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.
Pending
$1,350,000
7720 Madrid Ave, Birmingham, AL 35206
2beds
754sqft
Apartment
Built in 1964
-- sqft lot
$-- Zestimate®
$1,790/sqft
$-- HOA
What's special
Newly refinished parking lotLight-filled garden apartment unitsFlooring and paintExterior lighting
- 66 days
- 24
- 0
Zillow last checked:
Listing updated:
Listed by:
Davey Lanshaw 205-773-0354,
Bear Flag Property Management
Source: GALMLS,MLS#: 21459954
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Cooktop, Electric Water Heater
Features
- Eat-in Kitchen, Sep Dining, Sep Living
- Flooring: Hardwood
- Basement: Crawl Space
Interior area
- Total interior livable area: 754 sqft
Video & virtual tour
Property
Parking
- Parking features: 2 Spaces per Unit
Details
- Parcel number: 2300142020014.000
- Special conditions: N/A
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Frame
Condition
- Year built: 1964
Utilities & green energy
- Water: Public
- Utilities for property: Sewer Connected
Community & HOA
Community
- Subdivision: East Lake
Location
- Region: Birmingham
Financial & listing details
- Price per square foot: $1,790/sqft
- Tax assessed value: $983,900
- Annual tax amount: $14,267
- Price range: $1.4M - $1.4M
- Date on market: 7/23/2026
- Tenant pays: Electricity, Water/Sewer (TENANT)
Estimated market value
Not available
Estimated sales range
Not available
$803/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/19/2026 | Pending sale | $1,350,000$1,790/sqft |
Source:  GALMLS #21459954 Report a problem | ||
| 7/23/2026 | Listed for sale | $1,350,000$1,790/sqft |
Source: GALMLS #21459954 Report a problem | ||
| 5/15/2026 | Listed for rent | $800$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/15/2026 | Listing removed | $800$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/1/2026 | Listed for rent | $800+68.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/30/2024 | Listing removed | $1,350,000-10%$1,790/sqft |
Source: GALMLS #21387421 Report a problem | ||
| 5/31/2024 | Listed for sale | $1,500,000+55.4%$1,989/sqft |
Source: GALMLS #21387421 Report a problem | ||
| 5/18/2023 | Sold | $965,000-1%$1,280/sqft |
Source: GALMLS #1349612 Report a problem | ||
| 4/5/2023 | Contingent | $975,000$1,293/sqft |
Source: GALMLS #1349612 Report a problem | ||
| 3/30/2023 | Listed for sale | $975,000+25%$1,293/sqft |
Source: GALMLS #1349612 Report a problem | ||
| 4/14/2022 | Sold | $780,000-20%$1,034/sqft |
Source: GALMLS #1308595 Report a problem | ||
| 3/1/2022 | Contingent | $975,000$1,293/sqft |
Source: GALMLS #1308595 Report a problem | ||
| 2/24/2022 | Listed for sale | $975,000$1,293/sqft |
Source: GALMLS #1308595 Report a problem | ||
| 1/27/2022 | Contingent | $975,000$1,293/sqft |
Source: GALMLS #1308595 Report a problem | ||
| 1/18/2022 | Listed for sale | $975,000+25.8%$1,293/sqft |
Source: GALMLS #1308595 Report a problem | ||
| 12/8/2020 | Sold | $775,000+1259.6%$1,028/sqft |
Source: Public Record Report a problem | ||
| 1/3/2020 | Listing removed | $475$1/sqft |
Source: Go Section8 Report a problem | ||
| 12/3/2019 | Listed for rent | $475-4%$1/sqft |
Source: Go Section8 Report a problem | ||
| 11/9/2018 | Listing removed | $495$1/sqft |
Source: Go Section8 Report a problem | ||
| 10/8/2018 | Price change | $495-10%$1/sqft |
Source: Go Section8 Report a problem | ||
| 8/6/2018 | Listed for rent | $550$1/sqft |
Source: Go Section8 Report a problem | ||
| 5/5/2018 | Listing removed | $550$1/sqft |
Source: Go Section8 Report a problem | ||
| 1/17/2018 | Listed for rent | $550+29.4%$1/sqft |
Source: Go Section8 Report a problem | ||
| 5/22/2015 | Sold | $57,000$76/sqft |
Source: Public Record Report a problem | ||
| 11/15/2013 | Listing removed | $425$1/sqft |
Source: Go Section8 Report a problem | ||
| 11/8/2013 | Listed for rent | $425$1/sqft |
Source: Go Section8 Report a problem | ||
| 8/22/2013 | Listing removed | $425$1/sqft |
Source: HONORS REAL ESTATE & ASSET MANAGEMENT Report a problem | ||
| 7/31/2013 | Listed for rent | $425$1/sqft |
Source: Go Section8 Report a problem | ||
| 4/14/2013 | Listing removed | $425$1/sqft |
Source: HONORS REAL ESTATE & ASSET MANAGEMENT Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,267 | $196,780 |
| 2024 | $14,267 +56.1% | $196,780 +56.1% |
| 2023 | $9,138 +32.9% | $126,040 +32.9% |
| 2022 | $6,877 | $94,860 |
| 2021 | $6,877 -3.5% | $94,860 -3.5% |
| 2020 | $7,130 | $98,340 |
| 2019 | $7,130 +49.2% | $98,340 +49.2% |
| 2018 | $4,778 | $65,900 |
| 2017 | $4,778 -8.3% | $65,900 -8.3% |
| 2016 | $5,213 | $71,900 |
| 2015 | $5,213 +6% | $71,900 +1.6% |
| 2014 | $4,920 | $70,780 |
| 2013 | $4,920 | $70,780 0% |
| 2012 | $4,920 | $70,786 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: South East Lake
Nearby schools
Schools provided by the listing agent
- Elementary: Barrett
- Middle: Ossie Ware Mitchell
- High: Woodlawn
Source: GALMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
