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    Sheffield, AL
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    Sheffield, AL Apartment Buildings for Sale

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    Muscle Shoals, AL Tuscumbia, AL Florence, AL Rainbow City, AL Cullman, AL Killen, AL Leighton, AL Crane Hill, AL
    8 properties
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    Six-Unit Multifamily with Separate Utilities
    Updated: Jun 4
    Six-Unit Multifamily with Separate Utilities

    500 Annapolis Ave, Sheffield, AL 35660

    $290,000
    3,079 sqft 0.17 AC lot
    6‑unit building with 100% occupancy at $3,490/month total rent
    Tenants pay utilities; all units are separately metered
    Recent major updates reported within the last 5 years: new roof, windows, vinyl siding, plumbing, appliances, and window units
    Metal roof; vinyl siding; flooring includes vinyl and laminate
    Heating is electric; cooling provided by window unit(s)
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    This listing looks promising.

    Here's a quick look at some key insights for

    500 Annapolis Ave, Sheffield, AL 35660

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    • Est. Cap Rate

      5.6%
      NOI ÷ price

    • Est. NOI

      $16K
      Annual

    • Price @ 7% Cap

      $232K
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1920
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    Sheffield Multifamily Investment Opportunity
    Updated: May 27
    Sheffield Multifamily Investment Opportunity

    701 6th St, Sheffield, AL 35660

    $1,152,000
    24,680 sqft 1.49 AC lot
    Priced below tax appraisal and CBRE appraised value, offering immediate upside potential.
    Vacant 32 two‑bedroom, one‑bath units, ready for renovations.
    Excellent value‑add opportunity to reposition and maximize rental income.
    Units are approximately 975 SF each.
    Ideal project for investors.
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    Sheffield Multifamily Redevelopment Opportunity
    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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    Multifamily Townhome Redevelopment
    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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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Mixed-Use Building with Bank History
    Mixed-Use Building with Bank History

    301 N Montgomery Ave, Sheffield, AL 35660

    $950,000
    4,863 sqft

    Historic building built in 1916, currently under renovation, sold as-is and not finished out.

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    Mixed-Use Property with Apartments
    Mixed-Use Property with Apartments

    310 N Montgomery Ave, Sheffield, AL 35660

    $1,075,000
    12,000 sqft

    Two buildings with established businesses and four apartments.

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    32-Unit Apartment Building
    32-Unit Apartment Building

    701 W SIXTH ST, Sheffield, AL 35660

    $1,152,000
    31,200 sqft

    Thirty-two two-bedroom, one-bath units are vacated and ready for renovation under a property sale geared to investors.

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    Historic Building with Renovation Potential
    Historic Building with Renovation Potential

    301 N Montgomery Ave, Sheffield, AL 35660

    $950,000
    4,863 sqft

    1916 building with restaurant, apartments, and retail potential.

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    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 8 Active listings in Sheffield, AL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Five-Unit Multifamily Near UNA
    Five-Unit Multifamily Near UNA

    727 Sherrod Avenue, Florence, AL 35630

    $315,000
    3,300 sqft 0.17 AC lot

    Five-unit apartment building near UNA, with income potential.

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    Decatur Multifamily Investment Opportunity
    Decatur Multifamily Investment Opportunity

    1801 Glenn Street, Decatur, AL 35603

    $600,000
    6,624 sqft

    Five townhouses near shopping and restaurants in Decatur, Alabama.

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    Five-Unit Multifamily Property Near UNA
    Five-Unit Multifamily Property Near UNA

    727 Sherrod Avenue, Florence, AL 35630

    $315,000

    Five-unit apartment building near UNA, with income potential.

    View details
    24-Unit Multifamily Investment Opportunity
    24-Unit Multifamily Investment Opportunity

    217 8th SW Street, Decatur, AL 35601

    $1,925,000

    24 units with value-add potential in Decatur, Alabama.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

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    Ocean Springs Highway 90 Land
    Ocean Springs Highway 90 Land

    Bienville Blvd, Ocean Springs, MS 39564

    $675,000
    143,748 sqft 3.30 AC lot

    3.3 acre commercial land on Highway 90, Ocean Springs.

    View details
    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

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    Off-Market Properties in Sheffield, AL

    Consider similar Off-Market properties in Sheffield, AL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    500 Montgomery Ave
    Restaurants

    500 Montgomery Ave, Sheffield, AL 35660

    Value Estimation by Request
    55,305 sqft
    View details

    Sheffield, AL Apartment Buildings Market Trends and Statistics

    Explore 9 apartment buildings for sale in Sheffield, AL, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 87,795 square feet of properties for sale, with an estimated market value of $6,118,000.

    Sale prices for two-family homes in Sheffield, AL start at $290,000, averaging $874,000, and reaching up to $1,152,000 — 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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    Demographics Overview

    Population 9,385
    Population Growth (5Y) +4.4%
    Median Household Income $42,510
    College Educated 21.5%

    High-Yield Neighborhoods for Investment

    Identify Sheffield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    35660 $899.3K

    Taxes & Financing

    Tax Rate (average for all types) 5.03%
    Property Tax per SF $40.11 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Colbert County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Colbert County

    Retail

    Residential Income

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