688 Traditional Rental Income: $1237 Airbnb ROI: 4.83% Traditional ROI: 4.93%
8601 Cedar Wood Dr E Theodore, AL Welcome home to 8601 Cedar Wood Drive East! This charming 3-bedroom, 2-bath home offers 1,...	3 beds \| 2 baths \| 1,154 sq.ft.	$175,000	Airbnb cash on cash: 5.58% Traditional cash on cash: 8.06% Airbnb Rental Income: $1688 Traditional Rental Income: $1631 Airbnb ROI: 5.58% Traditional ROI: 8.06%
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 \| 1,956 sq.ft.	$230,245	Airbnb cash on cash: N/A Traditional cash on cash: 7% Airbnb Rental Income: $null Traditional Rental Income: $1945 Airbnb ROI: N/A Traditional ROI: 7%
6570 Rabbit Ct Theodore, AL Nice, updated 3-bedroom, 2 bath, brick home located on at the end of a cul-de-sac. Move in...	3 beds \| 2 baths \| 1,242 sq.ft.	$218,000	Airbnb cash on cash: 3.93% Traditional cash on cash: 5.09% Airbnb Rental Income: $1688 Traditional Rental Income: $1458 Airbnb ROI: 3.93% Traditional ROI: 5.09%
6850 March Pointe Dr E Theodore, AL This beautiful Summit 1476H32P01 / Quality crafted single section includes the home and t...	3 beds \| 2 baths \| 1,013 sq.ft.	$139,999	Airbnb cash on cash: 6.82% Traditional cash on cash: 8.28% Airbnb Rental Income: $1688 Traditional Rental Income: $1414 Airbnb ROI: 6.82% Traditional ROI: 8.28%
8675 Hunters Pointe Dr N Theodore, AL Step into a home that gives you the space and flexibility youâve been looking for. This ...	3 beds \| 2 baths \| 1,791 sq.ft.	$145,000	Airbnb cash on cash: 6.68% Traditional cash on cash: 9.47% Airbnb Rental Income: $1688 Traditional Rental Income: $1606 Airbnb ROI: 6.68% Traditional ROI: 9.47%
7078 Westfield Rd Theodore, AL THIS HOME IS LOCATED IN A USDA-ELIGIBLE AREA (BUYERS MAY QUALIFY FOR 0% DOWN) Discove...	3 beds \| 2 baths \| 1,581 sq.ft.	$230,000	Airbnb cash on cash: 3.75% Traditional cash on cash: 5.38% Airbnb Rental Income: $1688 Traditional Rental Income: $1572 Airbnb ROI: 3.75% Traditional ROI: 5.38%
5893A Harmon Ln Theodore, AL This 3 bedroom, 2 bathroom home sits on a large, private lot offering plenty of space to r...	3 beds \| 2 baths \| 1,643 sq.ft.	$244,900	Airbnb cash on cash: 3.57% Traditional cash on cash: 3.89% Airbnb Rental Income: $1688 Traditional Rental Income: $1292 Airbnb ROI: 3.57% Traditional ROI: 3.89%
9951 March Pointe Drive Theodore, AL 2022 model in gated neighborhood! Welcome to beautiful March Woods, a gated mobile home co...	3 beds \| 2 baths \| 1,280 sq.ft.	$139,900	Airbnb cash on cash: 7.05% Traditional cash on cash: 9.15% Airbnb Rental Income: $1688 Traditional Rental Income: $1500 Airbnb ROI: 7.05% Traditional ROI: 9.15%
6820 Rester Rd 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: 6.45% Traditional cash on cash: 5.17% Airbnb Rental Income: $1688 Traditional Rental Income: $1035 Airbnb ROI: 6.45% Traditional ROI: 5.17%
11753 West Gate Dr Theodore, AL This beautiful home has had a refresh and is ready for you! Welcome to your dream home in ...	4 beds \| 2 baths \| 2,016 sq.ft.	$562,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.19% Airbnb Rental Income: $null Traditional Rental Income: $2624 Airbnb ROI: N/A Traditional ROI: 3.19%
10015 Bridgewater Dr S Theodore, AL This new construction is ready for its first owner in Bridgewater Phase II. A custom-built...	3 beds \| 2 baths \| 1,545 sq.ft.	$295,000	Airbnb cash on cash: 2.55% Traditional cash on cash: 3.66% Airbnb Rental Income: $1688 Traditional Rental Income: $1525 Airbnb ROI: 2.55% Traditional ROI: 3.66%
8270 Mossberg Dr N Theodore, AL Introducing a stunning 3,013 sq ft brick home that's a blend of luxury and comfort. If you...	4 beds \| 3 baths \| 2,971 sq.ft.	$379,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.95% Airbnb Rental Income: $null Traditional Rental Income: $2016 Airbnb ROI: N/A Traditional ROI: 3.95%
3286 Fontaine Drive N Theodore, AL Looking for a large space at a great price, just 15 minutes from Dauphin Island, a short d...	5 beds \| 3 baths \| 2,400 sq.ft.	$229,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.26% Airbnb Rental Income: $null Traditional Rental Income: $2612 Airbnb ROI: N/A Traditional ROI: 10.26%
7670 Mailon Ct Theodore, AL Here it is: A real low-maintenance jewel! USDA Eligible means zero down payment for quali...	3 beds \| 2 baths \| 1,311 sq.ft.	$218,000	Airbnb cash on cash: 4.15% Traditional cash on cash: 4.04% Airbnb Rental Income: $1688 Traditional Rental Income: $1194 Airbnb ROI: 4.15% Traditional ROI: 4.04%
8053 Old Cherry Dr N Theodore, AL This location is such an access to I-10 & I-65, great for west Mobile, Mississippi, & down...	3 beds \| 2 baths \| 1,728 sq.ft.	$239,259	Airbnb cash on cash: 3.56% Traditional cash on cash: 3.36% Airbnb Rental Income: $1688 Traditional Rental Income: $1172 Airbnb ROI: 3.56% Traditional ROI: 3.36%
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.	$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%
7787 Bellingrath Rd Theodore, AL Nestled on 9.18 private acres, this charming 3-bedroom, 2-bath single-family home offers t...	3 beds \| 2 baths \| 1,860 sq.ft.	$295,000	Airbnb cash on cash: 2.73% Traditional cash on cash: 3.94% Airbnb Rental Income: $1688 Traditional Rental Income: $1554 Airbnb ROI: 2.73% Traditional ROI: 3.94%
7520 Oak Dr W Theodore, AL OVER AN ACRE WITH GORGEOUS TREES!!!! Enjoy the serenity of this one-acre retreat surrounde...	3 beds \| 1 baths \| 1,390 sq.ft.	$219,000	Airbnb cash on cash: 3.85% Traditional cash on cash: 4.01% Airbnb Rental Income: $1688 Traditional Rental Income: $1250 Airbnb ROI: 3.85% Traditional ROI: 4.01%
8300 Lake Ponchartrain Dr Theodore, AL VALUE RANGE PRICING. SELLER TO CONSIDER OFFERS FROM $249,000-$274,000, THE LOWER AND UPPER...	4 beds \| 3 baths \| 1,951 sq.ft.	$249,274	Airbnb cash on cash: N/A Traditional cash on cash: 9.58% Airbnb Rental Income: $null Traditional Rental Income: $2650 Airbnb ROI: N/A Traditional ROI: 9.58%
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: N/A Traditional cash on cash: 7.33% Airbnb Rental Income: $null Traditional Rental Income: $2000 Airbnb ROI: N/A Traditional ROI: 7.33%
4100 River Rd Theodore, AL One-of-a-Kind Country Oasis with a stunning pond view. This gorgeous, one of a kind home o...	3 beds \| 2 baths \| 2,008 sq.ft.	$499,000	Airbnb cash on cash: 1.23% Traditional cash on cash: 2.44% Airbnb Rental Income: $1688 Traditional Rental Income: $1784 Airbnb ROI: 1.23% Traditional ROI: 2.44%
3765 Rabbit Creek Ct Theodore, AL Motivated Sellers! Waterfront Property on Rabbit Creek â Endless Potential! Discover 3...	3 beds \| 2 baths \| 2,216 sq.ft.	$385,000	Airbnb cash on cash: 1.94% Traditional cash on cash: 4.09% Airbnb Rental Income: $1688 Traditional Rental Income: $1996 Airbnb ROI: 1.94% Traditional ROI: 4.09%
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.	$454,504	Airbnb cash on cash: 1.44% Traditional cash on cash: 3.91% Airbnb Rental Income: $1688 Traditional Rental Income: $2271 Airbnb ROI: 1.44% Traditional ROI: 3.91%
3626 Mr Johnny Rd Theodore, AL Looking for a place to relax and entertain friends and family on Beautiful Fowl River. Thi...	3 beds \| 2 baths \| 2,920 sq.ft.	$350,000	Airbnb cash on cash: 2.16% Traditional cash on cash: 6.04% Airbnb Rental Income: $1688 Traditional Rental Income: $2493 Airbnb ROI: 2.16% Traditional ROI: 6.04%
6799 Foxwood Drive Theodore, AL Back on the market at no fault of the seller or property! Welcome to this brick, beauty at...	3 beds \| 2 baths \| 1,345 sq.ft.	$230,000	Airbnb cash on cash: 3.83% Traditional cash on cash: 5.66% Airbnb Rental Income: $1688 Traditional Rental Income: $1616 Airbnb ROI: 3.83% Traditional ROI: 5.66%
6028 Creek Side Trl Theodore, AL SELLER IS OFFERING $5000.00 TOWARDS BUYERS CLOSING COSTS AND PREPAIDS. Welcome to Creeksid...	4 beds \| 2 baths \| 2,037 sq.ft.	$295,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.2% Airbnb Rental Income: $null Traditional Rental Income: $1967 Airbnb ROI: N/A Traditional ROI: 5.2%
9501 Ben Hamilton Rd Theodore, AL Spectacular 2023 custom-built home situated on 5.5 acres-partially cleared and partially w...	4 beds \| 4 baths \| 4,635 sq.ft.	$1,650,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.82% Airbnb Rental Income: $null Traditional Rental Income: $4961 Airbnb ROI: N/A Traditional ROI: 1.82%
6840 Highmont Dr Theodore, AL Low-maintenance, single-level brick and vinyl home in Theodore Highlands! This 3BR/2BA + b...	3 beds \| 2 baths \| 1,682 sq.ft.	$199,900	Airbnb cash on cash: 4.69% Traditional cash on cash: 8.45% Airbnb Rental Income: $1688 Traditional Rental Income: $1932 Airbnb ROI: 4.69% Traditional ROI: 8.45%
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 \| 1,080 sq.ft.	$159,900	Airbnb cash on cash: 5.94% Traditional cash on cash: 6.62% Airbnb Rental Income: $1688 Traditional Rental Income: $1321 Airbnb ROI: 5.94% Traditional ROI: 6.62%
8871 Green Valley Dr Theodore, AL NEED A TEEN OR IN-LAW SUITE? WANT INCOME PRODUCING POTENTIAL?? LOOK NO FURTHER!!! This spa...	4 beds \| 3 baths \| 2,700 sq.ft.	$339,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.7% Airbnb Rental Income: $null Traditional Rental Income: $2609 Airbnb ROI: N/A Traditional ROI: 6.7%

Real Estate investment in Theodore, AL

There are 147 properties for sale in the city of Theodore . The median list price in Theodore is $225,900 and the average price per square foot is $145. In March 2026, the average monthly cash on cash return in Theodore is 5.00%. The average monthly rental income in Theodore is $1,439.

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

There are 147 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 $1,439.

Your search for investment property begins and ends here

Investment Property for Sale in Theodore, AL

8255 Savage Loop

Theodore, AL

3 beds | 2 baths | 1,667 sq.ft.

$264,900

Airbnb cash on cash: 3.01%

Traditional cash on cash: 4.07%

Airbnb Rental Income: $1688

Traditional Rental Income: $1482

Airbnb ROI: 3.01%

Traditional ROI: 4.07%

4620 Dresden Dr

Theodore, AL

4 beds | 2 baths | 2,053 sq.ft.

$449,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.83%

Airbnb Rental Income: $null

Traditional Rental Income: $1820

Airbnb ROI: N/A

Traditional ROI: 2.83%

7693 Broome Ct

Theodore, AL

3 beds | 2 baths | 1,213 sq.ft.

$200,000

Airbnb cash on cash: 4.51%

Traditional cash on cash: 4.63%

Airbnb Rental Income: $1688

Traditional Rental Income: $1239

Airbnb ROI: 4.51%

Traditional ROI: 4.63%

4551 Fowl River Rd

Theodore, AL

3 beds | 2 baths | 1,748 sq.ft.

$199,000

Airbnb cash on cash: 4.54%

Traditional cash on cash: 8.67%

Airbnb Rental Income: $1688

Traditional Rental Income: $1998

Airbnb ROI: 4.54%

Traditional ROI: 8.67%

8385 Lake Ponchartrain Dr

Theodore, AL

3 beds | 1 baths | 1,080 sq.ft.

$120,000

Airbnb cash on cash: 8.3%

Traditional cash on cash: 7%

Airbnb Rental Income: $1688

Traditional Rental Income: $1068

Airbnb ROI: 8.3%

Traditional ROI: 7%

8179 Cheyenne St S

Theodore, AL

3 beds | 2 baths | 1,713 sq.ft.

$200,000

Airbnb cash on cash: 3.95%

Traditional cash on cash: 5.42%

Airbnb Rental Income: $1688

Traditional Rental Income: $1497

Airbnb ROI: 3.95%

Traditional ROI: 5.42%

2751 Beach Ave

Theodore, AL

3 beds | 2 baths | 1,602 sq.ft.

$465,000

Airbnb cash on cash: 1.18%

Traditional cash on cash: 2.9%

Airbnb Rental Income: $1688

Traditional Rental Income: $1967

Airbnb ROI: 1.18%

Traditional ROI: 2.9%

8189 Cheyenne Street S

Theodore, AL

3 beds | 2 baths | 1,480 sq.ft.

$240,000

Airbnb cash on cash: 3.53%

Traditional cash on cash: 5.92%

Airbnb Rental Income: $1688

Traditional Rental Income: $1760

Airbnb ROI: 3.53%