8-Unit Apartment
For Sale
Contact for pricing
210 W 8th Street, Woodward, IA 50276
Well-maintained multifamily property with furnished appliances, separate utilities, and on-site coin-operated laundry.
Property Size5,070 SF
Price / SF$131.95
Days on Market189
Property Features for 210 W 8th Street
General Information
Standard status
Active
Size
5,070 SF
Class
C
Property subtype
Multifamily
Zoning
M - Residential (MR R3+)
Occupancy
87%
Investment Type
Value Add
Net Operating Income
$45,694
Units
Unit Mix
8 x 2BR
Multifamily Units
8
Additional Details
Utilities to Site
Yes
Amenities
coin-op laundry
Building Details
Year Built
1965
Year Renovated
1998
Buildings
1
Stories
2
Units
8
Tenancy
Multi
Listing Agency:
Stanbrough Realty
Listed By:
Joseph Bergman
Source:
Crexi
Added: Apr 12
Changed: Oct 11
Last Checked: Oct 16 at 9:43AM
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 Stanbrough Realty
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Investment Insights
Based on property information with market context.
This multifamily property contains 8 two-bedroom apartments, with one unit currently vacant. The building has been maintained through ongoing repairs and unit updates, and appliances are included in each apartment. Separate utility service serves the units, while the owner pays for common water and hot water. A coin-operated laundry area provides an additional on-site amenity. The hot water equipment has been recently updated for improved efficiency.
Located at 210 W 8th Street in Woodward, IA, the property is positioned in a quiet town setting with proximity to the city. The available apartment offers flexibility for occupancy or on-site management, as supported by the existing layout.
Located at 210 W 8th Street in Woodward, IA, the property is positioned in a quiet town setting with proximity to the city. The available apartment offers flexibility for occupancy or on-site management, as supported by the existing layout.
Key Highlights
- 8 two‑bedroom apartment units
- One unit currently vacant
- Separate utilities for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,554
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,080
$851.1K
Cap Rate 7%
$607,914
$607.9K
Cap Rate 9%
$472,822
$472.8K
Market Conditions
NOI Build-Up for 5,070 SF
Gross rent
$82.1K $16.20/SF
− Vacancy
−$4.8K −$0.94/SF
EGI
$77.4K $15.26/SF
− OpEx
−$34.8K −$6.87/SF
NOI
$42.6K $8.39/SF
Area
Dallas County, IA
Vacancy
5.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,080
Cap Rate 7%
$607,914
Cap Rate 9%
$472,822
Alternative Uses
Best Use
Apartment 5plus
$607.9K
$531.9K – $709.2K
NOI $42,554 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$4.88M
$4.27M – $5.69M
NOI $341,637 @ 7.0% cap · market cap 51.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
8
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 50276, IA
2,454
Population
899
Households
2.7
Avg Household Size
40
Median Age
17%
College-Educated
97%
High-School Grad
82.4 sq mi
ZIP Area
30
Density / Sq Mi
$92,682
Median Household Income
$39,186
Median Earnings
$484
Median Rent
$243,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained multifamily property with furnished appliances, separate utilities, and on-site coin-operated laundry.
Where is this apartment building located?
The property is located at 210 W 8th Street Woodward, IA.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: 8 two‑bedroom apartment units; One unit currently vacant; Separate utilities for each apartment
