7720 Madrid Ave, Birmingham, AL, 35206
About This Home
Welcome to 7720/7730 Madrid Ave, 20 light-filled Garden Apartment units. Market rents for these units now $800/door. Tenants have separate meters for electricity and water, owner pays trash and landscaping. Virtually all new HVAC, new water heaters majority, newly refinished parking lot, exterior lighting, new railings for both buildings to code, flooring and paint. Poised for long-term cash flow and appreciation. Less than 10 miles from downtown, East Lake is a desirable part of the city where tenants can be close to work, family, shopping centers, and nature. Quiet buildings occupied by working families. Professional Management in place with established tenant relationships for ease of transition, offering 3 months free rent collection and accounting.
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1964
Materials
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: Apartment
Interior
Appliances
- Appliances included: Cooktop,Electric Water Heater
Basement
- Basement: Crawl Space
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Eat-in Kitchen,Sep Dining,Sep Living
- Flooring: Hardwood
Heating & Cooling
- Heating features: Electric
- Cooling features: Central Air
Interior Area
- Total interior livable area: 754 sqft
Property
Details
- Parcel number: 2300142020014.000
- Special condition: N/A
Parking
- Parking features: 2 Spaces per Unit
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Tornado
- Cold Wave
- Heat Wave
- Inland Flooding
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Alabama Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,826 | $81,912 |
| Home Insurance * | $2,571 | $30,852 |
| Property Taxes | $652 | $7,824 |
| Electricity | $240 | $2,881 |
| Total | $10,289 | $123,468 |
Income You'd Need if You Spent...
Alabama FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-23 | Listed for sale | $1,350,000 |
| 2026-05-15 | Listed for rent | $800 |
| 2026-05-15 | Listing removed | $800 |
| 2026-05-01 | Listed for rent | $800 |
| 2024-09-30 | Listing removed | $1,350,000 |
| 2024-05-31 | Listed for sale | $1,500,000 |
| 2023-05-18 | Sold | $965,000 |
| 2023-04-05 | Contingent | $975,000 |
| 2023-03-30 | Listed for sale | $975,000 |
| 2022-04-14 | Sold | $780,000 |
| 2022-03-01 | Contingent | $975,000 |
| 2022-02-24 | Listed for sale | $975,000 |
| 2022-01-27 | Contingent | $975,000 |
| 2022-01-18 | Listed for sale | $975,000 |
| 2020-12-08 | Sold | $775,000 |
| 2020-01-03 | Listing removed | $475 |
| 2019-12-03 | Listed for rent | $475 |
| 2018-11-09 | Listing removed | $495 |
| 2018-10-08 | Price change | $495 |
| 2018-08-06 | Listed for rent | $550 |
| 2018-05-05 | Listing removed | $550 |
| 2018-01-17 | Listed for rent | $550 |
| 2015-05-22 | Sold | $57,000 |
| 2013-11-15 | Listing removed | $425 |
| 2013-11-08 | Listed for rent | $425 |
| 2013-08-22 | Listing removed | $425 |
| 2013-07-31 | Listed for rent | $425 |
| 2013-04-14 | Listing removed | $425 |
| 2012-12-21 | Listed for rent | $425 |
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