Apartment Building

Malvern, IA Apartment Buildings for Sale

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15-Unit Apartment Building
Updated: Oct 17, 2025
15-Unit Apartment Building

409 E 9th Street, Malvern, IA 51551

$2,900,000
17 sqft 1.71 AC lot
15‑unit multifamily property
1.71‑acre parcel in Malvern, Iowa
Electrical, plumbing, roof, and exterior improvements completed in 2024
Each unit has a separate HVAC system, breaker box, and on‑demand water heater
Interior details include custom trim, crown molding, and glass‑tile backsplashes
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Malvern, 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.

5-Unit Apartment Building
5-Unit Apartment Building

1416 O St, Omaha, NE 68107

$380,000
2,500 sqft

Five-unit property with a separate cottage, coin laundry, storage, and off-street parking.

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Apartment Building with Development Land
Apartment Building with Development Land

1660 East Summit Street, Red Oak, IA 51566

Contact for pricing
25,500 sqft

R-4 zoning and additional land support the property’s multifamily configuration and future development potential.

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5-Unit Apartment Property
5-Unit Apartment Property

1416 O Street, Omaha, NE 68107

$380,000

Four apartments occupy the primary residence, with a separate cottage at the rear.

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5-Unit Brick Apartment Building
5-Unit Brick Apartment Building

301 S Elm Street, Shenandoah, IA 51601

$229,000

Five rental units are supported by forced-air heating, air conditioning, and public water service.

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 $2,900,000.

Sale prices for apartment complexes in Malvern, IA average $2,900,000 — 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%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
51551 $2.9M

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

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