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6-Unit Apartment Property
For Sale
$599,900

29 Pioneer Ave, Montevallo, AL 35115

A mix of one- and two-bedroom rentals is connected to public water and sewer.

Property SizeContact for details
Lot Size1.25 Acres
Days on Market14

Property Features for 29 Pioneer Ave

General Information

Standard status Active
Lot size 1.25 Acres
Property subtype Residential Income

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Units

Unit Mix 2 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units 6
Listing Agency: Team Lehman LLC
Listed By: Susan Lehman · License #99579
Source: Exprealty
Added: Oct 1 Changed: Oct 11 Last Checked: Oct 13 at 2:47AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Team Lehman LLC

Investment Insights

Based on property information with market context.

The property contains six residential rental units: four with one bedroom and one bathroom, and two with two bedrooms and one bathroom. Each unit has an electric water heater. Heating and cooling equipment varies, with some units using through-the-wall heat pumps and others using window heat pump units.

Set on approximately 1.25 acres, the property has approximately 200 feet of road frontage along Highway 25. A separate building lot includes two sewer hookups and two water meters.

Key Highlights

  • Six rental units: four 1‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units
  • Approximately 1.25 acres with approximately 200 feet of frontage along Highway 25
  • Additional building lot has two sewer hookups and two water meters

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Parts Store Plumbing Service Big Box & Wholesale Store Furniture & Home Goods Garden Center Storage Facility

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

6
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

128
Businesses Nearby

Demographics for 35115, AL

15,260
Population
6,388
Households
2.4
Avg Household Size
34
Median Age
22%
College-Educated
82%
High-School Grad
123.4 sq mi
ZIP Area
124
Density / Sq Mi
$54,157
Median Household Income
$32,000
Median Earnings
$807
Median Rent
$165,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - A mix of one- and two-bedroom rentals is connected to public water and sewer.
Where is this apartment building located?
The property is located at 29 Pioneer Ave Montevallo, AL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Six rental units: four 1‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units; Approximately 1.25 acres with approximately 200 feet of frontage along Highway 25; Additional building lot has two sewer hookups and two water meters
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