Redstone Station
Multifamily | 128 Units
Marketing description
Redstone Station is a newly repositioned 128-unit community in the heart of Huntsville, one of the nation’s fastest growing tech, defense, and advanced manufacturing markets. Current ownership has invested over $1.9 million in comprehensive renovations including new roofs, windows, doors, refreshed exteriors, upgraded landscaping, modernized electrical and plumbing improvements, and fully updated interiors featuring new flooring, appliances, countertops, fixtures, and tile and tub surrounds.
The property offers a diverse unit mix of studios, one, two, and three bedroom floorplans averaging 707 square feet with current average asking rents of $909, providing meaningful runway compared to nearby renovated comps. Redstone Station is 91 percent occupied and benefits from strong tenant demand supported by Huntsville’s unmatched economic engine including Redstone Arsenal, NASA Marshall Space Flight Center, Cummings Research Park, Huntsville Hospital, and Mazda Toyota Manufacturing. These anchors collectively represent tens of thousands of high quality jobs and billions in annual economic output, driving long term stability and rent growth in the submarket.
Located just two miles from Redstone Arsenal, the property is positioned to capture the surge of demand tied to the relocation of the US Space Command headquarters, bringing 1,400 direct jobs and over 3,000 indirect jobs to Huntsville, further strengthening the city’s profile as a national hub for aerospace and defense innovation.
With major institutional employers, a nationally recognized business climate, and a growing renter population, Redstone Station is located in one of the most dynamic metros in the Southeast.
Investment highlights
$1.9M Capex Spend
Current ownership has completed over $1.9 million in comprehensive capital improvements across both the exterior and interior of the property. Enhancements include new windows and doors, exterior paint, upgraded landscaping, new roofs, and system-level improvements to plumbing, electrical, and HVAC where necessary. Unit interiors have been modernized with updated appliances, flooring, countertops, fixtures, and refreshed tub and tile finishes, materially reducing near-term capital needs.
Diverse Unit Mix
Redstone Station features a well-rounded mix of studio, one-, two-, and three-bedroom floor plans, allowing the property to serve a broad renter base and maintain leasing flexibility across multiple demand profiles.
Space Command HQ Relocating to Huntsville
The announced relocation of U.S. Space Command headquarters to Redstone Arsenal, located less than two miles from the property, is expected to deliver approximately 1,400 direct jobs and more than 3,000 indirect jobs to the Huntsville area, further strengthening the region’s aerospace, defense, and advanced technology employment base.
Major Fortune 500 Presence in Huntsville
Huntsville benefits from a strong institutional and corporate presence, with 59 Fortune 500 companies maintaining operations in the market. Notable names include Amazon, Berkshire Hathaway, Verizon, Comcast, AT&T, Meta, Toyota, UPS, and FedEx, alongside major government and aerospace organizations such as the U.S. Army, NASA, FBI, Blue Origin, and Boeing.
Area Demand Drivers
Redstone Station is positioned near several of Huntsville’s most significant employment and economic anchors, including:
Redstone Arsenal: Approximately $30 billion in annual economic impact, 44,000 direct employees, and 108,000 indirect jobs; recent FBI expansion represents a $2.48 billion investment and 2,200 jobs
NASA Marshall Space Flight Center: 7,000 employees and an estimated $3.7 billion annual economic impact
Huntsville Hospital: 11,149 jobs and 881 beds; ranked #2 hospital system in Alabama
University of Alabama in Huntsville: 9,237 enrolled students, $615 million economic impact, and 9,694 jobs supported statewide
Cummings Research Park: 27,000+ jobs across more than 300 companies
Mazda Toyota Manufacturing: $2.3 billion investment supporting 4,000 jobs and annual production of roughly 300,000 vehicles
Recent Huntsville Developments
Huntsville’s growth as the “Rocket City” continues to gain momentum, with nearly 1,200 jobs created and approximately $600 million in capital investment in 2024. Growth accelerated further in 2025 following the announced relocation of the U.S. Space Command headquarters to Redstone Arsenal, which is projected to generate 1,400 direct jobs and more than 3,000 indirect jobs. Additional recent economic developments supporting continued employment growth include:
U.S. Space Command: 1,400 direct jobs and 3,000 indirect jobs
Performance Drone Works: 525 new jobs and a $9.1 million expansion
Parsons Corporation: 125 new jobs and a $5 million expansion
FBI: 2,200 jobs supported by a $2.48 billion investment
Huntsville Major Employers
The market is anchored by a deep base of large-scale employers, including:
U.S. Army / Redstone Arsenal: 37,000 jobs
Huntsville Hospital: 11,149 jobs
NASA: 7,000 jobs
Mazda Toyota Manufacturing: 4,000 jobs
The Boeing Company: 3,411 jobs
Dynetics, Inc.: 2,946 jobs
Nationally Regarded City
The city of Huntsville has been thriving recently as one of the fastest growing economies as well as an attractive place to live. The “Rocket City” has been ranked highly in many categories, including:
#1 City for Tech Talent Growth (2024) – hsvhchamber
#2 Most Affordable and Family Friendly City (2024) – MoveBuddha
#5 Best Place for Millennials to Live and Work (2024) – CommercialCafe.com
#6 Cities for New Grads Looking for Tech Jobs (2024) – BizInsure
#16 America’s Top Performing Cities (2024) – Milken Institute
#16 Fastest Growing Places in the U.S. (2024) – U.S. News & World Report
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