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    Boone, IA
    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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    Seven-Unit Apartment Community with Garages
    Seven-Unit Apartment Community with Garages

    823 Doran Drive, Boone, IA 50036

    $425,000

    Small multifamily in Boone offers studio and 1–2 bedroom units plus detached garages and surface parking.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    8-Unit Apartment Building
    8-Unit Apartment Building

    532 5th St, Boone, IA 50036

    Contact for pricing

    Updated multifamily property with separate gas and electric metering for each residence.

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    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 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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    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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    Westfield Three-Story Apartments
    Westfield Three-Story Apartments

    5610 W Lincoln Way, Ames, IA 50014

    Contact for pricing

    A 76-unit multifamily property with brick-on-block construction near Iowa State University.

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    Boone, IA Apartment Buildings Market Trends and Statistics

    Explore 4 apartment buildings for sale in Boone, IA, showcased through 4 active listings 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 $650,000.

    Sale prices for two-family homes in Boone, IA start at $225,000, averaging $325,000, and reaching up to $425,000 — 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 $325K

    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%

    Listings Trend

    New vs delisted commercial listings in Boone County

    New Delisted

    Total CRE Inventory on Market (SF)

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