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    316 Boone St Boone, IA 50036

    For Sale
    $229,900

    See Remarks - Boone, IA

    Days on Market:
    42
    Last Refresh:
    Dec 6 at 8:06 pm

    Property Features for 316 Boone St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    088426281382056
    Parking features
    Garage, Garage - Detached

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Multi Units, Wall Unit(s), Window Unit(s)

    Building Details

    Year built
    1890
    Flooring type
    Hardwood, Laminate, Vinyl
    Building materials
    Aluminum Siding
    Architectural style
    Other

    Iowa Realty-Ankeny (515) 453-5800

    Listing agent Patty Meese (515) 956-1501 License #S61772

    Listing date Oct 26, 2025

    MLS# 68789 Listing URL

    Copyright © 2025 Central Iowa Board 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

    Well-Kept Investment Property in Boone

    This well-maintained five-unit residential income property is located in Boone, Iowa. The property generates $2800 per month when fully occupied and features several long-term tenants. Architectural details include oversized windows and leaded glass. Select units feature hardwood floors. The building also has a spacious front porch. The property is located close to downtown. Updates to the property include refreshes in some units, new flooring in select areas, a partial roof replacement, and a new furnace. Unit 2 is available, presenting an opportunity for an owner-occupied investor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Boone
    County
    Boone
    State
    Iowa
    Longitude
    -93.8815049
    Latitude
    42.0535953

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    FAQs

    What type of property is this?
    Apartment building - Five-unit residential building with long-term tenants and income potential.
    Where is this apartment building located?
    The property is located at 316 Boone St Boone, IA.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: - Income-generating 5-plex bringing in $2800/month when fully occupied.; - Opportunity for owner-occupancy in Unit 2.; - Features **oversized windows, leaded glass, and some hardwood floors.**
    (515) 956-1501
    Request Owner's contact information
    316 Boone St Boone, IA 50036
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    Boone, IA 50036
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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
    316 Boone St Boone, IA 50036
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