48-Unit Senior Apartment
131 N Washington Ave, Sheldon, IA 51201
For Sale
New
$960,000
Residents have access to first-floor laundry, a community room, and open parking beside the building.
Property Size36,636 SF
Days on Market2
Property Features for 131 N Washington Ave
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Amenities
storage units
laundry facilities
community room
mobility impaired accessible
Building Details
Building Size
Year Built
Listed By:
Beau Braunger, SIOR, CCIM · License IA S58804000
(712) 251-8276
Source:
Naiunited
Added: Nov 12
Last Checked: Nov 12 at 2:39PM
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 Beau Braunger, SIOR, CCIM
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Built in 1978, this 48-unit apartment property offers one-bedroom homes of approximately 552 square feet, including mobility-accessible apartments. Additional storage is available, and all utilities are included. Building amenities include first-floor laundry facilities and a community room for gatherings. Open resident parking is located beside the building.
The apartments operate under HUD Section 8 and serve people aged 62 or older and people with disabilities. Eligible residents contribute 30% of adjusted gross income toward rent. One-third of the roof was recently replaced; deferred maintenance is present around the property.
The apartments operate under HUD Section 8 and serve people aged 62 or older and people with disabilities. Eligible residents contribute 30% of adjusted gross income toward rent. One-third of the roof was recently replaced; deferred maintenance is present around the property.
Key Highlights
- 48 one‑bedroom apartments, approximately 552 square feet each
- HUD Section 8 housing for residents aged 62+ or people with disabilities
- Mobility‑accessible apartments and additional storage units
Property Analytics
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Current Use
Lease Details
48
Residential units
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
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Business Placement
Demographics for 51201, IA
6,408
Population
2,776
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
115.7 sq mi
ZIP Area
55
Density / Sq Mi
$70,592
Median Household Income
$40,182
Median Earnings
$842
Median Rent
$182,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have access to first-floor laundry, a community room, and open parking beside the building.
Where is this apartment building located?
The property is located at 131 N Washington Ave Sheldon, IA.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: 48 one‑bedroom apartments, approximately 552 square feet each; HUD Section 8 housing for residents aged 62+ or people with disabilities; Mobility‑accessible apartments and additional storage units
