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    1521 S G Ave Nevada, IA 50201

    For Sale
    $2,100,000

    MULTI_FAMILY - Nevada, IA

    Property size:
    16,594 SF
    Lot size:
    2.05 Acres
    Days on Market:
    18
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 1521 S G Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MR R3
    Rooms
    Bathroom 10, Bedroom 1, Bathroom 14, Bathroom 19, Bathroom 20, Bathroom 31, Bathroom 11, Bathroom 32, Bathroom 17, Bathroom 6, Bathroom 12, Bathroom 21, Bathroom 30, Bathroom 5, Bathroom 13, Bathroom 7, Bathroom 26, Bathroom 18, Bathroom 9, Bathroom 4, Bathroom 2, Bathroom 8, Bathroom 22, Bathroom 24, Bathroom 28, Bathroom 27, Bathroom 1, Bathroom 29, Bathroom 25, Bathroom 23, Bathroom 16, Bathroom 15, Bathroom 3
    Bedrooms
    1
    Bathrooms
    32
    APN
    11-17-116-125
    Size
    16,594 SF
    Lot size
    2.05 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1997
    Number of units
    32
    Building materials
    VinylSiding
    Roof type
    Shingle, Asphalt

    WB Listings (515) 554-4543 [email protected]

    Listing agent Guns, Matthew (515) 966-5478

    Listing date Nov 19, 2025

    MLS# 730729 Listing URL

    Copyright © 2025 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Nevada Iowa Multifamily Investment Opportunity

    Nevada Living Apartments presents a strong investment opportunity in Nevada, IA. This stabilized 32-unit complex features studio apartments, each with a renovated kitchen. An on-site laundry room with coin-operated machines provides additional revenue. A 2-bedroom manager's apartment allows for convenient oversight or added rental income. A utility monitoring system has been installed to maximize cost efficiency. The property is situated on a 2.05-acre lot. The property size is 16594 square feet. The zoning is MR R3. This property offers long-term stability in a growing community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nevada Living, Nevada ... Apartment Building

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Gym & Fitness Pharmacy Skin Care Clinic Accounting Firm Department Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nevada
    County
    Story
    State
    Iowa
    Longitude
    -93.439331
    Latitude
    42.006161

    Nearby Similar for Sale

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    • $309,000

      Spacious Southwoods Townhome with Updates

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    FAQs

    What type of property is this?
    Apartment building - Turnkey, renovated 32-unit apartment complex in Nevada, Iowa.
    Where is this apartment building located?
    The property is located at 1521 S G Ave Nevada, IA.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - Fully stabilized, 32-unit apartment complex offering a turnkey investment opportunity.; - Recently renovated studio apartments, each with its own newly renovated kitchen.; - On-site laundry room with coin-operated machines provides additional revenue.
    (515) 966-5478
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    Nevada, IA 50201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1521 S G Ave Nevada, IA 50201
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