1 Richards Drive Keokuk, IA 52632
Two-building, 16-unit complex in Keokuk, Iowa, with 100% occupancy.
Type:Multifamily
Property size:
16,000 SF- Added:
- Mar 25, 2026
- Days on Market:
- 17
- Last Refresh:
- Mar 18 at 8:32 am
Property Features for 1 Richards Drive
General Information
- Standard status
- Active
- Size
- 16,000 SF
- Property subtype
- Multifamily
Listing agent Ray Hamilton
Listing office
Listing date Mar 25, 2026
Source Cbre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Ray Hamilton
Overview
Keokuk Multifamily Investment Opportunity
This property features two brick buildings constructed in 1978. The unit mix consists entirely of 2-bedroom units. The complex contains a total building area of 16,800 square feet. The property is currently 100% occupied, with average in-place rents of $710. Surface parking is available. The property is located in Keokuk, Iowa, the southernmost city in the state, situated at the junction of U.S. Routes 61, 136, and 218. Its location is across the street from Keokuk Middle & High School and within 5 minutes of WalMart, Hy-Vee, Aldi, and several other retailers along HWY 218/Main Street. The capitalization rate is 9.22%.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Keokuk
- County
- Lee
- State
- Iowa
- Longitude
- -91.393314
- Latitude
- 40.409637
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Two-building, 16-unit complex in Keokuk, Iowa, with 100% occupancy.
Where is this apartment building located?
The property is located at 1 Richards Drive Keokuk, IA.
What is the asking price?
The asking price for this property is $855,000.
What are key features of this property?
This property features: 9.22% Cap Rate; 100% Occupied, offering immediate returns; Ideal unit mix: All 2BR/1BA units
