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$699,900
21462575 MLS
VALUE-ADD MULTIFAMILY INVESTMENT OPPORTUNITY! This offering includes two 6-unit buildings totaling 12 units in Birmingham's Ensley community, conveniently located near the Birmingham CrossPlex, Downtown Birmingham, UAB, shopping, dining, and major transportation corridors. The property features 12 - 2-bedroom, 1.5-bath units, each with central HVAC, washer/dryer connections, and separately metered utilities. Currently 80% occupied, the property provides immediate income with vacant units available to turn and reposition. Current rents are below market, creating significant upside through renovations, improved management, and rent optimization. Priced below appraised value, this is an excellent opportunity for an investor seeking a multifamily asset with existing cash flow and strong value-add potential.

2805 Ave E, Birmingham

Listing courtesy of Barnes & Associates.

$210,000
3 Beds 2 Baths 21461199 MLS
Welcome home to this beautifully renovated 3 Br, 2 BA property where modern style meets everyday comfort. Every detail has been thoughtfully updated. This home is move-in-ready. The great room offers an inviting open-concept layout. The completely updated kitchen features all new appliances, cabinetry and stylish finishes. In addition, this property also offers a new roof, new electrical, new plumbing and new flooring throughout. Both bathrooms offer premium faucets with temperature control for added comfort and safety. Whether you're a first-time homebuyer, downsizing or looking for a turnkey property, this beautifully renovated home offered exceptional quality craftsmanship and is ready for you. This property is a must see!

1734 Five Acre Rd, Birmingham

Listing courtesy of Keller Williams Realty Vestavia.

$115,000
3 Beds 2 Baths 21457825 MLS
Charming single-story home featuring 3 bedrooms and 2 bathrooms, offering a spacious layout with excellent potential for personalization. The property welcomes you with a covered front porch accented by classic columns, a generous front yard, and a long driveway providing ample parking. A detached storage shed adds convenience for tools and extra storage. The backyard offers open space ideal for outdoor enjoyment or future enhancements. Inside, the home presents a functional floor plan ready for your creative vision to bring out its full potential. Located in an established neighborhood with convenient access to local amenities, this property is a great opportunity for buyers seeking value and the ability to make it their own. Ideal for both homeowners and investors looking to build equity in a Birmingham location.

4508 15th Ave, Birmingham

Listing courtesy of New Image Realty.

$78,000
3 Beds 1 Baths 21450544 MLS
3BR/1BA rental with an active Section 8 HAP contract in place. Current gross rent $825/mo ($750 HAP + $75 resident contribution) with lease expiring August 2026. The tenant intends to renew for the August 18, 2026 - August 17, 2027 term, and is currently pending their signature. For this renewal, we will need to send the lease out at the current rate of $825.00 and then resubmit the Section 8/HAP rent increase request for $858.00 in August. Once approved, the new amount will be processed via a lease addendum, with the updated rent taking effect on November 1st. Property features original hardwood floors throughout the living areas, an updated bathroom with tile flooring and a modern vanity, and a functional electric HVAC system. Laundry hookups in the kitchen. Occupied and cash flowing day one. Ideal for the buy-and-hold investor seeking immediate Section 8 income with upside at lease renewal or market-rate conversion. Priced for the investor, not the retail buyer.

4727 6th Ave, Birmingham

Listing courtesy of EXP Realty LLC.