Apartment Building

Storm Lake, IA Apartment Buildings for Sale

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Lakeside, IA Alta, IA Newell, IA Schaller, IA Albert City, IA Cherokee, IA Sioux Rapids, IA Sac City, 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
Six apartment units in a 5,015‑square‑foot building
Unit mix includes 2 one‑bedroom and 4 two‑bedroom apartments
100% occupied
Exterior tenant parking available on a 0.17‑acre property
Shared basement laundry room with coin‑operated washer and dryer
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Storm Lake, 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.

Six-Unit Apartment Building
Six-Unit Apartment Building

21 W 1ST ST, Spencer, IA 51301

$175,000
4,308 sqft 0.12 AC lot

Partially remodeled multifamily property with two leased units and four units requiring renovation.

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Apartment Buildings with Remodeled Units
Apartment Buildings with Remodeled Units

100 E 1St Avenue, Arthur, IA 51431

$474,900
0.91 AC lot

Two apartment buildings contain a mix of one- and two-bedroom residences with updated interiors in selected units.

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11-Unit Apartment Buildings
11-Unit Apartment Buildings

100 E 1St Avenue, Arthur, IA 51431

Contact for pricing
7,242 sqft 0.78 AC lot

Two apartment buildings include remodeled units and off-street parking.

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68-Unit Concrete Apartment Building
68-Unit Concrete Apartment Building

110 4th Street SE, Spencer, IA 51301

Contact for pricing

Well-built concrete multifamily with individually metered electric and A/C in all units.

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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 5,015 square feet of properties for sale, with an estimated market value of $260,000.

Sale prices for two-family homes in Storm Lake, IA average $260,000 — 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 13K
Population Growth (5Y) +6.7%
Median Household Income $65,475
College Educated 31.2%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
50588 $260K

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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