Building Details

Year Built 1984

Buildings 1

Units 8

Construction Brick / Vinyl Siding

Listing Agency: Creston Realty d***@crestonrealtyllc.com Show Phone

Listed By: Dino Groumoutis · License #IA B41731000

Source: Crexi

Added: Jul 28 Changed: Aug 3 Last Checked: Aug 5 at 6:45AM

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Investment Insights

Based on property information with market context.

Built in 1984, this multifamily property contains eight apartments arranged across upper-level and garden-level spaces. The unit mix includes four two-bedroom, one-bath apartments and four one-bedroom, one-bath apartments. Covered exterior access serves the upper units, while the building features brick and vinyl siding. Each apartment has electric baseboard heat and a window air conditioner. Water and trash removal are included, and coin-operated laundry equipment is available on site.

The property includes 12 open parking spaces and green space. Exterior improvements completed in 2025 include a new roof, siding, gutters, and soffits. The property is zoned Residential-Multi-Family.

Key Highlights

• Eight apartments with a balanced mix of four two‑bedroom and four one‑bedroom units
• 12 open parking spaces plus green space
• 2025 improvements include new roof, siding, gutters, and soffits

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Real Estate Agency HVAC Service Grocery & Convenience Store Bakery Furniture & Home Goods

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

8

Residential units

Location Intelligence

Trade Area within ½ mile

167

Businesses Nearby

Explore this area Business Placement

Demographics for 50854, IA

2,223

Population

1,070

Households

2.1

Avg Household Size

45

Median Age

26%

College-Educated

95%

High-School Grad

138.9 sq mi

ZIP Area

16

Density / Sq Mi

$69,352

Median Household Income

$41,122

Median Earnings

$712

Median Rent

$151,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property with covered access, on-site laundry, and recently renewed exterior components.

Where is this apartment building located?

The property is located at 501 N Taylor Street Mount Ayr, IA.

What is the asking price?

The asking price for this property is $559,000.

What are key features of this property?

This property features: Eight apartments with a balanced mix of four two‑bedroom and four one‑bedroom units; 12 open parking spaces plus green space; 2025 improvements include new roof, siding, gutters, and soffits