Birmingham, AL Multifamily Properties for Sale

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Updated: Jul 1

Eight-Unit Apartment Building

7721 1st Avenue North, Birmingham, AL 35206

$695,000

7,567 sqft

Eight‑unit multifamily built in 1988, all units configured as 3BR/1BA
Majority of units renovated in 2024‑25
Current occupancy: five of eight units occupied
Three vacant units available for immediate lease‑up
Offered as‑is at $695,000 ($86,875 per unit)

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Here's a quick look at some key insights for

7721 1st Avenue North, Birmingham, AL 35206

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Est. Cap Rate

7.9%
Above avg (5.9%)
Est. NOI

$55K
Annual
Price @ 7% Cap

$780K
Above asking
Property Type

Apartments (Generic)
Built 1988

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Updated: May 14

Tenant-Occupied Duplex Income Property

1842 32ND STREET, Birmingham, AL 35208

$154,900

Income‑producing 2‑unit duplex with each unit featuring 2 bedrooms and 1 bathroom
Each unit includes a living room and an eating area, plus fenced backyard space
Tenant‑occupied units provide immediate rental income
Corner lot duplex built in 1955
Central heating and central air, with laminate and hardwood flooring

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Multifamily Value-Add with 2BR Units

2408 19TH AVENUE, Birmingham, AL 35234

$810,000

Twelve 2BR/1BA units with washer/dryer connections and updated interiors, with 10 leased during current lease-up.

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Maintained Quadplex with 3-Bed Units

8021 1ST AVENUE, Birmingham, AL 35206

$340,000

Well-kept quadplex with updated exterior and ample resident parking, offering uniform 3-bedroom, 1-bath layouts.

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Renovated Fourplex Investment Property

8001 1ST AVENUE, Birmingham, AL 35206

$325,000

Renovated fourplex with a new HVAC system and refreshed units, positioned for residential rental use.

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Multifamily Property with Duplex Add-Ons

7720 2ND AVENUE N, Birmingham, AL 35206

$525,000

As-is sale featuring 16 apartment units plus two duplexes for an owner-operator or investor portfolio.

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Four-Unit Apartment Building

915 S 40TH STREET, Birmingham, AL 35222

$550,000

Four-unit apartment building offered for sale, positioned near downtown shopping and restaurants.

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Renovated Duplex Near Downtown Birmingham

5912 2nd N Avenue, Birmingham, AL 35212

$215,000

800 sqft

Turnkey duplex investment opportunity with stable, predictable cash flow.

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Four-Unit Residential Income Building

1622 13th Street S, Birmingham, AL 35205

$340,000

A four-unit building in Birmingham with 1 bedroom and 1 bathroom units, central heat and air, and in-unit appliances.

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Two-Unit Duplex Investment

449 7TH STREET, Birmingham, AL 35204

$150,000

Duplex with two 2-bedroom, 1-bath units, one currently rented for immediate occupancy.

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Income-Producing Duplex in Birmingham

1228 Fulton SW Avenue, Birmingham, AL 35211

$125,000

900 sqft

Duplex with immediate upside potential near downtown Birmingham.

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Fully Renovated Triplex with 3 Units

1742 17TH STREET, Birmingham, AL 35204

$349,900

Three fully renovated tenant-occupied units, including a studio, den, and larger three-bedroom layout.

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Four-Unit Multifamily Residential Property

900 RIDGE PLACE, Birmingham, AL 35214

$198,000

For sale 4-unit income property offering self-contained units with functional layouts in Birmingham, Alabama.

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Historic Duplex with Two Leased Units

925 39th S Street A & B, Birmingham, AL 35222

$699,000

2,758 sqft

Corner-lot duplex with character-rich interiors, fenced back yard, and two units leased through 2027.

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Fully Occupied Apartment Building

1469 PEARSON AVENUE, Birmingham, AL 35211

$1,195,000

Well-maintained 18-unit apartment building with all units fully occupied and recently remodeled interiors.

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Income-Producing Duplex For Sale

1228 FULTON AVENUE, Birmingham, AL 35211

$125,000

Two separately metered units provide a turnkey rental setup with tenant-paid utilities in Birmingham, AL.

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Two-Unit Duplex with Private Parking

3713 6th Avenue, Birmingham, AL 35222

$575,000

2,912 sqft

Duplex offers two-bedroom, two-bath layouts with private parking behind the building.

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Turnkey Duplex with Leased Units

5912 2ND AVENUE, Birmingham, AL 35212

$215,000

Fully renovated duplex with both units currently leased and updated HVAC and all-electric systems.

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Duplex with Income Potential

3517-3519 Avenue C, Birmingham, AL 35218

$117,500

812 sqft

Occupied duplex generating $1,525/month in combined rent.

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Occupied Duplex with Alley Parking

3517-3519 AVENUE C, Birmingham, AL 35218

$117,500

Two-unit duplex with assigned parking via alley access and both units currently leased through 2026 and 2027.

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Renovated Workforce Apartment Portfolio

1561 Pike Rd, Birmingham, AL 35218

$9,052,000

97,160 sqft

Two apartment communities total 146 units, with large-scale renovations including HVAC, roofing, and windows.

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Two-Unit Residential Income Property

7428 2ND AVENUE, Birmingham, AL 35206

$40,000

Two-unit residential income property offered for sale in Birmingham, Alabama.

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Renovated Furnished Apartment Building

1028 22nd St S, Birmingham, AL 35205

$1,195,000

4,440 sqft

Fully renovated, furnished 8-unit apartment building operating as short-term rentals.

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Renovated 10-Unit Multifamily Property

7735 RUGBY AVENUE, Birmingham, AL 35206

$599,900

Two-bedroom, one-bath apartments with partial renovations and current leasing in Birmingham’s Eastlake/Woodlawn area.

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Birmingham, AL Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Birmingham, AL, showcased through 57 active listings on our real estate platform. These investment opportunities span a total of 167,446 square feet of properties for sale, with an estimated market value of $18,611,700.

Sale prices for multifamily properties in Birmingham, AL start at $99,900, averaging $664,703, and reaching up to $9,052,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 502K

Population Growth (5Y) -0.1%

Median Household Income $77,536

College Educated 21.2%

High-Yield Neighborhoods for Investment

Identify Birmingham submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
35218	$96.3K
35214	$112.7K
35217	$138.8K
35212	$166.8K
35216	$177.5K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Jefferson County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Birmingham fall within the 10,000 to 25,000 square foot range.

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