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39-Unit Apartment Portfolio

1931 15th Avenue South, Birmingham, AL 35234

For Sale
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Three apartment properties are offered together in Birmingham, Alabama.

Property SizeContact for details
Days on Market6

Property Features for 1931 15th Avenue South

General Information

Standard status Active
Property subtype Multifamily

Site & Location

Neighborhood Redmont Park

Additional Details

Multifamily Units 39

Building Details

Buildings 3
Listing Agency: Newmark - Birmingham
Listed By: Sarah Nee · License AL #000150532
Source: Crexi
Added: Nov 5 Changed: Nov 8 Last Checked: Nov 10 at 7:23AM

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 Newmark - Birmingham

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Investment Insights

Based on property information with market context.

The offering combines three apartment properties: The Drake, The Madrid and The Nolan. Together, the buildings contain 39 residential units.

The properties are located at 1931 15th Avenue South in Birmingham, Jefferson County, Alabama.

Key Highlights

  • 39 residential units across three apartment properties
  • Includes The Drake, The Madrid and The Nolan
  • Located at 1931 15th Avenue South in Birmingham, Alabama

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

39
Residential units

Location Intelligence

Trade Area within ½ mile

3,113
Businesses Nearby

Demographics for 35234, AL

4,873
Population
2,588
Households
1.9
Avg Household Size
45
Median Age
12%
College-Educated
80%
High-School Grad
3.4 sq mi
ZIP Area
1,433
Density / Sq Mi
$23,804
Median Household Income
$28,464
Median Earnings
$783
Median Rent
$77,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Apartment buildings in Birmingham, AL

$240 Jul
$316 Aug
$268 Sep
$268 Oct

Properties on Market for Apartment buildings in Birmingham

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Three apartment properties are offered together in Birmingham, Alabama.
Where is this apartment building located?
The property is located at 1931 15th Avenue South Birmingham, AL.
What are key features of this property?
This property features: 39 residential units across three apartment properties; Includes The Drake, The Madrid and The Nolan; Located at 1931 15th Avenue South in Birmingham, Alabama
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