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    Lakeside, IA Alta, IA Schaller, IA Sac City, IA Cherokee, IA Fonda, IA Pocahontas, IA Laurens, IA
    6-Unit Apartment Building
    Updated: Jul 3
    6-Unit Apartment Building

    416 Michigan, Storm Lake, IA 50588

    $260,000
    5,015 sqft 0.17 AC lot
    6‑unit property with 100% occupied status
    Unit mix: 2 one‑bedroom/1‑bath units and 4 two‑bedroom/1‑bath units
    Kitchen/dining and living space in all units; separate shared coin‑operated washer/dryer in basement
    MarketRent Roll and Actual Rent Roll are both $4,400
    Baseboard heat and window unit cooling; exterior parking for tenants
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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 Storm Lake, 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.

    10-Unit Apartment Building with Garages
    10-Unit Apartment Building with Garages

    1010-1020 Williams DR., Fort Dodge, IA 50501

    $625,000
    12,438 sqft 0.06 AC lot

    10 units each with separate utilities and appliances, plus 10 garage stalls, in a compact residential setting.

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    Fort Dodge Multifamily Investment Property
    Fort Dodge Multifamily Investment Property

    131 N 8th St, Fort Dodge, IA 50501

    $1,080,000
    15,152 sqft 0.48 AC lot

    26-unit multifamily property in Fort Dodge, Iowa, for sale.

    View details
    Senior Apartment HUD Complex
    Senior Apartment HUD Complex

    5300 Stone Ave, Sioux City, IA 51106

    $4,650,000
    2.83 AC lot

    Two-building HUD property for 62+ residents, offering in-unit AC and pull cord call systems.

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    Apartment Complex for Senior Living
    Apartment Complex for Senior Living

    5300 Stone Ave, Sioux City, IA 51106

    $4,650,000
    2.83 AC lot

    70-unit apartment complex for residents 62 years and older.

    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.

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    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.

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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

    Storm Lake, IA Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Storm Lake, IA on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $0.00.

    Sale prices for two-family homes in Storm Lake, IA start at $0.00, averaging $0.00, and reaching up to $0.00 — 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 13K
    Population Growth (5Y) +6.7%
    Median Household Income $65,475
    College Educated 31.2%

    Taxes & Financing

    Tax Rate (average for all types) 3.17%
    Property Tax per SF $32.45 per SF
    Tax Rate vs County Average 0.74 pp above county avg
    Average Loan-to-Value 65.0%

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