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23-Unit Apartment Portfolio
For Sale
$1,610,000

136 and 137 59TH STREET, Birmingham, AL 35212

MULTIFAMILY, BIRMINGHAM, AL

Property SizeContact for details
Days on Market88

Property Features for 136 and 137 59TH STREET

General Information

Property type Residential Multi Family
Property subtype Apartment
Subdivision WOODLAWN
Elementary school GATE CITY
Middle school AVONDALE
High school WOODLAWN
Directions 1ST AVENUE NORTH TO 59TH STREET AT MCDONALD'S, APTS ON THERIGHT
Standard status Active
APN 23-00-21-1-013-019.000

Taxes and HOA fees

Tax Description BEG AT SW INTER OF 2ND AVE N & 59TH ST TH SE-190 FT S SW-201 FT S NW-120 FT S NE-76 FT S NW-75 FT S NE-95 FT S TO P O B SEC 21 T17S R2W
Legal Description BEG AT SW INTER OF 2ND AVE N & 59TH ST TH SE-190 FT S SW-201 FT S NW-120 FT S NE-76 FT S NW-75 FT S NE-95 FT S TO P O B SEC 21 T17S R2W

Utilities

Heating system Central
Cooling system Central Air
Water source Public

Amenities

washer/dryer hook-ups

Building Details

Year built 1968
Number of units 23
Flooring type Tile, Vinyl
Building materials Brick and Frame
Listing Agency: Goal Realty LLC
Listed By: Sandy Nguyen (Binh) · License #104667
Added: Jun 15 Changed: Sep 8 Last Checked: Sep 10 at 10:06AM
MLS# 21456164

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 Birmingham multifamily portfolio contains 23 units across three apartment buildings. The properties were built in 1968 with brick-and-frame construction and include open living and dining areas, kitchens, bedrooms with closet space, and washer/dryer hookups in every unit. Flooring has been updated, and the roofs were replaced in 2020. Public water serves the properties, which are fully electric.

Residents are responsible for all utilities. The portfolio is situated near public transportation, shopping, interstate access, and the airport. The offering includes the full group of buildings rather than individual properties.

Key Highlights

  • 23 units across three apartment buildings
  • One 10‑unit building, one 9‑unit building, and one additional multifamily building
  • Roofs replaced in 2020

Property Analytics

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Current Use

True Love Ministries Charitable Organization

Suggested Use

Top Pick Real Estate Agency Bakery (Bike/Boat/Book/etc) Store Garden Center Locksmith Computer & Electronic Repair

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

23
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

548
Businesses Nearby

Demographics for 35212, AL

11,240
Population
5,537
Households
2
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
6.2 sq mi
ZIP Area
1,813
Density / Sq Mi
$34,565
Median Household Income
$37,264
Median Earnings
$754
Median Rent
$210,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Three-building multifamily portfolio with updated flooring, in-unit laundry hookups, and tenant-paid utilities.
Where is this apartment building located?
The property is located at 136 and 137 59TH STREET Birmingham, AL.
What is the asking price?
The asking price for this property is $1,610,000.
What are key features of this property?
This property features: 23 units across three apartment buildings; One 10‑unit building, one 9‑unit building, and one additional multifamily building; Roofs replaced in 2020
More about this property
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