Building Details

Year Built 1977

Buildings 2

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

Listed By: Daniel Remer · License #B44943000 Show Phone

Source: Exprealty

Added: Aug 6 Changed: Aug 21 Last Checked: Aug 23 at 3:36AM

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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 Remer Realty & Appraisal LLC

Investment Insights

Based on property information with market context.

This multifamily property comprises two apartment buildings with 11 units in total: four two-bedroom apartments and seven one-bedroom apartments. The unit layouts are approximately 718 square feet for the two-bedroom units and 600 square feet for the one-bedroom units. Five apartments have been fully remodeled with modern updates and natural light. The property was built in 1977 and includes off-street parking across two parcel lots totaling 0.78 acres.

Located at 100 E 1st St in Arthur, Iowa, the property has reported 93% occupancy from 2025 to 2026. The combination of unit diversity, updated apartments, and on-site parking provides a clear operating profile for a multifamily buyer.

Key Highlights

• 11 units across two apartment buildings
• Unit mix includes 4 two‑bedroom and 7 one‑bedroom apartments
• Five units fully remodeled with modern updates and natural light

Property Analytics

Property Profile

Current Use

Arthur apartments Apartment Complex

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

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

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Frequently Asked Questions

What type of property is this?

Apartment building - Two apartment buildings offer a mix of one- and two-bedroom units with off-street parking and recent interior updates.

Where is this apartment building located?

The property is located at 100 E 1st St 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 across two apartment buildings; Unit mix includes 4 two‑bedroom and 7 one‑bedroom apartments; Five units fully remodeled with modern updates and natural light