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    Rake, IA Apartment Buildings for Sale

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    Turnkey Apartment Buildings in Rake, IA
    $299,900
    1.74 Acres

    Turnkey Apartment Buildings in Rake, IA

    204 3 St SW, Rake, IA 50465

    Two 4-unit buildings with updates on 1.74 acres.

    • Positive cash flow from Day 1.
    • Turnkey 8‑unit apartment building.
    • Recent updates to all units including paint, flooring, and plumbing.
    • Two 4‑unit buildings on a 1.74 acre lot.
    • Good tenants with in‑house management.
    Updated: Dec 6, 2025
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    Rake, IA 8-Unit Apartment Complex
    $325,900
    1.74 Acres

    Rake, IA 8-Unit Apartment Complex

    204 3 St, Rake, IA 50465

    Turnkey multifamily, positive cash flow, great upside.

    View details
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Rake, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Explore Opportunities in Nearby Cities

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

    Mankato Mixed-Use Apartment Building
    $4,800,000
    9,829 SF

    Mankato Mixed-Use Apartment Building

    High-Yield Investment Opportunity: 20 Units, 6.38% Cap Rate

    340 Stadium Rd, Mankato, MN 56001
    View details
    Mankato 4-Plex Investment Opportunity
    $465,000

    Mankato 4-Plex Investment Opportunity

    High-Yield Multifamily Property in Central Mankato

    217 Spring St, Mankato, MN 56001
    View details
    Modern Mixed-Use Property For Sale
    $2,600,000
    0.18 Acres

    Modern Mixed-Use Property For Sale

    Upscale retail space plus five luxury apartments in North Mankato.

    235 Belgrade Ave, North Mankato, MN 56003
    View details
    Modern Mixed-Use Property
    Contact for pricing
    0.18 Acres

    Modern Mixed-Use Property

    Upscale retail space plus five luxury apartments in North Mankato.

    235 Belgrade Ave, North Mankato, MN 56003
    View details

    Explore Off-Market Properties in Rake, IA

    Consider similar Off-Market properties in Rake, 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.

    204 3 St

    204 3 St

    Residential income properties • 1.74 Acres
    Value Estimation by Request
    204 3 St, Rake, IA 50465
    View details

    Rake, IA Apartment Buildings Investment Opportunities Market Analysis

    Explore 3 apartment buildings for sale in Rake, IA on our real estate platform. These investment opportunities span a total of 151,589 square feet of properties for sale, with an estimated market value of $625,800.

    Prices for two-family homes in Rake, IA start at $299,900, averaging $312,900, and reaching up to $325,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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    • 50465

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