Search
Multifamily Building with Commercial Space
For Sale
$400,000

124 S Main St, Woodward, IA 50276

Nine apartments plus two commercial units, supported by a rental history with low vacancy rates.

Property SizeContact for details
Days on Market138

Property Features for 124 S Main St

General Information

Standard status Active

Units

Multifamily Units 9
Office Units 2

Taxes and HOA fees

Annual Taxes $3,024

Building Details

Tenancy Multi
Listing Agency: RE/MAX Precision
Listed By: Holly Taylor · License #S56751000
Source: Exprealty
Added: Apr 20 Changed: Aug 21 Last Checked: Sep 4 at 7:50AM

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 RE/MAX Precision

Investment Insights

Based on property information with market context.

This multifamily property consists of nine total apartment units, including four two-bedroom units, three one-bedroom units, and two efficiency units. The offering also includes two commercial units, along with a lot identified for a dumpster. The seller reports a rental history with low vacancy rates.

The property is located at 124 S Main St in Woodward, Iowa. Per the available information, additional site amenities noted with the property include the dumpster lot, which supports day-to-day refuse handling for residents and tenants.

For buyers looking for a mixed residential and commercial income-producing asset, this structure provides an apartment unit mix spanning two-bedroom, one-bedroom, and efficiency layouts, alongside two commercial spaces. The seller indicates the property must be purchased as part of a package; prospective buyers should contact the broker for package details and further information.

Key Highlights

  • 9 apartments: 4 two‑bedroom units and 3 one‑bedroom units, plus 2 efficiency units
  • Additional income from 2 commercial units
  • Includes a lot for a dumpster

Property Analytics

Current Use

Joe's Barber Shop Barber Shop

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Electrical Service Garden Center Furniture & Home Goods Restaurant

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

2
Office units
9
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

89
Businesses Nearby

Demographics for 50276, IA

2,454
Population
899
Households
2.7
Avg Household Size
40
Median Age
17%
College-Educated
97%
High-School Grad
82.4 sq mi
ZIP Area
30
Density / Sq Mi
$92,682
Median Household Income
$39,186
Median Earnings
$484
Median Rent
$243,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Nine apartments plus two commercial units, supported by a rental history with low vacancy rates.
Where is this apartment building located?
The property is located at 124 S Main St Woodward, IA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 9 apartments: 4 two‑bedroom units and 3 one‑bedroom units, plus 2 efficiency units; Additional income from 2 commercial units; Includes a lot for a dumpster
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message