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5-Unit Apartment Property
For Sale
$295,000

414 418-420 422 N Willow, Paullina, IA 51046

Multi-Unit, Paullina, IA

Property Size1,125 SF
Lot Size0.77 Acres
Price / SF$262.22
Days on Market8

Property Features for 414 418-420 422 N Willow

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Res
Bedrooms 9
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 6, Bedroom 7, Bedroom 3, Bathroom 4, Bathroom 1, Bedroom 8, Bathroom 5, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 9, Bedroom 1
Lot features Level Lot
Elementary school Primghar
Middle school Primghar
High school Paullina
Subdivision Surrounding Areas/Other Areas
Standard status Active
APN 171800,171825,171850
Size 1,125 SF
Lot size 0.77 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 414 Parcel: METCALF'S FIRST ADD S 20' OF LOT 2 AND N 40' OF LOT 3 BLK 9. 418- 420 Parcel: METCALF'S FIRST ADD LOT 2 EXC N 115' AND EXC S 20' 422- 424 Parcel: METCALF'S FIRST ADD N 115' OF LOT 2 BLOCK 9
Tax Annual Amount 2916
Legal Description 414 Parcel: METCALF'S FIRST ADD S 20' OF LOT 2 AND N 40' OF LOT 3 BLK 9. 418- 420 Parcel: METCALF'S FIRST ADD LOT 2 EXC N 115' AND EXC S 20' 422- 424 Parcel: METCALF'S FIRST ADD N 115' OF LOT 2 BLOCK 9

Utilities

Heating system Baseboard

Building Details

Year built 1975
Number of units 5
Listing Agency: Northwest Realty
Listed By: Dean Fjeld
Added: Oct 16 Changed: Oct 21 Last Checked: Oct 23 at 2:06PM
MLS# 835022

Copyright © 2026 Northwest Iowa Regional Board 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.

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Investment Insights

Based on property information with market context.

This residential property contains five apartments in three buildings, with a mix of one-, two-, and three-bedroom layouts. Each apartment has one full bathroom. The buildings date to 1975 and sit on a 0.77-acre parcel.

Seven garage units are available on the property; two are vacant. Four garages have updated doors and automatic openers. Tenants pay their own utilities.

Key Highlights

  • Five apartments in three separate buildings
  • Apartment mix includes two one‑bedroom, two two‑bedroom, and one three‑bedroom unit; each has one full bathroom
  • Seven garage units, with two vacant

Property Analytics

Lease Details

5
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

116
Businesses Nearby

Demographics for 51046, IA

1,497
Population
825
Households
1.8
Avg Household Size
45
Median Age
21%
College-Educated
95%
High-School Grad
93.3 sq mi
ZIP Area
16
Density / Sq Mi
$81,389
Median Household Income
$44,958
Median Earnings
$804
Median Rent
$161,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Three separate buildings provide a mix of one-, two-, and three-bedroom residences, with garage units also on site.
Where is this apartment building located?
The property is located at 414 418-420 422 N Willow Paullina, IA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Five apartments in three separate buildings; Apartment mix includes two one‑bedroom, two two‑bedroom, and one three‑bedroom unit; each has one full bathroom; Seven garage units, with two vacant
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