$449,900
$50K PRICE DROP

524 Vanderbilt St Birmingham, AL 35206

South Eastlake Neighborhood

Estimated payment $2,814/month

Total Views 628
2 Beds
1 Bath
780 Sq Ft
$577 Price per Sq Ft

About This Home

Great value-add multifamily opportunity in the growing East Lake area. This 12-unit apartment building features all 2BR/1BA units, with 9 units vacant and 3 currently occupied. Several major exterior improvements have already been completed, including a new roof, new rear steps and deck, fresh exterior paint, and repaired soffit and fascia. Seller states all A/C units are in working condition. Work has already begun, and a full scope of work and bid for the remaining interior renovations can be provided. A certified appraisal reflecting an ARV of $860,000 has been completed. Proforma rent is $875–$925 per unit. Remaining renovation needs include: light plumbing and electrical updates where needed, interior paint, new flooring, cabinets and countertops, and updated tubs, toilets, and vanities in each unit. Ideal opportunity for an investor looking to complete the renovation and reposition this property in a rapidly improving area.

Listing Agent

Adam Snow

eXp Realty, LLC Central Listed on: 12/04/2025

eXp Realty, LLC Central

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1963

Home Design

  • 780 Sq Ft Home
  • Slab Foundation

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Robinson Elementary School
  • Ossie Ware Mitchell Middle School
  • Woodlawn High School

Utilities

  • Electric Water Heater

Community Details

  • 12 Units

Listing and Financial Details

  • The owner pays for no utilities (owner)

Property Details

Home Type

Condominium

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Living Area: 780
  • Property Type: Residential Income
  • Flood Plain: N
  • Year Built: 1963
  • Property Sub Type: Apartment
  • Co List Office Mls Id: EXPC
  • Directions: Starting from I-20 in downtown Birmingham, head east on I-20 toward Atlanta for about five to six miles. Take Exit 132B for US-11/1st Avenue North, then turn right onto 1st Avenue North at the end of the ramp. Continue for roughly a mile before turning right onto 83rd Street
  • Year Built Details: Existing
  • SystemPrice: 449900
  • Special Features: VirtualTour

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Water Heater: Electric (WTRHTR)
  • Foundation Details: Slab

Utilities

  • Heating: Electric
  • Cooling: Central Control Air
  • Water: Public Water
  • Sewer: Connected

Schools

  • High School: WOODLAWN
  • Elementary School: ROBINSON
  • Middle Or Junior School: OSSIE WARE MITCHELL

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax District: BIRMINGHAM

Multi Family

  • Expenses: 0
  • Number Of Units Total: 12

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2025 12/16/25 Price Changed $449,900 -10.0% $577 / Sq Ft
12/04/2025 12/04/25 For Sale $499,900 -- $641 / Sq Ft
Source: Greater Alabama MLS

Source: Greater Alabama MLS

MLS Number: 21438197

Greater Alabama MLS

APN: 23-14-2-020-022.000-RR-00

Alabama Jefferson County Birmingham 35206 South Eastlake

524 Vanderbilt St, Birmingham, AL

For Sale

Condos

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Adam Snow
Listing Agent
Adam Snow
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eXp Realty, LLC Central
(205) 827-5927