28-Unit Apartment
New
For Sale
$1,980,000
514 E Elm Street, Troy, AL 36081
Residential Income, TROY, AL
Property Size15,688 SF
Lot Size1.00 Acre
Price / SF$126.21
Days on Market1
Property Features for 514 E Elm Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
28
Bathrooms
28
Full bathrooms
28
Rooms
Bedroom 8, Bedroom 23, Bathroom 7, Bathroom 15, Bedroom 13, Bathroom 12, Bathroom 18, Bathroom 26, Bathroom 27, Bedroom 7, Bathroom 24, Bedroom 21, Bedroom 28, Bathroom 17, Bathroom 14, Bedroom 22, Bedroom 20, Bedroom 16, Bathroom 1, Bathroom 23, Bedroom 1, Bathroom 19, Bedroom 3, Bathroom 28, Bedroom 27, Bedroom 17, Bedroom 11, Bedroom 19, Bathroom 6, Bedroom 24, Bathroom 22, Bedroom 12, Bedroom 4, Bathroom 9, Bathroom 20, Bedroom 25, Bathroom 13, Bathroom 10, Bathroom 21, Bedroom 10, Bedroom 6, Bedroom 5, Bathroom 11, Bathroom 2, Bathroom 25, Bedroom 18, Bedroom 26, Bedroom 2, Bedroom 14, Bathroom 3, Bathroom 5, Bathroom 8, Bedroom 15, Bathroom 16, Bedroom 9, Bathroom 4
Elementary school
Troy
Middle school
Charles Henderson
High school
Charles Henderson
Directions
From US Hwy 231 turn on to South Brundidge Street. Turn right on East Elm Street. Apartments are the first building past the Troy Public Library on the left.
Subdivision
Troy
Standard status
Active
Size
15,688 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
Investment opportunity in Troy, Alabama featuring a well-maintained 28-unit apartment community consisting entirely of approximately 600-SF one-bedroom units. Built in 2013, the property offers attractive newer construction, brick exterior construction, covered entryways, exterior stairways and balconies, dedicated parking, and strong current occupancy of approximately 96%.
Tax Annual Amount
9910
Legal Description
Investment opportunity in Troy, Alabama featuring a well-maintained 28-unit apartment community consisting entirely of approximately 600-SF one-bedroom units. Built in 2013, the property offers attractive newer construction, brick exterior construction, covered entryways, exterior stairways and balconies, dedicated parking, and strong current occupancy of approximately 96%.
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
covered entryways
exterior stairways and balconies
dedicated parking
Building Details
Year built
2013
Floors in Building
2
Number of units
28
Flooring type
Carpet, Tile - Ceramic
Roof type
Asphalt
Listing Agency:
LANDMARK REALTY
(334) 566-9000
Listed By:
ADAM DRINKWATER
(334) 372-1554
Added: Sep 3
Last Checked: Sep 3 at 7:06PM
MLS# 30901
Copyright © 2026 Pike County Board of Realtors. 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.
Located at 514 E Elm Street in Troy, Alabama, this apartment community contains 28 residences, all configured as one-bedroom units of approximately 600 square feet. The property was built in 2013 and includes brick exterior construction, covered entryways, exterior stairs, balconies, and dedicated parking across a 1-acre site.
Current occupancy is approximately 96%. Individual residences feature ceramic tile and carpet flooring, while heat pump systems provide both heating and cooling. The property is served by public water and public sewer and has an asphalt roof.
Current occupancy is approximately 96%. Individual residences feature ceramic tile and carpet flooring, while heat pump systems provide both heating and cooling. The property is served by public water and public sewer and has an asphalt roof.
Key Highlights
- 28 apartment units, all configured as one‑bedroom residences
- Approximately 600 SF per unit
- Approximately 96% current occupancy
Property Analytics
Property Profile
Current Use
Lease Details
28
Residential units
96%
Occupancy
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
Explore this area
Business Placement
Demographics for 36081, AL
15,513
Population
7,398
Households
2.1
Avg Household Size
30
Median Age
32%
College-Educated
91%
High-School Grad
209.5 sq mi
ZIP Area
74
Density / Sq Mi
$42,005
Median Household Income
$26,190
Median Earnings
$833
Median Rent
$182,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained Troy community with one-bedroom residences, dedicated parking, covered entrances, and newer brick construction.
Where is this apartment building located?
The property is located at 514 E Elm Street Troy, AL.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: 28 apartment units, all configured as one‑bedroom residences; Approximately 600 SF per unit; Approximately 96% current occupancy
