This unique investment property offers multiple income-producing opportunities on approximately 1.25 acres with approximately 200 feet of road frontage along Highway 25. The property currently includes six residential rental units, consisting of two 2-bedroom, 1-bath units and four 1-bedroom, 1-bath units. All units are connected to public water and public sewer and feature electric water heaters. Heating and cooling varies by unit, with some equipped with through-the-wall heat pump systems and others utilizing window heat pump units. In addition to the existing rental units, the property offers room for future income potential. A building lot with two sewer hookups and two water meters already in place.
For sale
$599,900
29 Pioneer Ave, Montevallo, AL 35115
2beds
1,000sqft
Multi Family
Built in 1993
-- sqft lot
$568,000 Zestimate®
$600/sqft
$-- HOA
What's special
- 14 days
- 99
- 4
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Susan Lehman 205-542-4011,
Team Lehman LLC,
Susana Vazquez 205-796-5429,
Team Lehman LLC
Source: GALMLS,MLS#: 21466478
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Heat Pump, Window Units (HEAT)
Cooling
- Heat Pump, Window Unit(s)
Appliances
- Included: Cooktop, Electric Water Heater
Features
- Flooring: Hardwood, Tile
- Basement: Crawl Space
Interior area
- Total interior livable area: 1,000 sqft
Video & virtual tour
Property
Parking
- Parking features: Assigned
Details
- Parcel number: 362031003002.003
- Special conditions: As Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Slab
Condition
- Year built: 1993
Utilities & green energy
- Water: Public
- Utilities for property: Sewer Connected
Community & HOA
Community
- Subdivision: None
Location
- Region: Montevallo
Financial & listing details
- Price per square foot: $600/sqft
- Price range: $599.9K - $599.9K
- Date on market: 9/30/2026
- Tenant pays: Cable TV, Electricity, Trash Collection
Estimated market value
$568,000
$540,000 - $596,000
$991/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2026 | Listed for sale | $599,900-40%$600/sqft |
Source: | ||
| 4/21/2026 | Listing removed | $999,900$1,000/sqft |
Source: | ||
| 10/10/2025 | Listed for sale | $999,900$1,000/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 35115
Nearby schools
Schools provided by the listing agent
- Elementary: Montevallo
- Middle: Montevallo
- High: Montevallo
Source: GALMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





