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
7201 Pecan Terrace Drive Theodore, AL ***SELLERS WILL ENTERTAIN OFFERS BETWEEN $224,000-$255,000. LIST PRICE EQUALS THE COMBINED...	3 beds \| 2 baths \| 1,296 sq.ft.	$224,255	Airbnb cash on cash: 2.92% Traditional cash on cash: 5% Airbnb Rental Income: $1416 Traditional Rental Income: $1433 Airbnb ROI: 2.92% Traditional ROI: 5%
8309 Lake Ponchartrain Drive Theodore, AL Motivated sellers! This 3-bedroom, 2.5-bath home offers plenty of space and potential, fea...	3 beds \| 3 baths \| 1,414 sq.ft.	$149,900	Airbnb cash on cash: 4.48% Traditional cash on cash: 7.1% Airbnb Rental Income: $1416 Traditional Rental Income: $1366 Airbnb ROI: 4.48% Traditional ROI: 7.1%
4723 Campanella Drive N Theodore, AL MOVE-IN READY! Recent updates include a NEW roof (2025), NEW water heater (2025), updated ...	3 beds \| 2 baths \| 1,431 sq.ft.	$195,000	Airbnb cash on cash: 3.54% Traditional cash on cash: 6.46% Airbnb Rental Income: $1416 Traditional Rental Income: $1533 Airbnb ROI: 3.54% Traditional ROI: 6.46%
3730 Rabbit Creek Court Theodore, AL WATERFRONT LIVING ON RABBIT CREEK WITH ACCESS TO DOG RIVER & MOBILE BAY! Welcome to 3730 R...	3 beds \| 2 baths \| 2,036 sq.ft.	$499,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 2.72% Airbnb Rental Income: $1416 Traditional Rental Income: $1970 Airbnb ROI: 0.62% Traditional ROI: 2.72%
4680 Joe Carl Road S Theodore, AL Investment opportunity in Theodore with plenty of potential. This property offers approxim...	2 beds \| 1 baths \| 912 sq.ft.	$84,900	Airbnb cash on cash: 4.44% Traditional cash on cash: 9.2% Airbnb Rental Income: $947 Traditional Rental Income: $996 Airbnb ROI: 4.44% Traditional ROI: 9.2%
7057 Arbor Drive 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: 3.66% Traditional cash on cash: 6.75% Airbnb Rental Income: $1416 Traditional Rental Income: $1549 Airbnb ROI: 3.66% Traditional ROI: 6.75%
8319 Old Pascagoula Road Theodore, AL New Price and Motivated Seller offering $10,000 in Concessions and Price Improvement! No H...	4 beds \| 4 baths \| 3,059 sq.ft.	$415,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.11% Airbnb Rental Income: $null Traditional Rental Income: $2597 Airbnb ROI: N/A Traditional ROI: 5.11%
5254 Willard Drive S Theodore, AL ASSUMABLE MORTGAGE- 5.75% INTEREST RATE!!! This four-bedroom, two-bath brick home offers a...	4 beds \| 2 baths \| 1,755 sq.ft.	$249,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.85% Airbnb Rental Income: $null Traditional Rental Income: $1788 Airbnb ROI: N/A Traditional ROI: 5.85%
7078 Westfield Road Theodore, AL NEWER CONSTRUCTION, MODERN FEATURES & MOVE-IN READY! Built in 2023, this charming home che...	3 beds \| 2 baths \| 1,581 sq.ft.	$245,900	Airbnb cash on cash: 2.05% Traditional cash on cash: 4.55% Airbnb Rental Income: $1416 Traditional Rental Income: $1572 Airbnb ROI: 2.05% Traditional ROI: 4.55%
7395 Pinewood Drive Theodore, AL USDA Approved Area - No Down Payment for Eligible Buyers! WELCOME HOME to 7395 Pinewood ...	3 beds \| 2 baths \| 1,208 sq.ft.	$173,900	Airbnb cash on cash: 4.12% Traditional cash on cash: 6.09% Airbnb Rental Income: $1416 Traditional Rental Income: $1316 Airbnb ROI: 4.12% Traditional ROI: 6.09%
6230 Stream Bank Drive 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: 1.47% Traditional cash on cash: 4.32% Airbnb Rental Income: $1416 Traditional Rental Income: $1702 Airbnb ROI: 1.47% Traditional ROI: 4.32%
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.	$230,000	Airbnb cash on cash: 2.16% Traditional cash on cash: 5.38% Airbnb Rental Income: $1416 Traditional Rental Income: $1692 Airbnb ROI: 2.16% Traditional ROI: 5.38%
2961 Jackson Road Theodore, AL ***Back on the market - no fault of the seller! Motivated seller, please bring all offers!...	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%
3770 Bebee Point Drive Theodore, AL ***SELLERS WILL ENTERTAIN OFFERS BETWEEN $1,095,000-$1,295,000. LIST PRICE EQUALS THE COMB...	3 beds \| 3 baths \| 3,500 sq.ft.	$1,095,295	Airbnb cash on cash: -0.61% Traditional cash on cash: 0.9% Airbnb Rental Income: $1416 Traditional Rental Income: $2531 Airbnb ROI: -0.61% Traditional ROI: 0.9%
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.	$1,675,000	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%
6923 Floyd Place Theodore, AL USDA Eligible home nestled in a quiet cul-de-sac, this beautifully maintained 4 bedroom, 2...	4 beds \| 2 baths \| 2,182 sq.ft.	$260,000	Airbnb cash on cash: N/A Traditional cash on cash: 7% Airbnb Rental Income: $null Traditional Rental Income: $2236 Airbnb ROI: N/A Traditional ROI: 7%
7180 W Whispering Meadows Drive Theodore, AL Welcome home to 7180 Whispering Meadows Way in Theodore! This beautifully updated 3-bedroo...	3 beds \| 2 baths \| 1,598 sq.ft.	$158,900	Airbnb cash on cash: 4.8% Traditional cash on cash: 8.66% Airbnb Rental Income: $1416 Traditional Rental Income: $1577 Airbnb ROI: 4.8% Traditional ROI: 8.66%
7180 Whispering Meadows Drive Theodore, AL Welcome home to 7180 Whispering Meadows Way in Theodore! This beautifully updated 3-bedroo...	3 beds \| 2 baths \| 1,598 sq.ft.	$158,900	Airbnb cash on cash: 4.8% Traditional cash on cash: 10.11% Airbnb Rental Income: $1416 Traditional Rental Income: $1797 Airbnb ROI: 4.8% Traditional ROI: 10.11%
5482 Leytham Road Theodore, AL BOM Pending ROS-Welcome to the peaceful retreat you have been searching for. Situated on a...	3 beds \| 2 baths \| 1,603 sq.ft.	$280,000	Airbnb cash on cash: 2.05% Traditional cash on cash: 5.93% Airbnb Rental Income: $1416 Traditional Rental Income: $2013 Airbnb ROI: 2.05% Traditional ROI: 5.93%
8051 Aloyis Drive Theodore, AL **Seller will pay up to $10,000 toward buyer's closing costs and prepaid expenses with an ...	3 beds \| 2 baths \| 1,657 sq.ft.	$214,000	Airbnb cash on cash: 3.14% Traditional cash on cash: 6.67% Airbnb Rental Income: $1416 Traditional Rental Income: $1707 Airbnb ROI: 3.14% Traditional ROI: 6.67%
7188 Cherokee Trail W Theodore, AL Welcome home to this beautifully updated 3-bedroom, two bath home in Theodore. Featuring a...	3 beds \| 2 baths \| 1,300 sq.ft.	$195,000	Airbnb cash on cash: 3.37% Traditional cash on cash: 4.92% Airbnb Rental Income: $1416 Traditional Rental Income: $1279 Airbnb ROI: 3.37% Traditional ROI: 4.92%
10189 Bridgewater Drive Theodore, AL PRICE REDUCTION!!!! USDA ELIGIBLE!!!! Welcome home! This beautiful, four bedroom two bath ...	4 beds \| 2 baths \| 2,105 sq.ft.	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.94% Airbnb Rental Income: $null Traditional Rental Income: $1905 Airbnb ROI: N/A Traditional ROI: 3.94%
10030 Desiree Court Theodore, AL Welcome to Kipling Station! This home, built in 2023, is situated on a great corner lot. T...	3 beds \| 2 baths \| 1,860 sq.ft.	$320,000	Airbnb cash on cash: 1.59% Traditional cash on cash: 4.32% Airbnb Rental Income: $1416 Traditional Rental Income: $1814 Airbnb ROI: 1.59% Traditional ROI: 4.32%
9750 Bellingrath Road Theodore, AL Welcome to your own slice of country living! Situated on approximately 15 beautiful acres,...	3 beds \| 3 baths \| 2,849 sq.ft.	$675,000	Airbnb cash on cash: 0.24% Traditional cash on cash: 1.68% Airbnb Rental Income: $1416 Traditional Rental Income: $1901 Airbnb ROI: 0.24% Traditional ROI: 1.68%
6301 Woodside Drive Theodore, AL VRP SELLERS WILL ENTERTAIN OFFERS BETWEEN $199,000-219,000! USDA eligible-NO DOWN PAYMENT ...	3 beds \| 2 baths \| 1,323 sq.ft.	$199,219	Airbnb cash on cash: 3.32% Traditional cash on cash: 5.3% Airbnb Rental Income: $1416 Traditional Rental Income: $1365 Airbnb ROI: 3.32% Traditional ROI: 5.3%
8883 Dawes Creek Drive Theodore, AL (*BUYER INCENTIVE!! - Seller is offering $5,000 in buyer concessions with acceptable offer...	3 beds \| 2 baths \| 2,219 sq.ft.	$310,000	Airbnb cash on cash: 1.66% Traditional cash on cash: 4.41% Airbnb Rental Income: $1416 Traditional Rental Income: $1793 Airbnb ROI: 1.66% Traditional ROI: 4.41%
7828 Oakmont Drive Theodore, AL Welcome to 7828 Oakmont Drive N in Theodore, AL. This inviting 3-bedroom, 2 bath home offe...	3 beds \| 2 baths \| 1,200 sq.ft.	$240,000	Airbnb cash on cash: 2.38% Traditional cash on cash: 4.49% Airbnb Rental Income: $1416 Traditional Rental Income: $1470 Airbnb ROI: 2.38% Traditional ROI: 4.49%
3130 Cumberland Road Theodore, AL Enjoy breathtaking waterfront views and coastal living at its finest in this beautiful 4-b...	4 beds \| 4 baths \| 3,430 sq.ft.	$1,200,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.86% Airbnb Rental Income: $null Traditional Rental Income: $3478 Airbnb ROI: N/A Traditional ROI: 1.86%
6241 Woodside Drive Theodore, AL ***This is an assumable loan with approved credit from the current Lender with a loan rate...	3 beds \| 2 baths \| 1,400 sq.ft.	$229,000	Airbnb cash on cash: 2.51% Traditional cash on cash: 5.36% Airbnb Rental Income: $1416 Traditional Rental Income: $1608 Airbnb ROI: 2.51% Traditional ROI: 5.36%
10030 Desiree Court N Theodore, AL Welcome to Kipling Station! This home, built in 2023, is situated on a desirable corner lo...	3 beds \| 2 baths \| 1,819 sq.ft.	$320,000	Airbnb cash on cash: 1.62% Traditional cash on cash: 4.57% Airbnb Rental Income: $1416 Traditional Rental Income: $1878 Airbnb ROI: 1.62% Traditional ROI: 4.57%
7828 Oakmont Drive N Theodore, AL Welcome to 7828 Oakmont Drive N in Theodore, AL. This inviting 3-bedroom, 2 bath home offe...	3 beds \| 2 baths \| 1,200 sq.ft.	$240,000	Airbnb cash on cash: 2.38% Traditional cash on cash: 4.91% Airbnb Rental Income: $1416 Traditional Rental Income: $1567 Airbnb ROI: 2.38% Traditional ROI: 4.91%
6534 Belwood Drive W Theodore, AL Waterfront Living on Alligator Bayou! Whether you're looking for a weekend getaway, year-r...	2 beds \| 2 baths \| 1,482 sq.ft.	$249,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 6.32% Airbnb Rental Income: $947 Traditional Rental Income: $1904 Airbnb ROI: 0.78% Traditional ROI: 6.32%
11055 Saltaire Drive Theodore, AL Practically New Construction. This, 3 bed-2 bath, home sits on 1 acre of unrestricted land...	3 beds \| 2 baths \| 1,100 sq.ft.	$269,900	Airbnb cash on cash: 2.4% Traditional cash on cash: 4.74% Airbnb Rental Income: $1416 Traditional Rental Income: $1588 Airbnb ROI: 2.4% Traditional ROI: 4.74%
7175 Kenny Lundy Road Theodore, AL Welcome to 7175 Kenny Lundy Road, where a little extra breathing room meets the comforts o...	3 beds \| 2 baths \| 1,200 sq.ft.	$195,000	Airbnb cash on cash: 3.4% Traditional cash on cash: 6.58% Airbnb Rental Income: $1416 Traditional Rental Income: $1581 Airbnb ROI: 3.4% Traditional ROI: 6.58%
5449 Setter Court Theodore, AL Absolutely stunning renovated and move-in ready home!!! The entire home has been updated a...	4 beds \| 2 baths \| 1,534 sq.ft.	$224,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.62% Airbnb Rental Income: $null Traditional Rental Income: $1777 Airbnb ROI: N/A Traditional ROI: 6.62%
8460 Lake Tahoe Drive Theodore, AL Welcome to 8460 Lake Tahoe Drive in Theodore! This beautifully remodeled 4-bedroom, 2-bath...	4 beds \| 2 baths \| 1,631 sq.ft.	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.16% Airbnb Rental Income: $null Traditional Rental Income: $1659 Airbnb ROI: N/A Traditional ROI: 7.16%
6571 Sandra Dr Theodore, AL Don't miss this well maintained home in a convenient location close to local schools, Inte...	3 beds \| 2 baths \| 1,974 sq.ft.	$229,999	Airbnb cash on cash: 2.88% Traditional cash on cash: 8.04% Airbnb Rental Income: $1416 Traditional Rental Income: $2113 Airbnb ROI: 2.88% Traditional ROI: 8.04%
5932 Easy Court Theodore, AL This sprawling brick home has multiple common areas to accommodate modern living. Easy Cou...	3 beds \| 2 baths \| 2,256 sq.ft.	$219,900	Airbnb cash on cash: 2.86% Traditional cash on cash: 8.85% Airbnb Rental Income: $1416 Traditional Rental Income: $2238 Airbnb ROI: 2.86% Traditional ROI: 8.85%

Real Estate investment in Theodore, AL

There are 39 properties for sale in the city of Theodore . The median list price in Theodore is $199,905 and the average price per square foot is $106. In November 2026, the average monthly cash on cash return in Theodore is 5.00%. The average monthly rental income in Theodore is $1,777.

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

There are 39 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 $1,777.

Your search for investment property begins and ends here

Investment Property for Sale in Theodore, AL

7201 Pecan Terrace Drive

Theodore, AL

3 beds | 2 baths | 1,296 sq.ft.

$224,255

Airbnb cash on cash: 2.92%

Traditional cash on cash: 5%

Airbnb Rental Income: $1416

Traditional Rental Income: $1433

Airbnb ROI: 2.92%

Traditional ROI: 5%

8309 Lake Ponchartrain Drive

Theodore, AL

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

$149,900

Airbnb cash on cash: 4.48%

Traditional cash on cash: 7.1%

Airbnb Rental Income: $1416

Traditional Rental Income: $1366

Airbnb ROI: 4.48%

Traditional ROI: 7.1%

4723 Campanella Drive N

Theodore, AL

3 beds | 2 baths | 1,431 sq.ft.

$195,000

Airbnb cash on cash: 3.54%

Traditional cash on cash: 6.46%

Airbnb Rental Income: $1416

Traditional Rental Income: $1533

Airbnb ROI: 3.54%

Traditional ROI: 6.46%

3730 Rabbit Creek Court

Theodore, AL

3 beds | 2 baths | 2,036 sq.ft.

$499,000

Airbnb cash on cash: 0.62%

Traditional cash on cash: 2.72%

Airbnb Rental Income: $1416

Traditional Rental Income: $1970

Airbnb ROI: 0.62%

Traditional ROI: 2.72%

4680 Joe Carl Road S

Theodore, AL

2 beds | 1 baths | 912 sq.ft.

$84,900

Airbnb cash on cash: 4.44%

Traditional cash on cash: 9.2%

Airbnb Rental Income: $947

Traditional Rental Income: $996

Airbnb ROI: 4.44%

Traditional ROI: 9.2%

7057 Arbor Drive

Theodore, AL

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

$190,000

Airbnb cash on cash: 3.66%

Traditional cash on cash: 6.75%

Airbnb Rental Income: $1416

Traditional Rental Income: $1549

Airbnb ROI: 3.66%

Traditional ROI: 6.75%

8319 Old Pascagoula Road

Theodore, AL

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

$415,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.11%

Airbnb Rental Income: $null

Traditional Rental Income: $2597

Airbnb ROI: N/A

Traditional ROI: 5.11%

5254 Willard Drive S

Theodore, AL

4 beds | 2 baths | 1,755 sq.ft.

$249,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.85%

Airbnb Rental Income: $null

Traditional Rental Income: $1788

Airbnb ROI: N/A