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Updated Apartment Building with Flexible Basement
New
For Sale
$399,000

17 W 4Th Street, Atlantic, IA 50022

Commercial Sale, Atlantic, IA

Property SizeContact for details
Lot Size0.13 Acres
Days on Market2

Property Features for 17 W 4Th Street

General Information

Property type Commercial Sale
Property subtype Apartment
Parking features On Street
Subdivision ORIGINAL TOWN - ATLANTIC
Directions from Highway 6 turn north onto Chestnut Street, turn west on 4th street. Building is on the south side of the street.
Standard status Active
APN 303005357001000
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description E 70' N 15' LOT 20 & M 1/3 L21-22-23-24 BLK 28
Tax Annual Amount 6652
Legal Description E 70' N 15' LOT 20 & M 1/3 L21-22-23-24 BLK 28

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1940
Number of units 11
Building materials Brick
Listing Agency: Atlantic Home Realty
Listed By: Tiffany South
Added: Sep 1 Last Checked: Sep 2 at 6:06AM
MLS# 6342246

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 brick apartment property at 17 W 4th Street includes multiple residential units and a basement area that is currently open for future use. The building has received several improvements, including a roof installed within the last 5 years, updated electrical breakers, refreshed finishes in most apartments, selected flooring and appliance replacements, hallway paint and carpet, and multiple new entry doors.

Three apartments were remodeled and reconfigured into two 2-bedroom units and one 3-bedroom unit. Utilities are separately metered to each renter. The basement was previously operated as a retail storefront and may accommodate commercial, rental, storage, or office use, subject to required approvals. The property is near Main Street in Atlantic, with access to downtown shopping, dining, and other community amenities. Forced-air heating, public water, and on-street parking are provided.

Key Highlights

  • Three remodeled apartments reconfigured into two 2‑bedroom units and one 3‑bedroom unit
  • Roof replaced within the last 5 years
  • Utilities are separated to each renter

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.

Lease Details

Yes
Utilities to site

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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick construction, separated utilities, and recent improvements support ongoing residential use.
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 $399,000.
What are key features of this property?
This property features: Three remodeled apartments reconfigured into two 2‑bedroom units and one 3‑bedroom unit; Roof replaced within the last 5 years; Utilities are separated to each renter
More about this property
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