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11-Unit Apartment Building
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17 W 4th Street, Atlantic, IA 50022

Two-story multifamily property with a varied unit mix and ongoing apartment and hallway improvements.

Property SizeContact for details
Days on Market178

Property Features for 17 W 4th Street

General Information

Standard status Active
Total Parking Spaces 12
Property subtype Multifamily, Land
Zoning Residential-Multi-Family

Building Details

Year Built 1940
Units 11
Listing Agency: Audubon Real Estate
Listed By: Tracey Armentrout
Source: Crexi
Added: Mar 5 Changed: Aug 29 Last Checked: Aug 29 at 11:44PM

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 Audubon Real Estate

Investment Insights

Based on property information with market context.

This two-story apartment property contains 11 units, including 8 one-bedroom apartments, 2 two-bedroom apartments, and 1 three-bedroom apartment. Five units are occupied, while 3 are rent-ready and 3 are undergoing remodeling. Completed updates in vacant units include paint, flooring, and general maintenance work; hallway improvements include new paint and linoleum flooring. Each apartment has a refrigerator and stove. Heating varies by unit, with some apartments sharing heat and others using separate systems. There is no central air, and cooling is provided by window units in some apartments while other units rely on tenant-supplied equipment.

Built in 1940, the property is located at 17 W 4th Street in Atlantic, Iowa. The current unit status combines occupied apartments with units prepared for leasing and additional apartments still being renovated.

Key Highlights

  • 11‑unit apartment property with 8 one‑bedroom, 2 two‑bedroom, and 1 three‑bedroom units
  • 5 units occupied, 3 rent‑ready, and 3 undergoing remodeling
  • Updates include fresh paint, new flooring, and general maintenance in vacant units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Pharmacy Dental Office Bakery Cafe & Coffee Shop Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

482
Businesses Nearby

Demographics for 50022, IA

8,052
Population
4,097
Households
2
Avg Household Size
45
Median Age
25%
College-Educated
93%
High-School Grad
172.5 sq mi
ZIP Area
47
Density / Sq Mi
$61,347
Median Household Income
$38,680
Median Earnings
$763
Median Rent
$145,600
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 multifamily property with a varied unit mix and ongoing apartment and hallway improvements.
Where is this apartment building located?
The property is located at 17 W 4th Street Atlantic, IA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 11‑unit apartment property with 8 one‑bedroom, 2 two‑bedroom, and 1 three‑bedroom units; 5 units occupied, 3 rent‑ready, and 3 undergoing remodeling; Updates include fresh paint, new flooring, and general maintenance in vacant units
(712) 304-0157 Call to check price and availability
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