8-Unit Apartment Building with
For Sale
Contact for pricing
113 2nd St NE, Mitchellville, IA 50169
Fully occupied multifamily property with private parking and a boiler system installed in 2025.
Property Size5,984 SF
Price / SF$80.05
Days on Market157
Property Features for 113 2nd St NE
General Information
Standard status
Active
Size
5,984 SF
Class
C
Total Parking Spaces
8
Property subtype
Multifamily
Zoning
R-3
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$37,993
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Building Details
Year Built
1972
Units
8
Listing Agency:
Stanbrough Realty
(515) 689-2612
Listed By:
Josh Kirby · License #S72206000
Source:
Crexi
Added: Mar 27
Changed: Aug 29
Last Checked: Aug 29 at 10:30PM
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 Stanbrough Realty
Investment Insights
Based on property information with market context.
Built in 1972, this apartment property contains eight 2BR/1BA units totaling 5,984 square feet. The building is currently 100% occupied and includes clean common areas, a private parking lot, and a boiler system installed in 2025. Unit turnovers have incorporated LVP flooring, new carpet, and fresh paint, while original cabinetry remains in place in the apartments.
The property occupies the corner of 2nd St NE and Park Ave in Mitchellville, directly across from the Mitchellville Community Center. It is professionally managed and carries R-3 zoning. The asset is offered as a multifamily property with an established eight-unit configuration and documented improvements to select interiors and building systems.
The property occupies the corner of 2nd St NE and Park Ave in Mitchellville, directly across from the Mitchellville Community Center. It is professionally managed and carries R-3 zoning. The asset is offered as a multifamily property with an established eight-unit configuration and documented improvements to select interiors and building systems.
Key Highlights
- Eight 2BR/1BA apartment units totaling 5,984 SF
- 100% occupied at the time of listing
- Private parking lot and clean common areas
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Explore this area
Business Placement
Demographics for 50169, IA
3,372
Population
1,161
Households
2.9
Avg Household Size
40
Median Age
17%
College-Educated
92%
High-School Grad
45.6 sq mi
ZIP Area
74
Density / Sq Mi
$81,625
Median Household Income
$34,271
Median Earnings
$789
Median Rent
$211,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with private parking and a boiler system installed in 2025.
Where is this apartment building located?
The property is located at 113 2nd St NE Mitchellville, IA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Eight 2BR/1BA apartment units totaling 5,984 SF; 100% occupied at the time of listing; Private parking lot and clean common areas
