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8-Unit Apartment Building
For Sale
Contact for pricing
Pending

1214 Veterans Memorial Parkway, Tuscaloosa, AL 35404

Eight residential units offer an established income-producing configuration with flexibility for continued operation or redevelopment.

Property SizeContact for details
Days on Market145

Property Features for 1214 Veterans Memorial Parkway

General Information

Standard status Pending
Property subtype Multifamily

Units

Unit Mix 8 x 2BR/1BA
Multifamily Units 8
Listing Agency: Pritchett-Moore, Inc
Listed By: Courtney Gora · License #AL
Source: Crexi
Added: Apr 12 Changed: Sep 3 Last Checked: Aug 31 at 8:03PM

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 Pritchett-Moore, Inc

Investment Insights

Based on property information with market context.

This apartment property includes 8 residential units, each configured with two bedrooms and one bathroom. The existing layout supports residential income use, while the absence of long-term leases provides flexibility for a future owner. The site encompasses 1/2 + acre and may also be considered for redevelopment or other applications supported by the property’s setting.

The property is positioned near retail shopping, a campus, and a hospital. 2018 Alabama Department of Transportation traffic counts recorded approximately 31,000 cars per day in the surrounding area. Prospective visitors are asked to contact the listing agent before entering the property.

Key Highlights

  • 8 two‑bedroom, one‑bathroom residential units
  • 1/2 + acre site
  • No long‑term leases in place

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Electrical Service Auto Parts Store Building Supply (Bike/Boat/Book/etc) Store Storage Facility

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

1,075
Businesses Nearby

Demographics for 35404, AL

20,982
Population
11,427
Households
1.8
Avg Household Size
30
Median Age
27%
College-Educated
89%
High-School Grad
16.6 sq mi
ZIP Area
1,264
Density / Sq Mi
$45,521
Median Household Income
$25,035
Median Earnings
$986
Median Rent
$175,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Eight residential units offer an established income-producing configuration with flexibility for continued operation or redevelopment.
Where is this apartment building located?
The property is located at 1214 Veterans Memorial Parkway Tuscaloosa, AL.
What are key features of this property?
This property features: 8 two‑bedroom, one‑bathroom residential units; 1/2 + acre site; No long‑term leases in place
More about this property
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