Building Details

Year built 1941

Number of units 5

Building materials Brick

Listing Agency: Fah Realty Group Show Phone

Listed By: Jeff Fah Show Phone

Added: Aug 1 Changed: Aug 2 Last Checked: Aug 8 at 1:06PM

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MLS# 6341109

Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This five-unit, two-story brick apartment building was built in 1941 and totals 2,688 above-ground level square feet. The layout includes five one-bedroom, one-bathroom units across two levels, with two units on each above-ground floor plus one basement-level unit. Tenants have access via front or rear entrances.

Four-stall parking is provided in a detached garage, and the property is heated with oil. Water service is public. The building sits on a 0.15-acre lot at 1410 7th Street in Harlan, IA (Shelby County).

Key Highlights

• Five one‑bedroom, one‑bath units across two levels plus one basement‑level unit
• Four of 5 units currently occupied
• 2,688 total above‑ground level square feet

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency HVAC Service Skin Care Clinic (Bike/Boat/Book/etc) Store Dental Office Computer & Electronic Repair

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

5

Residential units

Location Intelligence

Trade Area within ½ mile

542

Businesses Nearby

Explore this area Business Placement

Demographics for 51537, IA

6,509

Population

2,893

Households

2.2

Avg Household Size

46

Median Age

24%

College-Educated

94%

High-School Grad

163.8 sq mi

ZIP Area

40

Density / Sq Mi

$62,353

Median Household Income

$40,585

Median Earnings

$854

Median Rent

$161,800

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-story brick building with five one-bedroom units, oil heat, and a detached four-stall garage.

Where is this apartment building located?

The property is located at 1410 7th Street Harlan, IA.

What is the asking price?

The asking price for this property is $210,000.

What are key features of this property?

This property features: Five one‑bedroom, one‑bath units across two levels plus one basement‑level unit; Four of 5 units currently occupied; 2,688 total above‑ground level square feet