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    Renovated Multifamily Asset, Algona, IA
    Updated: May 5
    Renovated Multifamily Asset, Algona, IA

    1906 90th Avenue, Algona, IA 50511

    $1,200,000
    Fully renovated multi‑family asset with strong in‑place income and significant upside potential.
    Turn‑key investment with minimal deferred maintenance due to completed major improvements.
    Expansive lot offers ample space for additional development to increase revenue and asset value.
    Updated units with modern finishes, attractive stable tenancy, and consistent rental demand.
    Located in a stable rental market in Algona with a strong tenant base.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 1 Active listings in Algona, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Three 8-Plex Apartment Building
    Three 8-Plex Apartment Building

    120 E 13th St, Blue Earth, MN 56013

    $1,225,000
    0.97 AC lot

    Three 8-plex multifamily with 1- and 2-bedroom units, on-site coin laundry, and 34 off-street parking spaces.

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    Six-Story Multifamily Building
    Six-Story Multifamily Building

    106 North 10th Street, Fort Dodge, IA 50501

    Contact for pricing
    34,608 sqft 0.23 AC lot

    Single-building multifamily property with 48 units in a 6-story structure and surface parking.

    View details
    Value-Add Apartment Opportunity
    Value-Add Apartment Opportunity

    830 Moore St., Blue Earth, MN 56013

    Contact for pricing
    19,200 sqft 0.97 AC lot

    Apartment complex with value-add potential in Blue Earth, Minnesota.

    View details
    Fort Dodge Multifamily Investment
    Fort Dodge Multifamily Investment

    Regency West Ct 23rd Place N and N 15th Place, Fort Dodge, IA 50501

    $7,200,000
    48,000 sqft 8.40 AC lot

    48-unit multifamily property in Fort Dodge, Iowa for sale.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Retail-Zoned Development Land Opportunity
    Retail-Zoned Development Land Opportunity

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2-acre site with retail zoning and conditional overlay, approved for 352 apartments and multiple residential lot configurations.

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    Commercial Buildable Land Parcel
    Commercial Buildable Land Parcel

    801 NW 36th Avenue, Norman, OK 73072

    $250,000
    0.74 AC lot

    Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Off-Market Properties in Algona, IA

    Consider similar Off-Market properties in Algona, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    114 En St
    APARTMENT HOUSE (5+ UNITS)

    114 En St, Algona, IA 50511-2472

    Value Estimation by Request
    4,371 sqft 0.20 AC lot
    View details
    318 Harlan St
    GARDEN APT, COURT APT (5+ UNITS)

    318 Harlan St, Algona, IA 50511-3423

    Value Estimation by Request
    6,375 sqft 0.28 AC lot
    View details
    309 Harlan St
    APARTMENT HOUSE (5+ UNITS)

    309 Harlan St, Algona, IA 50511-3422

    Value Estimation by Request
    3,956 sqft 0.24 AC lot
    View details

    Algona, IA Apartment Buildings Market Trends and Statistics

    Explore 4 apartment buildings for sale in Algona, IA on our real estate platform.

    Sale prices for two-family homes in Algona, IA average $1,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 6,987
    Population Growth (5Y) +0.2%
    Median Household Income $60,256
    College Educated 33.5%

    High-Yield Neighborhoods for Investment

    Identify Algona submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    50511 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 1.97%
    Property Tax per SF $23.63 per SF
    Tax Rate vs County Average 0.25 pp above county avg
    Average Loan-to-Value 65.0%

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