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Apartment Building with Renovated Units
For Sale
$1,900,000

500 TUSCALOOSA AVENUE, Birmingham, AL 35211

MULTI_FAMILY - BIRMINGHAM, AL

Property SizeContact for details
Days on Market124

Property Features for 500 TUSCALOOSA AVENUE

General Information

Property type Residential Multi Family
Property subtype Apartment
Subdivision ARLINGTON
Elementary school WASHINGTON
Middle school ARRINGTON
High school PARKER
Directions Highway 59 South, Exit 123 Arkadelphia Rd, Turn Left, Continue onto Princeton Parkway, Turn L onto Lomb Ave, Turn Left onto Tuscaloosa Ave. Complex on the Left.
Standard status Active
APN 29-00-03-2-031-016.000

Taxes and HOA fees

Tax Description BEING LOT 1-A BLK 1 RESURVEY LOTS 1 2 3 & PT 4 BLK 1 KENILWORTH
Legal Description BEING LOT 1-A BLK 1 RESURVEY LOTS 1 2 3 & PT 4 BLK 1 KENILWORTH

Utilities

Heating system Central
Cooling system Central Air
Water source Public

Amenities

washer & dryer connections

Building Details

Year built 1978
Number of units 20
Flooring type Laminate, Carpet - Full
Building materials Brick and Frame
Listing Agency: First Class Realty Services, L
Listed By: Shayla Dotson · License #105931
Added: Apr 8 Changed: Aug 5 Last Checked: Aug 9 at 10:06AM
MLS# 21449152

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 20-unit apartment property in Birmingham was built in 1978 and offers a consistent two-bedroom, one-bath layout throughout. Seventeen units have been renovated between 2022 and the present, with improvements including new flooring, cabinetry, appliances, HVAC systems, and tankless water heaters. The property also includes washer and dryer connections, central heating, central air, and a combination brick-and-frame exterior.

The complex includes 19 income-producing units, while one unit is vacant and positioned for leasing or completion of renovation work. Two additional units are identified for full renovation. Public water serves the property, and professional management is currently in place. The address is 500 Tuscaloosa Avenue in Birmingham, Jefferson County, Alabama.

Key Highlights

  • 20‑unit apartment complex with consistent 2‑bedroom, 1‑bath layouts
  • 17 units renovated between 2022‑present
  • Renovations include flooring, cabinetry, appliances, HVAC, and tankless water heaters

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center HVAC Service (Bike/Boat/Book/etc) Store Dental Office

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

20
Residential units

Location Intelligence

Trade Area within ½ mile

984
Businesses Nearby

Demographics for 35211, AL

24,775
Population
14,302
Households
1.7
Avg Household Size
40
Median Age
23%
College-Educated
87%
High-School Grad
16.6 sq mi
ZIP Area
1,492
Density / Sq Mi
$34,286
Median Household Income
$29,742
Median Earnings
$1,044
Median Rent
$94,500
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 - Income-producing apartment property with updated unit interiors, central systems, and washer and dryer connections.
Where is this apartment building located?
The property is located at 500 TUSCALOOSA AVENUE Birmingham, AL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 20‑unit apartment complex with consistent 2‑bedroom, 1‑bath layouts; 17 units renovated between 2022‑present; Renovations include flooring, cabinetry, appliances, HVAC, and tankless water heaters
More about this property
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