Well-Kept Boone Investment
For Sale
$225,000
316 Boone Street, Boone, IA 50036
MULTI_FAMILY - Boone, IA
Property Size3,269 SF
Lot Size0.25 Acres
Price / SF$68.83
Days on Market95
Property Features for 316 Boone Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Exterior features
Aluminum Siding
Basement
Full
Elementary school district
Boone
Middle school district
Boone
High school district
Boone
Subdivision
0006 - Boone
Standard status
Active
Size
3,269 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
LOT 8 BLOCK 140 SW NE
Tax Annual Amount
3804
Legal Description
LOT 8 BLOCK 140 SW NE
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Wall Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1890
Floors in Building
2
Number of units
5
Flooring type
Hardwood, Vinyl, Laminate
Listing Agency:
Friedrich Realty
(515) 232-6175
Listed By:
Patty Meese · License #S61772
(515) 232-6175
Added: May 12
Changed: Jul 25
Last Checked: Aug 14 at 7:06AM
MLS# 70170
Copyright © 2026 Central Iowa Board of Realtors, Inc. 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 well-maintained five-unit residential building is an investment property featuring several long-term tenants. The property includes oversized windows, leaded glass, and some hardwood floors. A spacious front porch enhances the building's appeal. The property is located close to downtown. Updates to the property include refreshes in some of the units, some new flooring, a partial roof replacement, and a new furnace. The property is located on a lot of 0.2479 acres. The building has 3269 square feet of space. The zoning is residential.
Key Highlights
- Investment property with long‑term tenants
- Close proximity to downtown
- Multiple updates including partial roof replacement and new furnace
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 50036, IA
16,203
Population
7,416
Households
2.2
Avg Household Size
43
Median Age
28%
College-Educated
96%
High-School Grad
191.7 sq mi
ZIP Area
85
Density / Sq Mi
$74,107
Median Household Income
$42,453
Median Earnings
$804
Median Rent
$172,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit residential building with long-term tenants and recent updates.
Where is this apartment building located?
The property is located at 316 Boone Street Boone, IA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Investment property with long‑term tenants; Close proximity to downtown; Multiple updates including partial roof replacement and new furnace
