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Renovated 11-Unit Apartment Building
For Sale
$2,499,000

1509 9TH STREET, Leeds, AL 35094

MULTIFAMILY, LEEDS, AL

Property SizeContact for details
Days on Market488

Property Features for 1509 9TH STREET

General Information

Property type Residential Multi Family
Property subtype Apartment
Rooms Basement
Parking features Assigned, On Street
Subdivision LEEDS
Elementary school LEEDS
Middle school LEEDS
High school LEEDS
Directions Ashville Road to 9th Street
Standard status Active
APN 25-00-21-1-022-006.000

Taxes and HOA fees

Tax Description N 25 FT OF LOTS 1 THRU 4 ALL OF LOT 5 BLK 20-A LEEDS ALS N 62.5 FT OF LOT 6 BLK 20-A LEEDS
Legal Description N 25 FT OF LOTS 1 THRU 4 ALL OF LOT 5 BLK 20-A LEEDS ALS N 62.5 FT OF LOT 6 BLK 20-A LEEDS

Utilities

Heating system Central
Cooling system Central Air
Water source Public

Building Details

Year built 1922
Number of units 11
Flooring type Tile, Hardwood
Building materials Brick
Listing Agency: Webb & Company Realty
Listed By: Laurie Burgess · License #46528
Added: May 5, 2025 Changed: Aug 19 Last Checked: Sep 4 at 2:06PM
MLS# 21417983

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.

Investment Insights

Based on property information with market context.

This brick apartment property contains 11 units arranged across seven ground-level residences and four upper-level residences. The layouts include two-bedroom apartments and one-bedroom lofts, with exposed brick, hardwood flooring, tile, and high-end interior finishes. The building has undergone a comprehensive renovation that included new wiring, plumbing, HVAC, and hot water heaters, supported by architectural and fire safety drawings.

Located in Downtown Leeds, the property is within walking distance of shopping, restaurants, and entertainment. Parking includes assigned spaces and on-street options. The 1922 building is served by public water and includes a basement, while central heating and central air provide building-wide climate systems.

Key Highlights

  • 11 apartment units with two‑bedroom layouts and one‑bedroom lofts
  • Seven ground‑level units and four upper‑level units
  • Renovated down to the studs with new wiring, plumbing, HVAC, and hot water heaters

Property Analytics

Current Use

Luna Tax Services ... Tax Preparation Chick Filet A Training ... Restaurant

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Law Firm Hair Salon Spa & Massage Center Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units

Location Intelligence

Trade Area within ½ mile

382
Businesses Nearby

Demographics for 35094, AL

14,936
Population
6,502
Households
2.3
Avg Household Size
41
Median Age
29%
College-Educated
87%
High-School Grad
58.7 sq mi
ZIP Area
254
Density / Sq Mi
$74,340
Median Household Income
$45,210
Median Earnings
$976
Median Rent
$222,200
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Loft-style apartments feature updated systems, exposed brick, hardwood flooring, and high-end finishes.
Where is this apartment building located?
The property is located at 1509 9TH STREET Leeds, AL.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: 11 apartment units with two‑bedroom layouts and one‑bedroom lofts; Seven ground‑level units and four upper‑level units; Renovated down to the studs with new wiring, plumbing, HVAC, and hot water heaters
More about this property
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