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Oelwein, IA Apartment Buildings for Sale

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Mixed-Use Retail and Apartments Building
Updated: Jun 19
Mixed-Use Retail and Apartments Building

1 S Frederick Avenue, Oelwein, IA 50662

$199,000
9,510 sqft
Mixed‑use commercial building (1890) with seven income‑producing spaces: five upper‑level apartments plus two retail storefronts
Apartment mix includes three 1‑bedroom units and two 2‑bedroom units
Main level has a spacious open retail area currently vacant and ready for an owner‑occupant or new tenant
Separate smaller retail space is already leased, providing immediate rental income
Over the past 15 years, capital improvements include updated windows, roof, water heater, sidewalks, and sewer and water lines
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Oelwein, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mixed-Use Downtown Storefront and Apartments
Mixed-Use Downtown Storefront and Apartments

122 & 120 E Bremer Avenue, Waverly, IA 50677

$440,000
14,900 sqft

Two side-by-side historic buildings offer storefront commercial units with six apartment units above and additional vacant space on the third floor.

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Mixed-Use Investment Building
Mixed-Use Investment Building

501-505 W 4th Street, Waterloo, IA 50701

$249,900
7,552 sqft

Mixed-use property with three main-level office or retail suites and five residential apartments above, plus private off-street parking.

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Historic Mixed-Use Downtown Buildings
Historic Mixed-Use Downtown Buildings

122 & 120 E Bremer Avenue, Waverly, IA 50677

$440,000
0.14 AC lot

Two adjoining brick structures combine commercial suites with six upper-level apartments.

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Mixed-Use Investment Opportunity
Mixed-Use Investment Opportunity

501 W 4th St, Waterloo, IA 50701

Contact for pricing
7,552 sqft

Mixed-use property with office/retail spaces and residential units.

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Off-Market Properties in Oelwein, IA

Consider similar Off-Market properties in Oelwein, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

102 8Th Ave
Multifamily properties

102 8Th Ave, Oelwein, IA 50662

Estimated value:
by Request
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Oelwein, IA Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Oelwein, IA on our real estate platform. These investment opportunities span a total of 9,510 square feet of properties for sale, with an estimated market value of $199,000.

Sale prices for two-family homes in Oelwein, IA average $199,000 — 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 6,497
Population Growth (5Y) -3.9%
Median Household Income $49,145
College Educated 22.1%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
50662 $199K

Taxes & Financing

Tax Rate (average for all types) 2.90%
Property Tax per SF $31.95 per SF
Tax Rate vs County Average 0.42 pp above county avg
Average Loan-to-Value 65.0%

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