Building Details

Year Built 1940

Listing Agency: Miehe Commercial Real Estate Show Phone

Listed By: Michael Fain

Source: Kwlegacyrealty

Added: Aug 15 Changed: Aug 16 Last Checked: Aug 16 at 3:07AM

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Investment Insights

Based on property information with market context.

This multifamily property includes three residential units totaling 2589 SF. Built in 1940, the property has received recent updates and is currently fully rented. The asset is located at 400 S Frederick in Oelwein, Iowa 50662, providing a compact residential rental configuration for buyers seeking an occupied multifamily property.

Key Highlights

• Three‑unit multifamily rental property
• 2589 SF total property size
• Currently fully rented

Property Analytics

Property Profile

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Pharmacy Building Supply Electrical Service

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

3

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

115

Businesses Nearby

Explore this area Business Placement

Demographics for 50662, IA

6,693

Population

3,260

Households

2.1

Avg Household Size

44

Median Age

16%

College-Educated

92%

High-School Grad

70.4 sq mi

ZIP Area

95

Density / Sq Mi

$49,145

Median Household Income

$37,378

Median Earnings

$760

Median Rent

$108,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Fully rented three-unit property with recent updates and a 1940 construction date.

Where is this triplex located?

The property is located at 400 S Frederick Oelwein, IA.

What is the asking price?

The asking price for this property is $165,000.

What are key features of this property?

This property features: Three‑unit multifamily rental property; 2589 SF total property size; Currently fully rented