Building Details

Buildings 3

Listing Agency: Ferguson Commercial Real Estate Services m***@fergusoncres.com Show Phone

Listed By: Mitch Phillips · License #IA S64684000

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 3:11AM

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Investment Insights

Based on property information with market context.

This apartment property comprises 3 separate buildings with 20 total units, all configured as two-bedroom residences. The site also includes 18 garage stalls, providing dedicated parking associated with the apartments.

Since the current ownership acquired the property in 2015, renovations have been completed in almost all units. The improvement program includes new roofs, windows, appliances, foundation work, wiring, and plumbing. The property is located at 161 Prestien Dr in Denver, Iowa.

Key Highlights

• 20 total apartment units across 3 separate buildings
• All units are configured as two‑bedroom apartments
• 18 garage stalls included with the property

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office HVAC Service Auto Parts Store Real Estate Agency Big Box & Wholesale Store (Bike/Boat/Book/etc) 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

20

Residential units

Location Intelligence

Trade Area within ½ mile

178

Businesses Nearby

Explore this area Business Placement

Demographics for 50622, IA

3,452

Population

1,340

Households

2.6

Avg Household Size

41

Median Age

50%

College-Educated

99%

High-School Grad

25.7 sq mi

ZIP Area

134

Density / Sq Mi

$95,703

Median Household Income

$52,484

Median Earnings

$825

Median Rent

$246,300

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 - Multiple buildings offer updated two-bedroom residences with garage parking.

Where is this apartment building located?

The property is located at 161 Prestien Dr Denver, IA.

What are key features of this property?

This property features: 20 total apartment units across 3 separate buildings; All units are configured as two‑bedroom apartments; 18 garage stalls included with the property