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4-Unit Quadplex with Courtyard
For Sale
$235,000

18 S 5Th Street, Albia, IA 52531

Residential Income, Albia, IA

Property Size5,208 SF
Price / SF$45.12
Days on Market95

Property Features for 18 S 5Th Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Basement Finished
Directions Head E on Benton Ave, turn R onto 5th St--apartments are on the L.
Standard status Active
APN 210-0-03-018-000-000
Size 5,208 SF

Taxes and HOA fees

Tax Year 2024
Tax Description MOCKS 1ST ADD LOT 5 & W 10' LOT 6 BLOCK 4
Tax Annual Amount 2246
Legal Description MOCKS 1ST ADD LOT 5 & W 10' LOT 6 BLOCK 4

Utilities

Heating system Baseboard
Water source Public

Amenities

washer and dryer
off-street parking
shared courtyard
basketball hoop
picnic table

Building Details

Year built 1974
Floors in Building 2
Number of units 4
Building materials Brick, Stucco
Listing Agency: RE/MAX Pride Ottumwa
Listed By: Kayla McConnell
Added: Jun 5 Changed: Sep 7 Last Checked: Sep 7 at 6:06PM
MLS# 6339077

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 5,208-square-foot quadplex in Albia, Iowa, was built in 1974 and contains four residential units. The configuration includes two 3-bedroom, 1-bath apartments and two 2-bedroom, 1-bath apartments. Each unit has its own washer and dryer, while baseboard heating, brick and stucco construction, and public water serve the property.

The property is fully occupied and has a consistent rental history. Residents have access to off-street parking and a shared courtyard equipped with a basketball hoop and picnic table. Located at 18 S 5th Street in Albia, the building offers a four-unit residential income configuration with established occupancy and practical tenant amenities.

Key Highlights

  • Four‑unit property with 5,208 square feet
  • Unit mix includes two 3‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units
  • Fully occupied with consistent rental history

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Kitchen & Bath Showroom Hair Salon Nail Salon

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

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

329
Businesses Nearby

Demographics for 52531, IA

5,817
Population
2,724
Households
2.1
Avg Household Size
42
Median Age
21%
College-Educated
96%
High-School Grad
223.0 sq mi
ZIP Area
26
Density / Sq Mi
$74,081
Median Household Income
$48,953
Median Earnings
$741
Median Rent
$140,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Income-producing residential property with private laundry, off-street parking, and shared outdoor amenities.
Where is this quadplex located?
The property is located at 18 S 5Th Street Albia, IA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Four‑unit property with 5,208 square feet; Unit mix includes two 3‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units; Fully occupied with consistent rental history
More about this property
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