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    524 Vanderbilt St Birmingham, AL 35206

    New
    For Sale
    $499,900

    Apartment - BIRMINGHAM, AL

    Type:Apartment
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 524 Vanderbilt St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    1

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1963
    Number of units
    12
    Architectural style
    Other

    eXp Realty Central (205) 283-1054 [email protected]

    Listing agent Adam Snow (888) 923-5547

    Listing date Dec 4, 2025

    MLS# 21438197 Listing URL

    Copyright © 2025 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Lake Multifamily Value-Add Opportunity

    This 12-unit apartment building is located in the East Lake area. The property features all 2-bedroom, 1-bathroom units. There are 9 vacant units and 3 occupied units. Exterior improvements have been completed, including a new roof, new rear steps and deck, fresh exterior paint, and repaired soffit and fascia. The seller states that all A/C units are in working condition. The property is an ideal opportunity for an investor looking to complete the renovation and reposition this property in a rapidly improving area. Proforma rent is $875–$925 per unit. Remaining renovation needs include light plumbing and electrical updates where needed, interior paint, new flooring, cabinets and countertops, and updated tubs, toilets, and vanities in each unit. A full scope of work and bid for the remaining interior renovations can be provided. A certified appraisal reflecting an ARV of $860,000 has been completed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.719912
    Latitude
    33.558577

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    FAQs

    What type of property is this?
    Apartment building - 12-unit apartment building in Birmingham's growing East Lake area.
    Where is this apartment building located?
    The property is located at 524 Vanderbilt St Birmingham, AL.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Value-add opportunity in growing East Lake area with 12 units.; - All units are 2BR/1BA.; - Certified appraisal reflects an After Repair Value (ARV) of $860,000.
    (888) 923-5547
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    524 Vanderbilt St Birmingham, AL 35206
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