20-Unit Garden Apartment
For Sale
$1,350,000
Pending
7720 MADRID AVENUE, Birmingham, AL 35206
MULTIFAMILY, BIRMINGHAM, AL
Property SizeContact for details
Days on Market71
Property Features for 7720 MADRID AVENUE
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Subdivision
EAST LAKE
Elementary school
BARRETT
Middle school
OSSIE WARE MITCHELL
High school
WOODLAWN
Directions
From 20/59 head south on Oporto Madrid. Left on Rugby Ave, Left on Madrid Ave, 7720 on left hand side
Standard status
Pending
APN
23-00-14-2-020-014.000
Taxes and HOA fees
Tax Description
POB W INTER RUGBY AVE & MADRID AVE TH W 162S FT ALG RUGBY AVE TH N 154.2S FT TH NE 18S FT TH NW 53S FT TH NE 122 FT TH E 128 FT TO MADRID AVE TH S 288 FT ALG MADRID AVE TO P O B BEING PT LOTS 11 & 12 BLK 1 SO HGLDS OF EAST LAKE & LOTS 18&19 BLK 2 RUGBY GARDENS SUR
Legal Description
POB W INTER RUGBY AVE & MADRID AVE TH W 162S FT ALG RUGBY AVE TH N 154.2S FT TH NE 18S FT TH NW 53S FT TH NE 122 FT TH E 128 FT TO MADRID AVE TH S 288 FT ALG MADRID AVE TO P O B BEING PT LOTS 11 & 12 BLK 1 SO HGLDS OF EAST LAKE & LOTS 18&19 BLK 2 RUGBY GARDENS SUR
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1964
Number of units
20
Flooring type
Hardwood
Building materials
Brick and Frame
Listing Agency:
Bear Flag Property Management
(205) 733-0354
Listed By:
Davey Lanshaw · License #116658-1
(205) 773-0354
Added: Jul 1
Changed: Sep 8
Last Checked: Sep 9 at 1:06AM
MLS# 21459954
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 20-unit garden apartment property comprises two brick-and-frame buildings constructed in 1964. Recent improvements include virtually all new HVAC equipment, mostly replaced water heaters, refinished parking areas, exterior lighting, code-compliant railings, updated flooring, and fresh paint. Each apartment has separate electric and water meters, while ownership covers trash service and landscaping. Public water, hardwood flooring, electric heat, and central air are also in place.
The property is located in East Lake, less than 10 miles from downtown Birmingham. The surrounding area provides proximity to shopping centers, nature, work, and family connections. The apartments are occupied by working families, and professional management is established with existing tenant relationships to support a transition.
The property is located in East Lake, less than 10 miles from downtown Birmingham. The surrounding area provides proximity to shopping centers, nature, work, and family connections. The apartments are occupied by working families, and professional management is established with existing tenant relationships to support a transition.
Key Highlights
- 20 garden apartment units across two brick‑and‑frame buildings
- Separate electric and water meters for each apartment
- Virtually all new HVAC; majority of water heaters replaced
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
Demographics for 35206, AL
15,648
Population
7,967
Households
2
Avg Household Size
40
Median Age
19%
College-Educated
87%
High-School Grad
10.1 sq mi
ZIP Area
1,549
Density / Sq Mi
$39,051
Median Household Income
$28,665
Median Earnings
$990
Median Rent
$122,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick-and-frame garden apartments with updated building systems and separately metered utilities.
Where is this apartment building located?
The property is located at 7720 MADRID AVENUE Birmingham, AL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 20 garden apartment units across two brick‑and‑frame buildings; Separate electric and water meters for each apartment; Virtually all new HVAC; majority of water heaters replaced
