Six-Unit Apartment
New
For Sale
Contact for pricing
2018 Otley Avenue, Perry, IA 50220
Newly constructed duplex-style residences are fully occupied and include attached two-car garages.
Property SizeContact for details
Lot Size0.82 Acres
Days on Market3
Property Features for 2018 Otley Avenue
General Information
Standard status
Active
Lot size
0.82 Acres
Property subtype
Multifamily
Occupancy
100%
Financials
Asking Price
$1,319,000
Average Monthly Rent
$1,587
Units
Unit Mix
6 x 3BR/2.5BA
Multifamily Units
6
Additional Details
Highway Access
Yes
Building Details
Year Built
2024
Buildings
3
Stories
2
Listed By:
Ray Hamilton
(515) 415-6111
Source:
Cbre
Added: Sep 20
Last Checked: Sep 21 at 5:35AM
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 Ray Hamilton
Investment Insights
Based on property information with market context.
Completed in 2024, this six-unit apartment property comprises three duplex buildings with two-story layouts. Every residence offers three bedrooms and two-and-one-half bathrooms, with an average unit size of 1,468 square feet and an attached two-car garage. The property is 100% occupied and includes six separately parceled units across 0.82 acres.
The community is located in Perry, Iowa, approximately 30 miles northwest of the Des Moines Metro. Highway 141 provides access to the Des Moines MSA, while Perry serves surrounding communities as a regional center. The property also benefits from a 10-year tax abatement through assessment year 2035, with the abatement stepping down beginning in 2031.
The community is located in Perry, Iowa, approximately 30 miles northwest of the Des Moines Metro. Highway 141 provides access to the Des Moines MSA, while Perry serves surrounding communities as a regional center. The property also benefits from a 10-year tax abatement through assessment year 2035, with the abatement stepping down beginning in 2031.
Key Highlights
- Six units configured as 3 duplex buildings
- All units are 3BR/2.5BA with an average size of 1,468 square feet
- Completed in 2024
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 50220, IA
9,045
Population
3,925
Households
2.3
Avg Household Size
37
Median Age
17%
College-Educated
87%
High-School Grad
100.5 sq mi
ZIP Area
90
Density / Sq Mi
$68,750
Median Household Income
$38,195
Median Earnings
$883
Median Rent
$146,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Newly constructed duplex-style residences are fully occupied and include attached two-car garages.
Where is this apartment building located?
The property is located at 2018 Otley Avenue Perry, IA.
What are key features of this property?
This property features: Six units configured as 3 duplex buildings; All units are 3BR/2.5BA with an average size of 1,468 square feet; Completed in 2024
