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    Reimagined 15-Unit Multifamily Building
    Updated: Oct 17, 2025
    Reimagined 15-Unit Multifamily Building

    409 E 9th Street, Malvern, IA 51551

    $3,000,000
    17 sqft 1.71 AC lot
    15‑unit multifamily property, originally built in 1970
    Each unit has its own HVAC system, breaker box, and on‑demand water heater
    New 2024 electrical improvements
    New 2024 plumbing and roof improvements
    New 2024 outdoor improvements and landscaping
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Malvern, 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.

    5-Unit Multifamily Property
    5-Unit Multifamily Property

    1416 O Street, Omaha, NE 68107

    $415,000

    Five income-producing units on a large lot with updated interiors, storage, and coin laundry facilities.

    View details
    Historic Senior Living Community
    Historic Senior Living Community

    25 Linden Ave S, Council Bluffs, IA 51503

    Contact for pricing
    63,097 sqft

    36-unit independent senior living community in Council Bluffs, Iowa.

    View details
    Two-Building Multifamily Rehab Opportunity
    Two-Building Multifamily Rehab Opportunity

    4823 S 22nd St, Omaha, NE 68107

    Contact for pricing

    Two multifamily buildings on one lot with 13 rentable rooms/units total, sold as-is and requiring cosmetic renovations.

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    Brick Apartment Building
    Brick Apartment Building

    117 N 7th St, Plattsmouth, NE 68048

    Contact for pricing

    Downtown Plattsmouth brick apartment building offers parking in front and attached 2-car garage space.

    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.

    View details
    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.

    View details

    Malvern, IA Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Malvern, IA on our real estate platform. These investment opportunities span a total of 17 square feet of properties for sale, with an estimated market value of $3,000,000.

    Sale prices for two-family homes in Malvern, IA average $3,000,000 — 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 1,877
    Population Growth (5Y) +7.6%
    Median Household Income $82,218
    College Educated 34.4%

    Taxes & Financing

    Tax Rate (average for all types) 1.85%
    Property Tax per SF $33.22 per SF
    Tax Rate vs County Average 0.23 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Mills County

    New Delisted

    Total CRE Inventory on Market (SF)

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