Birmingham, AL Residential Income Properties for Sale

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69 properties

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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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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: Jul 1

Two-Building Garden Apartment Community

7720 MADRID AVENUE, Birmingham, AL 35206

$1,350,000

20 light‑filled garden apartment units at 7720/7730 Madrid Ave
Market rents currently $800/door; tenants have separate meters for electricity and water (owner pays trash and landscaping)
Virtually all new HVAC and majority of new water heaters
Newly refinished parking lot, exterior lighting, and new railings for both buildings to code
Building construction includes brick and frame; hardwood flooring

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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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Updated Quadplex Income Property

524 55TH STREET, Birmingham, AL 35212

$399,000

Four-unit quadplex with newly updated roof, windows, siding, and interior finishes, currently 3/4 occupied.

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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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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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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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Tenant-Occupied Duplex Income Property

1842 32ND STREET, Birmingham, AL 35208

$154,900

Two 2-bedroom, 1-bath units with fenced yard space are set on a corner lot and currently tenant occupied.

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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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Renovated Apartment Income Property

500 Tuscaloosa Ave, Birmingham, AL 35211

$1,900,000

18,000 sqft

Twenty-unit apartment complex with all 2/1 units and 17 renovated units featuring new HVAC and tankless water heaters.

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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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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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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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Fully Renovated Triplex with 3 Tenants

1742 17th N Street, Birmingham, AL 35204

$349,900

2,430 sqft

Fully renovated triplex with three tenant-occupied units, offering immediate rental income and a mix of unit types.

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Brick Five-Plex Rental Property

1616 18TH PLACE, Birmingham, AL 35234

$280,000

Brick 5-plex with five 2BR/1BA units, with onsite parking and outdoor space, needing AC and interior repairs.

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Four-Unit Multifamily Property

900 Ridge Place 4, Birmingham, AL 35214

$198,000

3,807 sqft

Well-laid-out quadplex suited for long-term rentals, with scope for unit upgrades and repositioning.

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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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Birmingham Multifamily Investment Opportunity

1785 Pearson Avenue Southwest, Birmingham, AL 35211

$675,000

8,640 sqft

Multifamily property for sale in Birmingham, Alabama.

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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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Birmingham Multifamily Investment Opportunity

7700 1st Avenue South, Birmingham, AL 35206

$1,080,000

14,076 sqft

Multifamily property for sale in Birmingham, Alabama.

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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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Birmingham, AL Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Birmingham, AL, showcased through 69 active listings on our real estate platform. These investment opportunities span a total of 257,410 square feet of properties for sale, with an estimated market value of $31,777,250.

Sale prices for residential income properties in Birmingham, AL start at $40,000, averaging $538,597, 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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