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    Ames, IA Colo, IA Maxwell, IA
    Nevada Iowa Multifamily Investment
    Updated: Nov 19, 2025
    Nevada Iowa Multifamily Investment

    1521 S G Avenue, Nevada, IA 50201

    $2,100,000
    16,594 sqft · 2.05 AC lot
    33‑unit apartment complex in Nevada, IA, built in 1997
    Studio apartments, each with its own newly renovated kitchen
    On‑site laundry room with coin‑operated machines
    Includes a spacious 2‑bedroom manager’s apartment
    Recently renovated; utility monitoring system installed
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    This listing looks promising.

    Here's a quick look at some key insights for

    1521 S G Avenue, Nevada, IA 50201

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    • Est. Cap Rate

      5.3%
      NOI ÷ price

    • Est. NOI

      $111K
      Annual

    • Price @ 7% Cap

      $1.59M
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1997
    View Property Analytics
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Nevada, 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.

    Turnkey 8-Plex Rental Property
    Turnkey 8-Plex Rental Property

    215 Jewel Drive, Ames, IA 50010

    $995,000
    8,267 sqft · 0.57 AC lot

    Well-maintained 8-unit multifamily building with multiple two- to four-bedroom layouts and two full baths per unit.

    View details
    32-Unit Multifamily Community in Ankeny, Iowa
    32-Unit Multifamily Community in Ankeny, Iowa

    218 Northwest State Street, Ankeny, IA 50023

    $2,395,000
    25,600 sqft

    Well-maintained 32-unit apartment complex in Ankeny, Iowa.

    View details
    Ames Iowa Student Housing Portfolio
    Ames Iowa Student Housing Portfolio

    626 South 16th Street, Ames, IA 50010

    $4,300,000
    31,307 sqft

    47-unit multifamily portfolio near Iowa State University for sale.

    View details
    Trilein Village Apartments For Sale
    Trilein Village Apartments For Sale

    317 Northeast Trilein Drive, Ankeny, IA 50021

    Contact for pricing

    54-unit apartment community in Ankeny, Iowa.

    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.

    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

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

    View details
    Norman Land For Luxury Condos
    Norman Land For Luxury Condos

    801 NW 36th Avenue, Norman, OK 73072

    $285,000
    0.74 AC lot

    Prime Norman land suitable for luxury condos development.

    View details
    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.

    View details
    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

    Nevada, IA Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Nevada, IA on our real estate platform. These investment opportunities span a total of 16,594 square feet of properties for sale, with an estimated market value of $2,100,000.

    Sale prices for two-family homes in Nevada, IA start at $2,100,000, averaging $2,100,000, and reaching up to $2,100,000 — 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 8,301
    Population Growth (5Y) +0.0%
    Median Household Income $81,989
    College Educated 41.8%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    50201 $2.1M

    Taxes & Financing

    Tax Rate (average for all types) 2.47%
    Property Tax per SF $31.58 per SF
    Tax Rate vs County Average 0.06 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Story County

    New Delisted

    Total CRE Inventory on Market (SF)

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