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Five-Unit Apartment Building
For Sale
$129,500

205 W 5Th Street, Vinton, IA 52349

Commercial Sale, Vinton, IA

Property SizeContact for details
Lot Size0.12 Acres
Days on Market86

Property Features for 205 W 5Th Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Residential-Multi-Family
Basement Partial
Appliances Range, Refrigerator
Subdivision BECKETTS
Directions One block South of Main St (4th St.) between A ave. & B ave. in Vinton IA or Vinton is located approx. 32 miles NW of Cedar Rapids IA, or approx. 33 miles SE of Waterloo IA
Standard status Active
APN 240039400
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description BECKETTS ADD W 2/3 LOT 7 BLK 17
Tax Annual Amount 1392
Legal Description BECKETTS ADD W 2/3 LOT 7 BLK 17

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1900
Number of units 5
Flooring type Wood, Vinyl, Carpet
Building materials Frame, Slate
Roof type Rubber, Shingle
Architectural style Other
Listing Agency: Wrage Realty
Listed By: David Wrage · License #***
Added: Jul 16 Changed: Oct 8 Last Checked: Oct 9 at 9:06PM
MLS# 6340467

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 five-unit apartment property includes three one-bedroom residences and two efficiency units. The building has received recent updates, including mostly newer windows, and features forced-air heating. Interior finishes include wood, carpet, and vinyl flooring, while range and refrigerator appliances are provided. Frame construction is complemented by shingle and rubber roofing.

The property occupies 0.12 acres near downtown Vinton and includes dedicated off-street parking. Public water service and Residential-Multi-Family zoning support its existing apartment configuration. Built in 1900, the building offers a defined unit mix within an established residential setting.

Key Highlights

  • Five‑unit apartment building with 3 one‑bedroom units and 2 efficiency units
  • Recent updates and mostly newer windows
  • Dedicated off‑street parking

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service Kitchen & Bath Showroom Parking Lot & Garage Furniture & Home Goods

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

424
Businesses Nearby

Demographics for 52349, IA

7,405
Population
3,548
Households
2.1
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
149.6 sq mi
ZIP Area
49
Density / Sq Mi
$71,537
Median Household Income
$53,000
Median Earnings
$838
Median Rent
$173,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Updated rental property with dedicated off-street parking and a mix of one-bedroom and efficiency residences.
Where is this apartment building located?
The property is located at 205 W 5Th Street Vinton, IA.
What is the asking price?
The asking price for this property is $129,500.
What are key features of this property?
This property features: Five‑unit apartment building with 3 one‑bedroom units and 2 efficiency units; Recent updates and mostly newer windows; Dedicated off‑street parking
More about this property
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