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Back 524 Vanderbilt Street
Off Market

524 Vanderbilt Street

Birmingham AL 35206

Apartment
Last sold for $364,000
Adam SnowAdam Snow, last sold this property on 09 January 2026 after 35 days on market.

Overview

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.

Features

Apartment

Estimated Value

Based on this property and similar apartments sold in Birmingham over the last 12 months, the estimated median property value of 524 Vanderbilt Street is $478.65k.

Median value
$478.65k
Estimated value range
$364k - $1m
Median days on market
57
Estimated value trend
0%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Birmingham. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 524 Vanderbilt Street

2026
Sold
$364,000
09 Jan 2026 by Adam Snow
2022
Sold
Undisclosed
20 Oct 2022

Happy sellers in Birmingham

92%
92% of sellers in Birmingham reported that their sale price either exceeded or met their price expectations.

Birmingham stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Birmingham over the last 12 months.

Local market activity for apartments in Birmingham

In the last 12 months, 4 apartments similar to 524 Vanderbilt Street, have been sold.

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Nicole Anderson

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Hollie Higgins

Sellers who recommend Hollie Higgins have praised them for being local expert, clear communication, responsive, and well-prepared

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