Stabilized Multifamily
For Sale
Contact for pricing
403 3rd St NE, Alabaster, AL 35007
Turnkey, fully stabilized multifamily with recent interior and exterior upgrades designed for immediate investor cash flow.
Property Size82,778 SF
Days on Market96
Property Features for 403 3rd St NE
General Information
Standard status
Active
Size
82,778 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
89
Amenities
Features a mix of one-, two-, and three-bedroom apartment homes w contemporary finishes including stainless steel appliances, granite countertops, luxury LVP flooring, designer lighting, a ceiling fan
Community amenities include a refreshed swimming pool with sundeck, covered grilling area, fitness center, fenced dog park, and expansive ridge-top views of the Appalachian foothills
Shelby County has remained Alabama's fastest-growing county for more than two decades, driven by consistent positive net in-migration, exceptional quality of life, and robust job creation.
Building Details
Building Size
82,778 SF
Units
89
Listed By:
Lloyd Escue · License #License(s): AL: 000132234 - 0
(205) 510-9132
Source:
Marcusmillichap
Added: Jun 1
Changed: Sep 2
Last Checked: Sep 4 at 2:06AM
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.
The View Apartments is an 89-unit multifamily community offered for sale in Alabaster, Alabama. The property is presented as fully stabilized, with recent capital infusion that supports operational performance and immediate cash-flow potential. Recent work includes significant interior and exterior upgrades intended to modernize the community with updated finishes.
The community is located in Shelby County’s Alabaster submarket. The listing positions the asset within one of Shelby County’s more desirable suburban locations.
For investors and operators, the combination of stabilized operations and substantial renovation work can help reduce near-term execution risk while maintaining a focus on day-one income. With upgraded interiors and exteriors already in place, The View Apartments is positioned as an acquisition opportunity for buyers looking to step into an established, cash-flowing multifamily investment.
The community is located in Shelby County’s Alabaster submarket. The listing positions the asset within one of Shelby County’s more desirable suburban locations.
For investors and operators, the combination of stabilized operations and substantial renovation work can help reduce near-term execution risk while maintaining a focus on day-one income. With upgraded interiors and exteriors already in place, The View Apartments is positioned as an acquisition opportunity for buyers looking to step into an established, cash-flowing multifamily investment.
Key Highlights
- 89‑unit multifamily community in Birmingham, Alabama
- Located in Shelby County’s Alabaster submarket
- Recent interior and exterior upgrades with updated finishes throughout the community
Property Analytics
Property Profile
Current Use
Lease Details
89
Residential units
Location Intelligence
Trade Area within ½ mile
852
Businesses Nearby
Explore this area
Business Placement
Demographics for 35007, AL
28,274
Population
10,634
Households
2.7
Avg Household Size
38
Median Age
38%
College-Educated
92%
High-School Grad
39.0 sq mi
ZIP Area
725
Density / Sq Mi
$86,994
Median Household Income
$47,572
Median Earnings
$1,348
Median Rent
$231,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey, fully stabilized multifamily with recent interior and exterior upgrades designed for immediate investor cash flow.
Where is this apartment building located?
The property is located at 403 3rd St NE Alabaster, AL.
What are key features of this property?
This property features: 89‑unit multifamily community in Birmingham, Alabama; Located in Shelby County’s Alabaster submarket; Recent interior and exterior upgrades with updated finishes throughout the community
