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    The Largest CRE Database in the US with Over 1 Million Listings

    1718 Dolores St Knoxville, IA 50138

    Sponsored
    For Sale
    $1,750,000

    MULTI_FAMILY - Knoxville, IA

    Property size:
    9,751 SF
    Lot size:
    0.68 Acres
    Days on Market:
    83
    Last Refresh:
    Feb 7 at 7:06 am

    Property Features for 1718 Dolores St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Comm
    Rooms
    Bedroom 10, Bathroom 8, Bedroom 28, Bedroom 47, Bedroom 29, Bedroom 42, Bedroom 25, Bedroom 33, Bedroom 34, Bathroom 5, Bathroom 23, Bedroom 38, Bathroom 4, Bathroom 12, Bedroom 45, Bathroom 19, Bedroom 3, Bedroom 27, Bathroom 9, Bathroom 6, Bedroom 17, Bedroom 41, Bedroom 2, Bathroom 3, Bathroom 21, Bathroom 18, Bedroom 22, Bathroom 1, Bathroom 13, Bedroom 21, Bedroom 46, Bedroom 26, Bedroom 9, Bathroom 20, Bedroom 18, Bathroom 24, Bedroom 14, Bedroom 44, Bedroom 15, Bedroom 19, Bathroom 7, Bedroom 7, Bedroom 24, Bedroom 8, Bedroom 12, Bathroom 2, Bedroom 40, Bathroom 11, Bedroom 43, Bedroom 31, Bedroom 30, Bathroom 10, Bedroom 20, Bathroom 16, Bedroom 36, Bedroom 6, Bedroom 13, Bathroom 15, Bathroom 17, Bathroom 22, Bathroom 14, Bedroom 16, Bedroom 35, Bedroom 23, Bedroom 39, Bedroom 5, Bedroom 32, Bedroom 37, Bedroom 1, Bedroom 11, Bedroom 48, Bedroom 4
    Bedrooms
    48
    Bathrooms
    24
    APN
    000000940300000
    Parking features
    Garage
    Size
    9,751 SF
    Lot size
    0.68 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1974
    Number of units
    24

    We can help!

    Listing Contact
    Maria Balac
    Maria Balac

    Realty ONE Group Impact (515) 446-7524

    Listing agent Maria Balac (515) 999-0730

    Listing date Nov 17, 2025

    MLS# 730555 Listing URL

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    24-Unit Multifamily Investment Opportunity

    This multifamily property in Knoxville, Iowa, presents a rare opportunity to acquire a high-performing investment. The complex features 24 units, all with 2-bedrooms and private balconies. Additional amenities include 9 garages and extra storage units. The property has a proven rental track record with full occupancy and minimal turnover, indicating strong demand in a market with limited inventory. The property size is 9751 square feet and the lot size is 0.6776 acres. This asset is suitable for buyers seeking stable income and an excellent return on investment. The zoning is commercial. The property is located at 1718 & 1804 Dolores Street, Knoxville, IA 50138, Marion County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Big Box & Wholesale Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Marion
    State
    Iowa
    Longitude
    -93.107799
    Latitude
    41.334001

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    FAQs

    What type of property is this?
    Apartment building - High-performing, fully occupied 24-unit complex with strong cash flow.
    Where is this apartment building located?
    The property is located at 1718 Dolores St Knoxville, IA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Strong cap rate and full occupancy indicate a high-performing investment.; - Proven rental track record ensures reliable cash flow.; - 24-unit complex with all 2-bedroom units offers broad appeal.
    (515) 999-0730
    Request Owner's contact information
    1718 Dolores St Knoxville, IA 50138
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1718 Dolores St Knoxville, IA 50138
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    We can help!
    Listing Contact
    Maria Balac
    Maria Balac
    (515) 999-0730
    Learn more
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