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    Boone, IA Apartment Buildings for Sale

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    Luther, IA Ogden, IA Madrid, IA
    Well-Kept Boone Investment Property
    $225,000
    3,269 SF
    Well-Kept Boone Investment Property

    316 Boone Street, Boone, IA 50036

    Five-unit residential building with long-term tenants and recent updates.
    • Investment property with long‑term tenants
    • Close proximity to downtown
    • Multiple updates including partial roof replacement and new furnace
    • Features hardwood floors
    • Spacious front porch
    Updated: May 12
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    Parkview Terrace Multifamily Investment Opportunity
    $1,725,000
    23,760 SF
    Parkview Terrace Multifamily Investment Opportunity

    1003 Parkway Drive, Boone, IA 50036

    24-unit apartment community in Boone, Iowa with value-add potential.
    • High Occupancy Rate: 95.8% occupancy indicates strong tenant demand and consistent rental income.
    • Attractive Cap Rate: An 8.11% cap rate suggests a potentially lucrative investment opportunity.
    • Value‑Add Potential: Opportunity for increased revenue through interior unit renovations.
    • All 2BR/1.5BA Units: Desirable unit mix appealing to a broad tenant base.
    • Proximity to Major Employers: Located near a planned $676M Daisy Brands facility, potentially increasing tenant demand.
    Updated: Mar 25
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    Boone Iowa Apartment Community
    $3,595,000
    42,122 SF
    Boone Iowa Apartment Community

    57-unit apartment community in Boone, Iowa, near Iowa State.

    1104 8th St, Boone, IA 50036

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Boone, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Ames Multifamily Property Package
    $2,350,000
    Ames Multifamily Property Package

    Well-maintained multifamily property in West Ames with comfortable, updated units.

    1210 Walton Drive, Ames, IA 50014

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    Multifamily Property in West Ames
    $2,350,000
    Multifamily Property in West Ames

    Well-maintained multifamily property with updated units and convenient location.

    1209 Mayfield Drive, Ames, IA 50014

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    Woodward IA Multifamily Investment Opportunity
    $240,000
    4,760 SF
    Woodward IA Multifamily Investment Opportunity

    Ten apartments with good rental history and low vacancy rates.

    111 S Main Street, Woodward, IA 50276

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    Multifamily Building with Commercial Space
    $400,000
    Multifamily Building with Commercial Space

    Nine apartments plus two commercial units, supported by a rental history with low vacancy rates.

    124 S Main St, Woodward, IA 50276

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    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.

    Prime Development Land, Springfield MO
    $2,850,000
    29.20 Acres
    Prime Development Land, Springfield MO

    29.2 acres of retail-zoned land for mixed-use development.

    N West Bypass, Springfield, MO 65802

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    Norman Land For Luxury Condos
    $285,000
    0.74 Acres
    Norman Land For Luxury Condos

    Prime Norman land suitable for luxury condos development.

    801 NW 36th Avenue, Norman, OK 73072

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    Buildable Lot for Luxury Condos
    $285,000
    0.74 Acres
    Buildable Lot for Luxury Condos

    0.74 acre buildable lot zoned for low-density apartments.

    801 36th Ave NW, Norman, OK 73072

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    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

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

    215 N Bear Creek Road, Asheville, NC 28806

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    Boone, IA Apartment Buildings Investment Opportunities Market Analysis

    Explore 3 apartment buildings for sale in Boone, IA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 69,151 square feet of properties for sale, with an estimated market value of $5,545,000.

    Sale prices for two-family homes in Boone, IA start at $225,000, averaging $1,848,333, and reaching up to $3,595,000 — 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 median listing prices of real estate assets

    Neighborhood Average Price
    50036 $1.8M

    Taxes & Financing

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

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