2-Unit Duplex with
For Sale
$249,000
2532-2534 6TH Avenue, Council Bluffs, IA 51501
MultiFamily, COUNCIL BLUFFS, IA
Property Size1,400 SF
Price / SF$177.86
Days on Market9
Property Features for 2532-2534 6TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Appliances
Refrigerator, Range, Dishwasher, Refrigerator, Range, Dishwasher
Elementary school
Edison
Middle school
Woodrow Wilson
High school
Thomas Jefferson
Directions
GPS
Subdivision
Area 2
Standard status
Active
APN
00003593602647000000
Size
1,400 SF
Taxes and HOA fees
Tax Description
WRIGHTS ADD LOTS 33 & 34 BLOCK 11
Legal Description
WRIGHTS ADD LOTS 33 & 34 BLOCK 11
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Building Details
Year built
1982
Number of units
2
Roof type
Composition
Listing Agency:
Realty One Group Sterling
(402) 934-0074
Listed By:
Wendy Sirian · License #S74336000
(402) 779-9468
Added: Sep 30
Last Checked: Oct 8 at 5:06AM
MLS# 26-2135
Copyright © 2026 Southwest Iowa Association of Realtors. 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 remodeled duplex contains two 2-bedroom, 1-bath residences, with 1,400 square feet of total building area. Each unit has its own entrance and one-car garage. The homes were built in 1982 and have composition roofing.
Interior and mechanical features include refrigerators, ranges, dishwashers, natural gas heating, and central air conditioning. The two-unit configuration offers distinct living spaces within one residential property.
Interior and mechanical features include refrigerators, ranges, dishwashers, natural gas heating, and central air conditioning. The two-unit configuration offers distinct living spaces within one residential property.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,400 square feet of building area
- A separate entrance and one‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,433
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,660
$228.7K
Cap Rate 7%
$163,329
$163.3K
Cap Rate 9%
$127,033
$127.0K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$17.6K $12.60/SF
− Vacancy
−$1.3K −$0.93/SF
EGI
$16.3K $11.67/SF
− OpEx
−$4.9K −$3.50/SF
NOI
$11.4K $8.17/SF
Area
Pottawattamie County, IA
Vacancy
7.41%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,660
Cap Rate 7%
$163,329
Cap Rate 9%
$127,033
Alternative Uses
Best Use
Multifamily LT 5
$163.3K
$142.9K – $190.6K
NOI $11,433 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$149.7K
$131.0K – $174.7K
NOI $10,479 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$267.4K
$234.0K – $311.9K
NOI $18,716 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Explore this area
Business Placement
Demographics for 51501, IA
34,906
Population
15,217
Households
2.3
Avg Household Size
38
Median Age
17%
College-Educated
86%
High-School Grad
23.9 sq mi
ZIP Area
1,461
Density / Sq Mi
$59,314
Median Household Income
$40,229
Median Earnings
$997
Median Rent
$140,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances and private garage space serve each residence.
Where is this duplex located?
The property is located at 2532-2534 6TH Avenue Council Bluffs, IA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,400 square feet of building area; A separate entrance and one‑car garage for each unit
