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10-Unit Apartment Building
For Sale
$599,900

7735 RUGBY AVENUE, Birmingham, AL 35206

MULTIFAMILY, BIRMINGHAM, AL

Property SizeContact for details
Days on Market403

Property Features for 7735 RUGBY AVENUE

General Information

Property type Residential Multi Family
Property subtype Apartment
Parking features On Street
Subdivision RUGBY GARDENS
Elementary school BARRETT
Middle school OSSIE WARE MITCHELL
High school WOODLAWN
Directions GO 1ST AVE NO. TURN ON 83 ST-BECOMES RUGBY. OR OPORTOMADRID ON 77 PL- BEAR LEFT ONTO RUGBY.
Standard status Active
APN 23-00-14-2-023-002.001

Taxes and HOA fees

Tax Description LOTS 19-A & 20-A BLK 2 RUGBY GARDENS 1ST ADD
Legal Description LOTS 19-A & 20-A BLK 2 RUGBY GARDENS 1ST ADD

Utilities

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

Building Details

Year built 1963
Number of units 10
Flooring type Laminate, Carpet - Full
Building materials Brick
Listing Agency: RealtySouth-Homewood
Listed By: Brandy Herschbach
Added: Aug 20, 2025 Changed: Sep 12 Last Checked: Sep 26 at 7:06AM
MLS# 21428771

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.

Built in 1963, this brick apartment property contains 10 units, each configured with 2 bedrooms and 1 bath and averaging 650 square feet. Several apartments have undergone full renovations. Interior finishes include full carpet and laminate flooring, while heating is provided by a central system and cooling is supplied through central air and window units. On-street parking and public water service support the property’s basic infrastructure.

The property is located at 7735 Rugby Avenue in Birmingham’s Eastlake/Woodlawn area. Eight of the 10 units are currently leased. The existing unit count, two-bedroom layouts, and completed renovations provide a clear physical profile for continued multifamily operation.

Key Highlights

  • 10 units with 2 bedrooms and 1 bath per unit
  • Units average 650 sq. ft. each
  • 8 of 10 units are currently leased

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Skin Care Clinic 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

10
Residential units
80%
Occupancy

Location Intelligence

Trade Area within ½ mile

319
Businesses Nearby

Demographics for 35206, AL

15,648
Population
7,967
Households
2
Avg Household Size
40
Median Age
19%
College-Educated
87%
High-School Grad
10.1 sq mi
ZIP Area
1,549
Density / Sq Mi
$39,051
Median Household Income
$28,665
Median Earnings
$990
Median Rent
$122,500
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick multifamily property with renovated units, central heating, and public water service.
Where is this apartment building located?
The property is located at 7735 RUGBY AVENUE Birmingham, AL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 10 units with 2 bedrooms and 1 bath per unit; Units average 650 sq. ft. each; 8 of 10 units are currently leased
More about this property
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