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98-Unit Apartment Community
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1103 23rd St N, Pell City, AL 35125

Apartments include private patios or balconies, laundry connections, and shared outdoor recreation amenities.

Property Size110,000 SF
Days on Market2

Property Features for 1103 23rd St N

General Information

Standard status Active
Size 110,000 SF
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 98

Amenities

stainless steel appliances
washer/dryer connections
walk-in closets
private patios or balconies
swimming pool
playground
bark park
picnic and grilling areas
on-site management
on-site maintenance
98-unit, 1990s-built community offering immediate cash flow, an attractive unit mix, desirable amenities, and convenient access to major employment centers along I-20.
Located near Honda's 4.9 million-square-foot Alabama Auto Plant, employing more than 4,500 associates and supporting a substantial regional supplier and workforce network.
Pell City's expanding population, strong manufacturing employment base, and limited new apartment development support long-term rental demand and investment potential.

Building Details

Building Size 110,000 SF
Units 98
Listed By: Lloyd Escue · License #License(s): AL: 000132234 - 0
Source: Marcusmillichap
Added: Sep 26 Last Checked: Sep 26 at 3:16PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lloyd Escue

Investment Insights

Based on property information with market context.

This 98-unit apartment community in Pell City, Alabama, was built in the 1990s and offers one-, two-, and three-bedroom homes. Apartment features include stainless steel appliances, washer and dryer connections, walk-in closets, and private patios or balconies. Shared amenities include a pool, playground, dog park, picnic and grilling spaces, plus on-site management and maintenance.

The property is along the I-20 corridor east of Birmingham. Honda’s Alabama Auto Plant is in nearby Lincoln; the 4.9 million-square-foot facility has more than $3 billion in cumulative investment and employs over 4,500 associates.

Key Highlights

  • 98 apartment units with one-, two-, and three‑bedroom layouts
  • Built in the 1990s
  • Homes include stainless steel appliances, washer and dryer connections, and walk‑in closets

Property Analytics

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Current Use

The Park on 23rd Apartments Real Estate Agency Building E Apartment Building TK Advertising Agency Bell Rex T Construction Company

Suggested Use

Top Pick HVAC Service Locksmith (Bike/Boat/Book/etc) Store Garden Center Storage Facility Barber Shop

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

98
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

352
Businesses Nearby

Demographics for 35125, AL

10,821
Population
4,593
Households
2.4
Avg Household Size
39
Median Age
18%
College-Educated
80%
High-School Grad
47.4 sq mi
ZIP Area
228
Density / Sq Mi
$63,823
Median Household Income
$37,470
Median Earnings
$985
Median Rent
$179,900
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 - Apartments include private patios or balconies, laundry connections, and shared outdoor recreation amenities.
Where is this apartment building located?
The property is located at 1103 23rd St N Pell City, AL.
What are key features of this property?
This property features: 98 apartment units with one-, two-, and three‑bedroom layouts; Built in the 1990s; Homes include stainless steel appliances, washer and dryer connections, and walk‑in closets
More about this property
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