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Apartment Buildings with Remodeled Units
For Sale
$474,900

100 E 1St Avenue, Arthur, IA 51431

COMMERCIAL - Arthur, IA

Property Size7,242 SF
Lot Size0.91 Acres
Price / SF$65.58
Days on Market18

Property Features for 100 E 1St Avenue

General Information

Property type Commercial Sale
Property subtype Apartment
Parking features On Street
Directions Google or Contact Realtor
Standard status Active
APN 17-01-0114
Lot size 0.91 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description N 17' LOT 13 & LOTS 14-15-16-17-18 BLK 1 & LOTS 1-2 BLK 1
Tax Annual Amount 3112
Legal Description N 17' LOT 13 & LOTS 14-15-16-17-18 BLK 1 & LOTS 1-2 BLK 1

Utilities

Heating system Baseboard
Cooling system Window Unit(s)
Water source Public

Building Details

Year built 1977
Number of units 11
Building materials Wood Siding
Listing Agency: Remer Realty & Appraisal LLC
Listed By: Daniel Remer · License #B44943000
Added: Aug 6 Changed: Aug 19 Last Checked: Aug 23 at 10:06AM
MLS# 6341305

Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multifamily property comprises two apartment buildings totaling 7,242 square feet and 11 residences. The unit mix includes four two-bedroom apartments measuring 718 square feet each and seven one-bedroom apartments measuring 600 square feet each. Five units have been fully remodeled with contemporary updates and abundant natural light. The buildings were constructed in 1977 and feature wood siding, baseboard heating, window-unit cooling, and public water service.

The property is located in Arthur, Iowa, within Ida County. Reported occupancy was 93% from 2025 through 2026. Parking is identified as an on-street feature, and the property is situated across two parcel lots.

Key Highlights

  • 11 apartments across two buildings totaling 7,242 square feet
  • Unit mix includes 4 two‑bedroom apartments at 718 square feet and 7 one‑bedroom apartments at 600 square feet
  • 5 units fully remodeled with contemporary updates and natural light

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
93%
Occupancy

Location Intelligence

Trade Area within ½ mile

30
Businesses Nearby

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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Two apartment buildings contain a mix of one- and two-bedroom residences with updated interiors in selected units.
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 apartments across two buildings totaling 7,242 square feet; Unit mix includes 4 two‑bedroom apartments at 718 square feet and 7 one‑bedroom apartments at 600 square feet; 5 units fully remodeled with contemporary updates and natural light
More about this property
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