Building Details

Year Built 1977

Buildings 2

Units 11

Listing Agency: Remer Realty & Appraisal LLC d**@remerrealtyandappraisal.com Show Phone

Listed By: Daniel Remer · License #IA B44943000

Source: Crexi

Added: Aug 6 Changed: Aug 10 Last Checked: Aug 11 at 9:23AM

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Investment Insights

Based on property information with market context.

This multifamily property comprises two apartment buildings with 11 units total: four two-bedroom residences measuring 718 square feet each and seven one-bedroom residences measuring 600 square feet each. The buildings contain 7,242 square feet and were constructed in 1977.

The property spans two parcel lots totaling 0.78 acres and includes off-street parking. Five units have been fully remodeled with modern updates and natural light. A local property manager is in place.

Key Highlights

• 11 units: 4 two‑bedroom units and 7 one‑bedroom units
• 7,242 sq ft across 2 apartment buildings
• Two‑bedroom units measure 718 sq ft; one‑bedroom units measure 600 sq ft

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Hair Salon Nail Salon Spa & Massage Center Discount Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11

Residential units

Location Intelligence

Trade Area within ½ mile

28

Businesses Nearby

Explore this area Business Placement

Demographics for 51431, IA

404

Population

211

Households

1.9

Avg Household Size

40

Median Age

14%

College-Educated

95%

High-School Grad

37.9 sq mi

ZIP Area

11

Density / Sq Mi

$54,333

Median Household Income

$35,536

Median Earnings

$630

Median Rent

$83,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Two apartment buildings include remodeled units and off-street parking.

Where is this apartment building located?

The property is located at 100 E 1St Avenue Arthur, IA.

What is the asking price?

The asking price for this property is $474,900.

What are key features of this property?

This property features: 11 units: 4 two‑bedroom units and 7 one‑bedroom units; 7,242 sq ft across 2 apartment buildings; Two‑bedroom units measure 718 sq ft; one‑bedroom units measure 600 sq ft