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
4620 Dresden Drive Theodore, AL VRM: Sellers are entertaining offers between $425K-$449K. Stunning 4-bedroom, 2-bath home ...	4 beds \| 2 baths \| 2,053 sq.ft.	$425,449	Airbnb cash on cash: N/A Traditional cash on cash: 3.04% Airbnb Rental Income: $null Traditional Rental Income: $1820 Airbnb ROI: N/A Traditional ROI: 3.04%
8501 Mcallister Drive Theodore, AL USDA ELIGIBLE, 100% FINANCING FOR THOSE WHO QUALIFY. Welcome to this charming 3-bedroom, 2...	3 beds \| 2 baths \| 1,144 sq.ft.	$162,000	Airbnb cash on cash: 2.39% Traditional cash on cash: 6.88% Airbnb Rental Income: $1019 Traditional Rental Income: $1354 Airbnb ROI: 2.39% Traditional ROI: 6.88%
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: 2.47% Traditional cash on cash: 9.03% Airbnb Rental Income: $1019 Traditional Rental Income: $1686 Airbnb ROI: 2.47% Traditional ROI: 9.03%
6157 Magnolia Trace N Theodore, AL This 3/2 is adorable. It features a nice size living room that is opened up more by a trey...	3 beds \| 2 baths \| 1,225 sq.ft.	$195,500	Airbnb cash on cash: 1.78% Traditional cash on cash: 4.89% Airbnb Rental Income: $1019 Traditional Rental Income: $1237 Airbnb ROI: 1.78% Traditional ROI: 4.89%
8978 Dawes Oak Drive Theodore, AL OPEN HOUSE SUNDAY, APRIL 19TH 2:00-4:00PM BRICK HOME BUILT IN 2016! This home features...	3 beds \| 2 baths \| 1,795 sq.ft.	$239,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 5.57% Airbnb Rental Income: $1019 Traditional Rental Income: $1804 Airbnb ROI: 0.51% Traditional ROI: 5.57%
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.	$209,900	Airbnb cash on cash: 1.31% Traditional cash on cash: 5.32% Airbnb Rental Income: $1019 Traditional Rental Income: $1458 Airbnb ROI: 1.31% Traditional ROI: 5.32%
7078 Westfield Road Theodore, AL BACK ON MARKET-NO FAULT TO THE SELLER. THIS HOME IS LOCATED IN A USDA ELIGIBLE AREA (Buyer...	3 beds \| 2 baths \| 1,581 sq.ft.	$225,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 5.16% Airbnb Rental Income: $1019 Traditional Rental Income: $1572 Airbnb ROI: 0.87% Traditional ROI: 5.16%
11006 Canal Drive Theodore, AL *** Welcome home to this 2-bedroom 2-bath USDA eligible waterfront beauty offering you no ...	2 beds \| 2 baths \| 1,593 sq.ft.	$394,900	Airbnb cash on cash: -0.76% Traditional cash on cash: 2.45% Airbnb Rental Income: $678 Traditional Rental Income: $1566 Airbnb ROI: -0.76% Traditional ROI: 2.45%
11753 W 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 \| 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%
8270 Mossberg Drive 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%
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%
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: 0.51% Traditional cash on cash: 4.88% Airbnb Rental Income: $1019 Traditional Rental Income: $1692 Airbnb ROI: 0.51% Traditional ROI: 4.88%
3180 Riverview Pointe Drive Theodore, AL Motivated Seller! Beautiful waterfront, custom-built stucco home offering approximately 3,...	5 beds \| 3 baths \| 3,772 sq.ft.	$699,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.07% Airbnb Rental Income: $null Traditional Rental Income: $2304 Airbnb ROI: N/A Traditional ROI: 2.07%
8053 Old Cherry Drive N Theodore, AL VRM - The seller will entertain offers between $235,000 - $255,000. Turn-key property read...	3 beds \| 2 baths \| 1,728 sq.ft.	$235,255	Airbnb cash on cash: 1.3% Traditional cash on cash: 3.6% Airbnb Rental Income: $1019 Traditional Rental Income: $1172 Airbnb ROI: 1.3% Traditional ROI: 3.6%
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%
7432 Havenwood Drive Theodore, AL This cute home is ready for its new owner. Recently rehabbed, you will enjoy the granite c...	3 beds \| 2 baths \| 1,644 sq.ft.	$219,500	Airbnb cash on cash: 1.16% Traditional cash on cash: 5.8% Airbnb Rental Income: $1019 Traditional Rental Income: $1626 Airbnb ROI: 1.16% Traditional ROI: 5.8%
3765 Rabbit Creek Court 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: 0.39% Traditional cash on cash: 4.09% Airbnb Rental Income: $1019 Traditional Rental Income: $1996 Airbnb ROI: 0.39% Traditional ROI: 4.09%
2924 Riverview Pointe Drive S Theodore, AL Stunning Waterfront Estate with exceptional amenities on approximately 2 acres located on ...	5 beds \| 4 baths \| 5,854 sq.ft.	$1,750,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.94% Airbnb Rental Income: $null Traditional Rental Income: $6960 Airbnb ROI: N/A Traditional ROI: 2.94%
6028 Creek Side Trail Theodore, AL Welcome to Creekside Estates. Meet The Ryder! Step into style and comfort with The Ryder, ...	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 Road Theodore, AL Welcome to 9501 Ben Hamilton Road! A spectacular GOLD-FORTIFIED custom-built home complete...	4 beds \| 5 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%
8871 Green Valley Drive Theodore, AL Welcome HOME to this cheerful and incredibly flexible 2,700 square foot property that trul...	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%
7151 Smith Street Theodore, AL NEW PRICE!!!! Stop renting and start owning! This property is located in the CITY OF MOBIL...	2 beds \| 1 baths \| 941 sq.ft.	$95,000	Airbnb cash on cash: 1.69% Traditional cash on cash: 9.42% Airbnb Rental Income: $678 Traditional Rental Income: $1092 Airbnb ROI: 1.69% Traditional ROI: 9.42%
8980 Dawes Creek Drive Theodore, AL Brand New Construction built by AG Custom Homes Llc. Home will be bricked and sheetrock st...	4 beds \| 2 baths \| 2,200 sq.ft.	$451,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.86% Airbnb Rental Income: $null Traditional Rental Income: $1768 Airbnb ROI: N/A Traditional ROI: 2.86%
6776 BARNESWOOD Drive Theodore, AL New construction, USDA ELIGIBLE! Step through the front door and feel instantly at home in...	3 beds \| 2 baths \| 1,231 sq.ft.	$240,045	Airbnb cash on cash: 1.09% Traditional cash on cash: 4.9% Airbnb Rental Income: $1019 Traditional Rental Income: $1526 Airbnb ROI: 1.09% Traditional ROI: 4.9%
6241 Woodside Drive Theodore, AL Looking for a move-in ready home? You just found it! Welcome to this newly remodeled 3-bed...	3 beds \| 2 baths \| 1,400 sq.ft.	$249,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 3.66% Airbnb Rental Income: $1019 Traditional Rental Income: $1327 Airbnb ROI: 0.83% Traditional ROI: 3.66%
5505 Mcdonald Road Theodore, AL New Price: VRP $179,000-194,000 (SELLERS WILL ENTERTAIN OFFERS IN THIS RANGE). FORTIFIED R...	4 beds \| 3 baths \| 1,631 sq.ft.	$179,194	Airbnb cash on cash: N/A Traditional cash on cash: 7.47% Airbnb Rental Income: $null Traditional Rental Income: $1595 Airbnb ROI: N/A Traditional ROI: 7.47%
7215 Broadview Drive E Theodore, AL Listing in Theodore reduced to $ 99,900 located on small wooded lot (0.69) close to school...	3 beds \| 1 baths \| 2,006 sq.ft.	$99,900	Airbnb cash on cash: 3.11% Traditional cash on cash: 7.49% Airbnb Rental Income: $1019 Traditional Rental Income: $1086 Airbnb ROI: 3.11% Traditional ROI: 7.49%
7942 Beretta Drive Theodore, AL Welcome home to this charming 3-bedroom, 2-bath beauty nestled on a quiet cul-de-sac and c...	3 beds \| 2 baths \| 1,668 sq.ft.	$265,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 4.23% Airbnb Rental Income: $1019 Traditional Rental Income: $1511 Airbnb ROI: 0.82% Traditional ROI: 4.23%
10015 Bridgewater Drive Theodore, AL Beautiful 3BR/2BA home located at the end of a quiet cul-de-sac in the Bridgewater subdivi...	3 beds \| 2 baths \| 1,545 sq.ft.	$285,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 3.83% Airbnb Rental Income: $1019 Traditional Rental Income: $1524 Airbnb ROI: 0.62% Traditional ROI: 3.83%
5710 Spring Landing Drive Theodore, AL Beautifully updated and move-in ready, this spacious 4-bedroom, 4-bath home truly feels li...	4 beds \| 4 baths \| 4,200 sq.ft.	$869,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.99% Airbnb Rental Income: $null Traditional Rental Income: $2759 Airbnb ROI: N/A Traditional ROI: 1.99%
6760 BARNESWOOD Drive Theodore, AL New Construction, USDA eligible, plus $5,000 in seller concessions to buyer w preferred le...	3 beds \| 2 baths \| 1,230 sq.ft.	$243,540	Airbnb cash on cash: 1.05% Traditional cash on cash: 4.09% Airbnb Rental Income: $1019 Traditional Rental Income: $1359 Airbnb ROI: 1.05% Traditional ROI: 4.09%
7421 Pinewood Drive Theodore, AL Welcome to 7421 Pinewood Drive in Theodore! Bring your creativity and make this property y...	3 beds \| 2 baths \| 1,721 sq.ft.	$185,000	Airbnb cash on cash: 1.81% Traditional cash on cash: 4.41% Airbnb Rental Income: $1019 Traditional Rental Income: $1118 Airbnb ROI: 1.81% Traditional ROI: 4.41%
11560 Pioneer Road Theodore, AL Located on the scenic waters of Fowl River, this waterfront property offers 3,155 square f...	4 beds \| 4 baths \| 3,155 sq.ft.	$950,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.36% Airbnb Rental Income: $null Traditional Rental Income: $3427 Airbnb ROI: N/A Traditional ROI: 2.36%
5734 Pheasant Court Theodore, AL Open House, Sunday April 12, 2-3:30pm Located on a quiet cul-de-sac, welcome to 5734 Phe...	3 beds \| 2 baths \| 1,143 sq.ft.	$198,999	Airbnb cash on cash: 1.45% Traditional cash on cash: 4.22% Airbnb Rental Income: $1019 Traditional Rental Income: $1184 Airbnb ROI: 1.45% Traditional ROI: 4.22%
9050 Labrador Trail Theodore, AL Seller will contribute up to $5,000 towards Buyer's closing cost at close of sale. Brick h...	4 beds \| 3 baths \| 2,511 sq.ft.	$400,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.38% Airbnb Rental Income: $null Traditional Rental Income: $1898 Airbnb ROI: N/A Traditional ROI: 3.38%
11415 Wacker Lane W Theodore, AL Charming Home Near Fowl River! This wonderful 3-bedroom, 2-bath home sits on .61 acres wit...	3 beds \| 2 baths \| 1,635 sq.ft.	$307,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 3.23% Airbnb Rental Income: $1019 Traditional Rental Income: $1445 Airbnb ROI: 0.51% Traditional ROI: 3.23%
7264 Broadview Drive Theodore, AL *Motivated Seller!!!* Welcome to your dream home! This charming 4-bedroom, 2-bath ranc...	4 beds \| 2 baths \| 1,507 sq.ft.	$135,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.58% Airbnb Rental Income: $null Traditional Rental Income: $1705 Airbnb ROI: N/A Traditional ROI: 10.58%
7273 Magnolia Avenue Theodore, AL Welcome to your dream home in Theodore! Nestled on a spacious 2-acre lot, this beautifully...	4 beds \| 3 baths \| 3,008 sq.ft.	$415,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.57% Airbnb Rental Income: $null Traditional Rental Income: $3129 Airbnb ROI: N/A Traditional ROI: 6.57%
5600 Springer Court Theodore, AL MOTIVATED SELLER Perfect renovation project with lots of potential and ready for a com...	3 beds \| 2 baths \| 1,115 sq.ft.	$137,000	Airbnb cash on cash: 2.53% Traditional cash on cash: 7.37% Airbnb Rental Income: $1019 Traditional Rental Income: $1296 Airbnb ROI: 2.53% Traditional ROI: 7.37%
9177 Labrador Trail Theodore, AL Welcome Home to 9177 Labrador Trail Theodore, AL. Built by John Howard, this home offers 4...	4 beds \| 3 baths \| 2,451 sq.ft.	$389,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.83% Airbnb Rental Income: $null Traditional Rental Income: $2375 Airbnb ROI: N/A Traditional ROI: 4.83%

Real Estate investment in Theodore, AL

There are 43 properties for sale in the city of Theodore . The median list price in Theodore is $246,270 and the average price per square foot is $121. In April 2026, the average monthly cash on cash return in Theodore is 5.00%. The average monthly rental income in Theodore is $1,673.

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

There are 43 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 $1,673.

Your search for investment property begins and ends here

Investment Property for Sale in Theodore, AL

4620 Dresden Drive

Theodore, AL

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

$425,449

Airbnb cash on cash: N/A

Traditional cash on cash: 3.04%

Airbnb Rental Income: $null

Traditional Rental Income: $1820

Airbnb ROI: N/A

Traditional ROI: 3.04%

8501 Mcallister Drive

Theodore, AL

3 beds | 2 baths | 1,144 sq.ft.

$162,000

Airbnb cash on cash: 2.39%

Traditional cash on cash: 6.88%

Airbnb Rental Income: $1019

Traditional Rental Income: $1354

Airbnb ROI: 2.39%

Traditional ROI: 6.88%

8770 HUNTERS POINTE DR N

Theodore, AL

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

$164,000

Airbnb cash on cash: 2.47%

Traditional cash on cash: 9.03%

Airbnb Rental Income: $1019

Traditional Rental Income: $1686

Airbnb ROI: 2.47%

Traditional ROI: 9.03%

6157 Magnolia Trace N

Theodore, AL

3 beds | 2 baths | 1,225 sq.ft.

$195,500

Airbnb cash on cash: 1.78%

Traditional cash on cash: 4.89%

Airbnb Rental Income: $1019

Traditional Rental Income: $1237

Airbnb ROI: 1.78%

Traditional ROI: 4.89%

8978 Dawes Oak Drive

Theodore, AL

3 beds | 2 baths | 1,795 sq.ft.

$239,000

Airbnb cash on cash: 0.51%

Traditional cash on cash: 5.57%

Airbnb Rental Income: $1019

Traditional Rental Income: $1804

Airbnb ROI: 0.51%

Traditional ROI: 5.57%

6570 Rabbit Ct.

Theodore, AL

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

$209,900

Airbnb cash on cash: 1.31%

Traditional cash on cash: 5.32%

Airbnb Rental Income: $1019

Traditional Rental Income: $1458

Airbnb ROI: 1.31%

Traditional ROI: 5.32%

7078 Westfield Road

Theodore, AL

3 beds | 2 baths | 1,581 sq.ft.

$225,000

Airbnb cash on cash: 0.87%

Traditional cash on cash: 5.16%

Airbnb Rental Income: $1019

Traditional Rental Income: $1572

Airbnb ROI: 0.87%

Traditional ROI: 5.16%

11006 Canal Drive

Theodore, AL

2 beds | 2 baths | 1,593 sq.ft.

$394,900

Airbnb cash on cash: -0.76%

Traditional cash on cash: 2.45%

Airbnb Rental Income: $678

Traditional Rental Income: $1566

Airbnb ROI: -0.76%