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8-Unit Multifamily Apartment Building
For Sale
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317 W State St, Centerville, IA 52544

For sale 8-unit multifamily apartment building at 317 W. State St in Centerville, IA.

Property SizeContact for details
Days on Market130

Property Features for 317 W State St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 8
Listing Agency: NAI Iowa Realty Commercial - Des Moines
Listed By: Tom Hudson · License #IA S18121000
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 5:08AM

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 NAI Iowa Realty Commercial - Des Moines

Investment Insights

Based on property information with market context.

This for-sale 8-unit multifamily apartment building offers a straightforward income property configuration with eight separate units within a single asset.

The property is located at 317 W. State St in Centerville, Iowa, providing a residential income opportunity in the established area along West State Street.

With its eight-unit layout, the building may appeal to buyers seeking a small multifamily portfolio position or an income-focused investment in a single structure.

Key Highlights

  • 8‑unit multifamily apartment building for sale
  • Listed at $60,625 per unit
  • Property address: 317 W. State St, Centerville, IA

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Electrical Service Big Box & Wholesale Store HVAC Service Grocery & Convenience 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

8
Residential units

Location Intelligence

Trade Area within ½ mile

515
Businesses Nearby

Demographics for 52544, IA

7,481
Population
4,096
Households
1.8
Avg Household Size
44
Median Age
19%
College-Educated
88%
High-School Grad
138.3 sq mi
ZIP Area
54
Density / Sq Mi
$45,257
Median Household Income
$36,792
Median Earnings
$779
Median Rent
$114,100
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 - For sale 8-unit multifamily apartment building at 317 W. State St in Centerville, IA.
Where is this apartment building located?
The property is located at 317 W State St Centerville, IA.
What are key features of this property?
This property features: 8‑unit multifamily apartment building for sale; Listed at $60,625 per unit; Property address: 317 W. State St, Centerville, IA
(515) 453-5480 Call to check price and availability
More about this property
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