# 7720 MADRID AVENUE, Birmingham, AL 35206

> **TL;DR:** multi-family, $1,350,000, built 1964.
> Hardwood, A/C. Est. $7,220/mo. Listed 23 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,350,000 |
| Year Built | 1964 |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 23 |

## Why This Home Stands Out

- **Hardwood Floors** - Throughout the home

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $6,826 |
| Estimated Insurance | $394 |
| **Total** | **$7,220** |

## Nearby Schools

- **Elementary:** BARRETT
- **Middle:** OSSIE WARE MITCHELL
- **High:** WOODLAWN

## Key Amenities

- Hardwood
- A/C

## Property Highlights

- Built in 1964

## Description

### Agent Description
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.

## Location

- **Address:** 7720 MADRID AVENUE, Birmingham, AL 35206
- **County:** Jefferson
- **Neighborhood:** EAST LAKE
- **Coordinates:** 33.557449, -86.721133
- **Google Maps:** https://www.google.com/maps?q=33.557449,-86.721133

## Listing Agent

- **Name:** Davey Lanshaw
- **Brokerage:** Bear Flag Property Management
- **Phone:** 2057730354

## Primary Photo

![7720 MADRID AVENUE - Primary Photo](http://lh.rdcpix.com/c446af94a62462a2c759facb952f4033l-f2225715024r.jpg)

*8 total photos available on [listing page](https://www.propertysimple.ai/listing/7720-madrid-avenue-birmingham-al-35206-21459954)*

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**MLS#:** 21459954 | **Updated:** 2026-08-02
**Source:** listhub

*Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/7720-madrid-avenue-birmingham-al-35206-21459954)

---

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