Listing Agency: Marcus & Millichap - Minneapolis

Listed By: Matthew Shide · License #IA: S68565000 / MN: 40588965

Source: Crexi

Added: Apr 12 Changed: Aug 8 Last Checked: Jul 21 at 6:53PM

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Investment Insights

Based on property information with market context.

This six-property multifamily portfolio totals 29 apartment units and includes buildings constructed in 1972, 1974, 1975, 1978, and 1985. Across the Coon Rapids and Kimballton locations, the mix includes one-bedroom/one-bath units and two-bedroom/one-bath units, with unit sizes estimated between roughly 500 and 700 square feet. The offering also notes that units have been well maintained with updates as needed during turnovers.

Amenities include on-site laundry, patios, and off-street parking. The Coon Rapids properties are located along the Middle Raccoon River, and the listing identifies the specific addresses for each building within the portfolio.

The portfolio includes five units at 101–103 Elm Street and four units at 217 Bridge Street in Coon Rapids; additional Coon Rapids buildings include 410 3rd Avenue (six units) and 307 1st Avenue (five units). In Kimballton, the portfolio includes 206 W Esbeck Street with nine units.

Key Highlights

• Six‑property apartment portfolio totaling 29 units across Coon Rapids and Kimballton, Iowa, offered free‑and‑clear
• Coon Rapids Apartments on four sites (1.91‑acre total) include 17 1BR/1BA units (~600 SF) and 3 2BR/1BA units (~700 SF)
• Kimballton Apartments include 7 1BR/1BA units (~500 SF) and 2 2BR/1BA units (~600 SF)

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply HVAC Service Big Box & Wholesale Store Law Firm Nail Salon 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

29

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

141

Businesses Nearby

Explore this area Business Placement

Demographics for 50058, IA

1,897

Population

860

Households

2.2

Avg Household Size

44

Median Age

18%

College-Educated

91%

High-School Grad

139.3 sq mi

ZIP Area

14

Density / Sq Mi

$72,750

Median Household Income

$42,600

Median Earnings

$723

Median Rent

$147,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Six apartment properties provide 29 units with on-site laundry, patios, and off-street parking.

Where is this apartment building located?

The property is located at 217 Bridge St Coon Rapids, IA.

What are key features of this property?

This property features: Six‑property apartment portfolio totaling 29 units across Coon Rapids and Kimballton, Iowa, offered free‑and‑clear; Coon Rapids Apartments on four sites (1.91‑acre total) include 17 1BR/1BA units (~600 SF) and 3 2BR/1BA units (~700 SF); Kimballton Apartments include 7 1BR/1BA units (~500 SF) and 2 2BR/1BA units (~600 SF)