Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    409 E 9Th St Malvern, IA 51551

    For Sale
    $3,000,000

    Multi-Unit, Apartment - Malvern, IA

    Property size:
    17,400 SF
    Lot size:
    1.71 Acres
    Days on Market:
    49
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 409 E 9Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen
    Bedrooms
    41
    Bathrooms
    24
    Parking features
    Garage
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Refrigerator, Washer
    Size
    17,400 SF
    Lot size
    1.71 Acres

    Building Details

    Year built
    1970
    Year renovated
    1970
    Architectural style
    Other

    Jim Hughes Real Estate (712) 527-3114

    Listing agent Julie O'Hara (712) 527-3114

    Listing date Oct 18, 2025

    MLS# 11592465 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Reimagined Multifamily Property in Malvern

    This is a 15-unit multifamily property designed for efficient ownership and tenant appeal. Each unit features custom trim and crown molding, contemporary kitchens and baths with glass tile backsplashes and finishes that balance style and durability. The property includes new electrical, plumbing, roof and outdoor improvements and landscaping. Each unit has its own HVAC system, breaker box and on-demand water heater. The unit mix consists of two 4-bedroom, 2-bath units; seven 3-bedroom, 2-bath units; and six 2-bedroom, 1-bath units. The property contains 17,400 square feet of space and is situated on a 1.71-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Wholesale Shop Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Malvern
    County
    Mills
    State
    Iowa
    Longitude
    -95.579959
    Latitude
    41.007705

    FAQs

    What type of property is this?
    Apartment building - 15-unit multifamily property with modern interiors and minimal upkeep.
    Where is this apartment building located?
    The property is located at 409 E 9Th St Malvern, IA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - Fully renovated with new electrical, plumbing, roof, and landscaping, ensuring minimal upkeep.; - Each unit features individual HVAC system, breaker box, and on-demand water heater.; - Tasteful interior upgrades including custom trim, crown molding, contemporary kitchens and baths with glass tile backsplashes.
    (712) 527-3114
    Request Owner's contact information
    409 E 9Th St Malvern, IA 51551
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    409 E 9Th St
    Malvern, IA 51551
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    409 E 9Th St Malvern, IA 51551
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.