15-Unit Apartment
For Sale
$2,900,000
409 E 9th Street, Malvern, IA 51551
Residential Income, Malvern, IA
Property Size17 SF
Lot Size1.71 Acres
Price / SF$170,588
Days on Market363
Property Features for 409 E 9th Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
41
Bathrooms
24
Full bathrooms
24
Rooms
Bedroom 33, Bathroom 13, Bedroom 25, Bathroom 23, Bedroom 41, Bedroom 23, Bedroom 6, Bathroom 15, Bedroom 11, Bedroom 27, Bathroom 5, Bathroom 8, Bathroom 10, Bedroom 16, Bedroom 38, Bathroom 11, Bathroom 1, Bedroom 7, Bedroom 26, Bedroom 34, Bedroom 37, Bathroom 3, Bathroom 16, Bathroom 22, Bathroom 6, Bedroom 29, Bathroom 19, Bathroom 18, Bathroom 4, Bathroom 14, Bedroom 36, Bathroom 2, Bedroom 24, Bedroom 4, Bedroom 12, Bedroom 3, Bedroom 14, Bedroom 19, Bathroom 7, Bedroom 40, Bedroom 28, Bedroom 13, Bathroom 9, Bedroom 10, Bedroom 39, Bathroom 20, Bedroom 2, Bathroom 12, Bedroom 17, Bedroom 18, Bedroom 15, Bedroom 5, Bedroom 9, Bedroom 22, Bedroom 30, Bedroom 31, Bedroom 32, Bedroom 1, Bedroom 35, Bathroom 24, Bathroom 17, Bedroom 20, Bathroom 21, Bedroom 8, Bedroom 21
High school district
Malvern
Directions
Main Street, Malvern - east on 10th Street to the intersection of Lincoln and 10th. Building sits on the south side of the street.
Standard status
Active
Size
17 SF
Lot size
1.71 Acres
Building Details
Year built
1970
Listing Agency:
Jim Hughes Real Estate
Listed By:
Julie O'hara
(712) 527-3114
Added: Oct 17, 2025
Changed: Oct 14
Last Checked: Oct 14 at 9:06PM
MLS# 11592465
Copyright © 2026 My State MLS. 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 15-unit apartment property, built in 1970, occupies a 1.71-acre parcel in Malvern. Individual units feature custom trim and crown molding, updated kitchens and bathrooms, and glass-tile backsplashes. Each residence has its own HVAC system, breaker box, and on-demand water heater.
Electrical, plumbing, roofing, and outdoor improvements were completed in 2024. Landscaping is also part of the property’s exterior improvements.
Electrical, plumbing, roofing, and outdoor improvements were completed in 2024. Landscaping is also part of the property’s exterior improvements.
Key Highlights
- 15‑unit multifamily property
- 1.71‑acre parcel in Malvern, Iowa
- Electrical, plumbing, roof, and exterior improvements completed in 2024
Property Analytics
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Current Use
Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Explore this area
Business Placement
Demographics for 51551, IA
1,783
Population
757
Households
2.4
Avg Household Size
41
Median Age
29%
College-Educated
94%
High-School Grad
81.9 sq mi
ZIP Area
22
Density / Sq Mi
$82,218
Median Household Income
$45,625
Median Earnings
$867
Median Rent
$184,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Separate HVAC, electrical panels, and on-demand water heaters serve the individual residences.
Where is this apartment building located?
The property is located at 409 E 9th Street Malvern, IA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 15‑unit multifamily property; 1.71‑acre parcel in Malvern, Iowa; Electrical, plumbing, roof, and exterior improvements completed in 2024
