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Renovated 12-Unit Apartment Building
For Sale
$949,000

740 Coliseum Boulevard, Montgomery, AL 36109

ResidentialIncome, Montgomery, AL

Property SizeContact for details
Days on Market174

Property Features for 740 Coliseum Boulevard

General Information

Property type Residential Multi Family
Property subtype Other
Interior features EatInKitchen
Appliances ElectricWaterHeater
Middle school ,
Directions Turn onto Coliseum Blvd from Atlanta Highway, complex is 1 mile down on the right.
Subdivision MONT-N Central Mont City
Standard status Active
APN 10-02-04-1-001-001.000

Taxes and HOA fees

Tax Description ALSO 1.5 AC LYING E OF LOTS 1, 2A & 3
Tax Annual Amount 6208
Legal Description ALSO 1.5 AC LYING E OF LOTS 1, 2A & 3

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Central Air, Electric
Water source Public

Building Details

Year built 1986
Floors in Building 2
Number of units 12
Flooring type Vinyl, Plank
Building materials Brick
Architectural style Other
Listing Agency: Partners Realty
Listed By: Parker Ivey · License #0132805
Added: Apr 7 Changed: Sep 22 Last Checked: Sep 27 at 5:06PM
MLS# 585493

Copyright © 2026 Montgomery Area Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 12-unit apartment property, built in 1986, has received comprehensive updates throughout every residence. Improvements include new plumbing systems, updated electrical service, and new HVAC systems. Interior features include vinyl plank flooring, eat-in kitchens, electric water heaters, and central heating and cooling. The brick construction is served by public water and public sewer.

Established local property management is in place for day-to-day operations. The property is situated near Maxwell Air Force Base, Alabama State University, and Baptist Health, with access to retail, dining, and transportation corridors in the surrounding area.

Key Highlights

  • 12‑unit apartment property built in 1986
  • All units comprehensively renovated
  • New plumbing systems and updated electrical throughout

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Restaurant Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

167
Businesses Nearby

Demographics for 36109, AL

24,176
Population
11,273
Households
2.1
Avg Household Size
41
Median Age
30%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
2,139
Density / Sq Mi
$61,059
Median Household Income
$37,876
Median Earnings
$1,108
Median Rent
$134,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - All residences feature updated interiors, central HVAC, and eat-in kitchens.
Where is this apartment building located?
The property is located at 740 Coliseum Boulevard Montgomery, AL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 12‑unit apartment property built in 1986; All units comprehensively renovated; New plumbing systems and updated electrical throughout
More about this property
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