Alabama Apartment Buildings for Sale

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Mobile, AL Birmingham, AL Huntsville, AL Montgomery, AL Foley, AL Dothan, AL Tuscaloosa, AL Crane Hill, AL

123 properties

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Updated: Jul 1

Eight-Unit Apartment Building

7721 1st Avenue North, Birmingham, AL 35206

$695,000

7,567 sqft

Eight‑unit multifamily built in 1988, all units configured as 3BR/1BA
Majority of units renovated in 2024‑25
Current occupancy: five of eight units occupied
Three vacant units available for immediate lease‑up
Offered as‑is at $695,000 ($86,875 per unit)

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7721 1st Avenue North, Birmingham, AL 35206

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Est. Cap Rate

7.9%
Above avg (5.9%)
Est. NOI

$55K
Annual
Price @ 7% Cap

$780K
Above asking
Property Type

Apartments (Generic)
Built 1988

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Updated: Jul 16

Studio Apartment Building with Laundry

4009 Marie Avenue, Huntsville, AL 35816

$575,000

2,797 sqft

6 studio apartments totaling 2,797 SF, with current annual income of $56,820
Roof replacement around 2018 (approx.)
Seller financing possible; city‑approved for Air‑BnB/short‑term rentals and mid‑term rentals
Utilities: public water and public sewer
Heating includes wall furnace and electric (varies by unit); cooling includes central air and wall units

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Multifamily Income Property

603 Sparkman Street SW, Hartselle, AL 35640

$810,000

4,225 sqft 0.82 AC lot

For-sale multifamily building on Sparkman Street SW in Hartselle, suited for residential rental operations.

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Sheffield Multifamily Investment Opportunity

701 6th St, Sheffield, AL 35660

$1,152,000

24,680 sqft 1.49 AC lot

32-unit multifamily property in Sheffield, AL, ready for renovation.

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Multifamily Property with Triplex

156-A Dudley Lane, Owens Cross Roads, AL 35763

$585,000

3,588 sqft 2.40 AC lot

Five fully occupied units on a 2.4-acre lot, including two standalone 2BR/1BA units and a three-unit triplex.

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Apartment Building For Sale

217 8th Street SW, Decatur, AL 35601

$1,800,000

15,200 sqft 0.66 AC lot

Residential income property offered for sale in Decatur, Alabama, spanning 15,200 square feet on 0.66 acres.

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Eight-Unit Apartment Building

1500 E GLENN Avenue, Auburn, AL 36830

$2,100,000

8,108 sqft 1.02 AC lot

Eight-unit complex built in 1985 near Auburn University, with uniform 2-bedroom, 2-bath layouts for income use.

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Multifamily Townhome Redevelopment

2905 East 12th Avenue, Sheffield, AL 35660

$549,000

7,110 sqft

Redevelopment project with 18 renovated townhome-style units and separate utilities, plus additional on-site space for flexible uses.

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Huntsville Multifamily Investment Opportunity

4100 Broyles Avenue, Huntsville, AL 35805

$575,000

5,616 sqft 0.45 AC lot

Multifamily property with income potential near Redstone Arsenal.

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Six-Unit Multifamily with Separate Utilities

500 Annapolis Ave, Sheffield, AL 35660

$290,000

3,079 sqft 0.17 AC lot

Six-unit multifamily property with separately metered utilities and recent exterior and systems upgrades, currently 100% occupied.

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Apartment Complex Near Auburn University

1500 E GLENN Avenue, Auburn, AL 36830

$2,300,000

8,108 sqft

Well-maintained 8-unit apartment complex near Auburn University.

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Two-Building Apartment Investment

266 Rickarby Street, Mobile, AL 36606

$600,000

3,576 sqft 0.34 AC lot

Two 3-unit apartment buildings with six fully occupied units, including 2- and 1-bedroom layouts.

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Midtown 9-Unit Apartment Complex

203 Mohawk Street, Mobile, AL 36606

$799,000

5,910 sqft 0.32 AC lot

Nine-unit residential income property with 1- and 2-bedroom units, all electric systems, and on-site resident parking.

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Midtown Investment Opportunity

266 Rickarby Street, Mobile, AL 36606

$600,000

3,576 sqft

Two buildings with six fully leased units in Midtown Mobile.

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Luxury Standalone Condo

814 N COLLEGE Street, Auburn, AL 36830

$7,500,000

2,587 sqft 0.90 AC lot

Brand-new luxury standalone condo with furnished short-term rental readiness and high-end interior finishes.

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Sheffield Multifamily Redevelopment Opportunity

2905 E 12th Ave, Sheffield, AL 35660

$549,000

1.32 AC lot

Multifamily redevelopment with 18 renovated units, ready for completion.

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Six-Unit Apartment Building on Michigan

207 Michigan Avenue, Mobile, AL 36604

$475,000

5,911 sqft

Six-unit apartment building with income potential near Mobile International Airport.

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Six-Unit Apartment Income Building

207 Michigan Avenue, Mobile, AL 36604

$445,000

5,911 sqft 0.13 AC lot

A partially renovated six-unit building with a mix of long-term and short-term rental layouts.

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10-Unit Townhome Rental Portfolio

467 Eufaula Street, Ozark, AL 36360

$850,000

9,858 sqft

Ten 2-bedroom townhomes across three buildings with private patios and individually metered electric and water service.

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Multi-Family Residential Income Property

510 US Hwy 231 S, Brundidge, AL 36010

$150,000

5,920 sqft 3.00 AC lot

Five occupied rental units on a 3-acre parcel, including a duplex, tiny home, single wide, double wide, and house.

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Renovated Workforce Apartment Portfolio

1561 Pike Rd, Birmingham, AL 35218

$9,052,000

97,160 sqft

Two apartment communities total 146 units, with large-scale renovations including HVAC, roofing, and windows.

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Renovated Six-Unit Multifamily Property

1300 Illinois Street, Mobile, AL 36604

$600,000

2,666 sqft

Renovated six-unit building with a mix of furnished short-term and long-term rentals plus coin-operated laundry income.

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North Florence Investment Property

1208 Wood Ave, Florence, AL 35630

$649,000

6,000 sqft

Three-unit investment property in North Florence with long-term leases.

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Huntsville Multifamily Investment Opportunity

2225 Golf Road, Huntsville, AL 35802

$599,900

1,100 sqft

8-unit condo complex near Whitesburg, Grissom schools. Updated units.

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Alabama Apartment Buildings Market Trends and Statistics

Explore 123 apartment buildings for sale in Alabama, showcased through 123 active listings on our real estate platform. These investment opportunities span a total of 817,796 square feet of properties for sale, with an estimated market value of $80,308,300.

Sale prices for two-family homes in Alabama start at $117,000, averaging $1,131,102, and reaching up to $9,052,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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