24-Unit Apartment
New
For Sale
$2,000,000
325 West 18th Street, Washington, IA 52353
Residents have in-unit laundry, central air, private outdoor space, and secure building access.
Property Size34,704 SF
Lot Size2.61 Acres
Price / SF$57.63
Days on Market2
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Property Features for 325 West 18th Street
General Information
Standard status
Active
Size
34,704 SF
Net Rentable
34,704 SF
Lot size
2.61 Acres
Property subtype
Multifamily
Occupancy
100%
Financials
Asking Price
$2,000,000
Average Monthly Rent
$834
Units
Unit Mix
24 x 2BR/1BA
Multifamily Units
24
Additional Details
Highway Access
Yes
Amenities
in-unit washer and dryer
central air
private patios/balconies
individual garages
secure building access
Building Details
Year Built
2006
Stories
3
Listed By:
Ray Hamilton
(515) 415-6111
Source:
Cbre
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:31AM
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 Ray Hamilton
Investment Insights
Based on property information with market context.
This three-story apartment property contains 24 two-bedroom, one-bathroom units, averaging 837 square feet each. Completed in 2006, the buildings include in-unit washers and dryers, central air, private patios or balconies, individual garages, and secure entry. New roofs were installed in 2023. The property totals 34,704 rentable square feet across 2.61 acres and includes 24 garages plus surface parking.
Located in Washington, Iowa, the community is near the junction of Highways 1 and 92 and approximately 30 miles from Iowa City. The surrounding employer base includes Modine Manufacturing and Syngenta, with Riverside Casino & Golf Resort and the University of Iowa Hospital also identified in the area.
Located in Washington, Iowa, the community is near the junction of Highways 1 and 92 and approximately 30 miles from Iowa City. The surrounding employer base includes Modine Manufacturing and Syngenta, with Riverside Casino & Golf Resort and the University of Iowa Hospital also identified in the area.
Key Highlights
- 24 apartments, all with two bedrooms and one bathroom
- 34,704 rentable square feet; average unit size is 837 SF
- Built in 2006; new roofs completed in 2023
Property Analytics
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Current Use
Lease Details
24
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
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Business Placement
Demographics for 52353, IA
9,416
Population
3,995
Households
2.4
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
157.4 sq mi
ZIP Area
60
Density / Sq Mi
$63,232
Median Household Income
$36,062
Median Earnings
$912
Median Rent
$155,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have in-unit laundry, central air, private outdoor space, and secure building access.
Where is this apartment building located?
The property is located at 325 West 18th Street Washington, IA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 24 apartments, all with two bedrooms and one bathroom; 34,704 rentable square feet; average unit size is 837 SF; Built in 2006; new roofs completed in 2023
