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Apartment Building with Established Tenants
For Sale
$395,000

500 16TH STREET ENSLEY, Birmingham, AL 35218

MULTIFAMILY, BIRMINGHAM, AL

Property SizeContact for details
Days on Market17
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Property Features for 500 16TH STREET ENSLEY

General Information

Property type Residential Multi Family
Property subtype Apartment
Subdivision ENSLEY
Elementary school WYLAM
Middle school BUSH HILLS ACADEMY
High school JACKSON-OLIN
Directions I-59 to Ensley Ave exit to 20th St Right onto Ave E Right on 16th
Standard status Active
APN 22-00-31-2-012-005.000

Taxes and HOA fees

Tax Description LOTS 9+10+11+12 BLK 15-E ENSLEY
Legal Description LOTS 9+10+11+12 BLK 15-E ENSLEY

Utilities

Heating system Central
Cooling system Window Unit(s)
Water source Public

Building Details

Year built 1950
Number of units 6
Flooring type Vinyl
Building materials Concrete/Block
Listing Agency: ReGroup Sales and Development
Listed By: Cerita Tucker Smith · License #49814
Added: Sep 29 Changed: Oct 12 Last Checked: Oct 15 at 4:06PM
MLS# 21466917

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 apartment building dates to 1950 and has concrete-block construction. Interior features include vinyl flooring, central heating, and window-unit cooling. Public water serves the property.

All units are occupied by long-term tenants. Any offer is subject to approval by the Jefferson County Probate Court.

Key Highlights

  • Fully occupied with long‑term tenants
  • Concrete‑block construction
  • Built in 1950

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Electrical Service HVAC Service Building Supply Furniture & Home Goods

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

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

496
Businesses Nearby

Demographics for 35218, AL

6,521
Population
3,274
Households
2
Avg Household Size
42
Median Age
9%
College-Educated
82%
High-School Grad
2.6 sq mi
ZIP Area
2,508
Density / Sq Mi
$30,966
Median Household Income
$22,331
Median Earnings
$897
Median Rent
$79,500
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

Frequently Asked Questions

What type of property is this?
Apartment building - The property is fully occupied, with long-term renters currently in place.
Where is this apartment building located?
The property is located at 500 16TH STREET ENSLEY Birmingham, AL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Fully occupied with long‑term tenants; Concrete‑block construction; Built in 1950
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