$619,900
$5K PRICE DROP

7735 Rugby Ave Birmingham, AL 35206

South Eastlake Neighborhood

Estimated payment $3,878/month

Total Views 5,543
2 Beds
1 Bath
650 Sq Ft
$954 Price per Sq Ft

About This Home

Solid multifamily investment in the growing Eastlake/Woodlawn area of Birmingham. This 10-plex offers spacious 2 bedroom, 1 bath units averaging 650 sq. ft. each. Several units have been fully renovated, providing immediate value and appeal to tenants. Currently, 8 of the 10 units are leased with rents ranging from $600–$625/month, ensuring steady cash flow from day one. With upside potential in rental growth and continued renovations, this property is well-positioned for long-term returns.

Listing Agent

Brandy Herschbach

RealtySouth-Homewood Listed on: 08/20/2025

RealtySouth-Homewood

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1963

Home Design

  • 650 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

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

Utilities

  • Electric Water Heater

Community Details

  • 10 Units
  • Operating Expense $1,000

Listing and Financial Details

  • The owner pays for trash collection (owner)

Property Details

Home Type

Condominium

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Living Area: 650
  • Property Type: Residential Income
  • Flood Plain: N
  • Year Built: 1963
  • Property Sub Type: Apartment
  • Co List Office Mls Id: RTSO83
  • Directions: GO 1ST AVE NO. TURN ON 83 ST-BECOMES RUGBY. OR OPORTOMADRID ON 77 PL- BEAR LEFT ONTO RUGBY.
  • Year Built Details: Existing
  • SystemPrice: 619900
  • Special Features: VirtualTour

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Water Heater: Electric (WTRHTR)

Utilities

  • Cooling: Central Control Air, Window Unit(s)
  • Water: Public Water
  • Sewer: Connected

Schools

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

Rental Info

  • Tenant Pays: Cable TV, Electricity, Water/Sewer (TENANT)

Tax Info

  • Tax District: BIRMINGHAM

Multi Family

  • Expenses: 1000
  • Number Of Units Total: 10

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 Prior Sale
10/15/2025 10/15/25 Price Changed $619,900 -0.8% $954 / Sq Ft
08/20/2025 08/20/25 For Sale $624,900 +78.5% $961 / Sq Ft
02/15/2024 02/15/24 Sold $350,000 -11.4% $54 / Sq Ft View Prior Sale
01/31/2024 01/31/24 Pending -- -- --
01/30/2024 01/30/24 For Sale $395,000 0.0% $61 / Sq Ft
01/02/2024 01/02/24 Pending -- -- --
12/26/2023 12/26/23 Price Changed $395,000 -16.0% $61 / Sq Ft
11/19/2023 11/19/23 For Sale $470,000 0.0% $72 / Sq Ft
10/18/2023 10/18/23 Pending -- -- --
10/17/2023 10/17/23 Price Changed $470,000 -1.1% $72 / Sq Ft
09/30/2023 09/30/23 For Sale $475,000 0.0% $73 / Sq Ft
08/18/2023 08/18/23 Pending -- -- --
08/08/2023 08/08/23 For Sale $475,000 -- $73 / Sq Ft
Source: Greater Alabama MLS

Source: Greater Alabama MLS

MLS Number: 21428771

Greater Alabama MLS

APN: 23-14-2-023-002.001-RR-00

Alabama Jefferson County Birmingham 35206 South Eastlake

7735 Rugby Ave, Birmingham, AL

For Sale

Condos

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Nearby Homes
Brandy Herschbach
Listing Agent
Brandy Herschbach
Section Image
RealtySouth-Homewood
(205) 334-3343