Apartment Building

Boone, IA Apartment Buildings for Sale

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Ogden, IA Pilot Mound, IA Luther, IA Ames, IA Madrid, IA Woodward, IA Gilbert, IA Sheldahl, IA
Five-Unit Apartment Building
Updated: May 12
Five-Unit Apartment Building

316 Boone Street, Boone, IA 50036

$225,000
3,269 sqft 0.25 AC lot
Five‑unit apartment property totaling 3,269 square feet
Built in 1890 on a 0.2479‑acre lot
316 Boone Street location near downtown Boone
Interior refreshes and new flooring in some units
Partial roof replacement and new furnace
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Boone Iowa Apartment Community
Updated: Mar 5
Boone Iowa Apartment Community

1104 8th St, Boone, IA 50036

Contact for pricing
42,122 sqft
High Cap Rate of 8.22%
Value‑add opportunity through continued interior unit renovations and common area enhancements.
20 out of 57 units have been renovated with new LVP flooring, paint, cabinetry, and appliances.
Well‑maintained 57‑unit apartment community.
Four units include in‑unit washer and dryer.
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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Boone, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Brick Apartment Building
Brick Apartment Building

111 S Main Street, Woodward, IA 50276

$240,000
4,760 sqft 0.16 AC lot

Apartment property with public water and sewer service, natural-gas forced-air heating, and window-unit cooling.

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Two-Building Apartment Portfolio
Two-Building Apartment Portfolio

1209 Mayfield Drive, Ames, IA 50014

$2,350,000

Ames apartment portfolio with updated interiors, in-unit laundry, resident amenities, and transit access across two buildings.

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39-Unit Apartment Community
39-Unit Apartment Community

4733 Toronto Street, Ames, IA 50014

$3,000,000

The property offers one- and three-bedroom layouts, with roof and select interior and mechanical upgrades completed.

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Mixed-Use Laundromat and Apartments
Mixed-Use Laundromat and Apartments

115 S Main St, Woodward, IA 50276

$223,000

Income-focused mixed-use property combining a commercial laundromat with five rental units.

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Boone, IA Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Boone, IA on our real estate platform. These investment opportunities span a total of 45,391 square feet of properties for sale, with an estimated market value of $225,000.

Sale prices for apartment complexes in Boone, IA average $225,000 — 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 16K
Population Growth (5Y) -0.8%
Median Household Income $74,107
College Educated 9.2%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
50036 $225K

Taxes & Financing

Tax Rate (average for all types) 2.32%
Property Tax per SF $27.84 per SF
Tax Rate vs County Average 0.14 pp above county avg
Average Loan-to-Value 65.0%

Total CRE Inventory on Market (SF)

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