524 Vanderbilt Street

Birmingham, AL 35206

$364,000
Last Sold Price
2
Beds
780 Sq. Ft.
$467 / Sq. Ft.
780
Sq. Ft.
$467
per Sq. Ft.
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Sold 1/9/26
Sold 1/9/26

Description

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....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.
  1. Listed by Adam Snow • Brokerage DRE #134855 • eXp Realty, LLC Central
    P: (888)-923-5547 C: (256)-591-9009 adam@soldbysnow.com

Property Details for 524 Vanderbilt Street

Subdivision Name
EAST LAKE
LISTING CLOSED: 01/09/2026 12:00 AM

Property Details for 524 Vanderbilt Street

StatusSold
MLS #21438197
Days on Market21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1963
Lot Size-
CountyJefferson County
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Location

Listing Courtesy of eXp Realty, LLC Central

Sold By EXIT Realty Birmingham

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Building Information for 524 Vanderbilt Street

Stories-Residences12Year Built1963Building Size-Lot Size-

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$1,814 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,814

Property Taxes

$0

HOA Dues

$0

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Property Information for 524 Vanderbilt Street

Summary
Location and General Information
  • 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
  • Latitude: 33.558542
  • Longitude: -86.719914
  • MLS Area Major: East Lake, Woodlawn
School Information
  • Elementary School: ROBINSON
  • High School: WOODLAWN
  • Middle Or Junior School: OSSIE WARE MITCHELL
Parking
  • Parking Features: Other
Virtual Tour
Property
Property and Assessments
  • Living Area: 780.0
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Year Built: 1963
Building Features
  • Construction Materials: Brick
Utilities
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Electric Water Heater
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Cooling: Central Air
  • Has Cooling: Yes
  • Flooring: Laminate, Tile, Vinyl
  • Heating: Electric
  • Has Heating: Yes
  • Main Level Bedrooms: 2
Multi Family
Multi Family Information
  • Number Of Units Total: 12

Property History for 524 Vanderbilt Street

DateEvent & SourcePriceAppreciation
Jan 9, 2026

Sold

Greater Alabama MLS #21438197

$364,000—
Jan 5, 2026

Contract Signed

Greater Alabama MLS #21438197

—
Dec 4, 2025

Listed (Active)

Greater Alabama MLS #21438197

$499,900—
DateEvent & SourcePrice
01/09/2026

Sold

Greater Alabama MLS #21438197

$364,000
01/05/2026

Contract Signed

Greater Alabama MLS #21438197

—
12/04/2025

Listed (Active)

Greater Alabama MLS #21438197

$499,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 524 Vanderbilt Street

This home is within Birmingham City School District.
Rating
School
Type
Grades
Distance
Barrett Elementary School
Public - PK to 5
Ossie Ware Mitchell Elementary School
Public - 6 to 8
Woodlawn High School-Magnet
Public - 9 to 12
Kennedy Alternative School
Public - 9 to 12
Rating
School
Distance
Barrett Elementary School
PublicPK to 5

Ossie Ware Mitchell Elementary School
Public6 to 8

Woodlawn High School-Magnet
Public9 to 12

Kennedy Alternative School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC Central

The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Birmingham Alabama Association of REALTORS®. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Birmingham Alabama Association of REALTORS® does not create, control or review the property data displayed herein and take no responsibility for the content of such records.