28-Unit Apartment
For Sale
$1,980,000
Pending
514 E Elm Street, Troy, AL 36081
Residential Income, TROY, AL
Property Size15,688 SF
Lot Size1.00 Acre
Days on Market58
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
Bathroom 22, Bedroom 25, Bathroom 4, Bathroom 18, Bedroom 17, Bathroom 1, Bedroom 16, Bathroom 2, Bedroom 21, Bedroom 6, Bathroom 10, Bathroom 7, Bathroom 8, Bedroom 14, Bedroom 22, Bathroom 11, Bathroom 20, Bedroom 28, Bathroom 27, Bedroom 5, Bathroom 16, Bathroom 23, Bedroom 2, Bedroom 20, Bathroom 5, Bathroom 9, Bedroom 12, Bedroom 3, Bedroom 23, Bedroom 10, Bedroom 15, Bathroom 6, Bathroom 21, Bathroom 24, Bathroom 17, Bedroom 1, Bathroom 19, Bedroom 4, Bedroom 18, Bathroom 15, Bedroom 26, Bedroom 19, Bedroom 24, Bedroom 8, Bedroom 27, Bathroom 28, Bathroom 3, Bathroom 14, Bathroom 25, Bathroom 12, Bedroom 13, Bathroom 13, Bedroom 9, Bedroom 7, Bedroom 11, Bathroom 26
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
Pending
Size
15,688 SF
Lot size
1.00 Acre
Additional Details
Tenant in Place
Yes
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
Tile - Ceramic, Carpet
Roof type
Asphalt
Listing Agency:
LANDMARK REALTY
(334) 566-9000
Listed By:
ADAM DRINKWATER
(334) 372-1554
Added: Sep 3
Changed: Oct 26
Last Checked: Oct 30 at 2:06AM
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.
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Investment Insights
Based on property information with market context.
This 28-unit apartment community was constructed in 2013 and contains 15,688 square feet on a 1-acre site. Each residence is an approximately 600-SF one-bedroom unit. Brick exteriors, covered entrances, exterior stairways, balconies, and dedicated parking serve the property. Interior finishes include ceramic tile and carpet, with heat pump heating and cooling. The building has an asphalt roof, public water, and public sewer.
Current occupancy is approximately 96%.
Current occupancy is approximately 96%.
Key Highlights
- 28 one‑bedroom apartments, each approximately 600‑SF
- 15,688 square feet on a 1‑acre site
- Built in 2013 with brick exterior construction
Property Analytics
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Lease Details
28
Residential units
96%
Occupancy
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 2013, the community comprises one-bedroom apartments with dedicated parking and exterior balconies.
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 one‑bedroom apartments, each approximately 600‑SF; 15,688 square feet on a 1‑acre site; Built in 2013 with brick exterior construction
