Eight-Unit Apartment
For Sale
$559,000
501 N Taylor Street, Mount Ayr, IA 50854
Commercial Sale, Mount Ayr, IA
Property SizeContact for details
Lot Size0.23 Acres
Days on Market82
Property Features for 501 N Taylor Street
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning
Residential-Multi-Family
Appliances
Cooktop, Microwave, Refrigerator
Directions
from US -169 head west on E Columbus st. then right on Taylor st
Standard status
Active
APN
006381
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 136 M & A ADD
Tax Annual Amount
4572
Legal Description
LOT 136 M & A ADD
Utilities
Heating system
Baseboard
Cooling system
Window Unit(s)
Water source
Public
Amenities
covered entrance
green space
coin-op laundry
window air conditioner
Building Details
Year built
1984
Number of units
8
Building materials
Brick, Vinyl Siding
Roof type
Shingle
Listing Agency:
Creston Realty
(641) 278-1484
Listed By:
Dino Groumoutis · License #B41731000
(641) 202-0156
Added: Jul 28
Changed: Oct 8
Last Checked: Oct 17 at 8:06PM
MLS# 6340876
Copyright © 2026 NoCoast MLS. 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
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Built in 1984, this eight-unit apartment property in Mount Ayr includes four two-bedroom, one-bath units and four one-bedroom, one-bath units. The building has a brick and vinyl siding exterior, garden-level apartments, and a covered entrance serving the upper-level units. Each apartment is equipped with electric baseboard heat and a window air-conditioning unit. A coin-operated laundry facility is located on site, and water and trash removal are included.
The property occupies 0.23 acres and provides 12 open parking spaces along with green space. Exterior improvements completed in 2025 include a new roof, siding, gutters, and soffits. Public water service is available, and the roof is shingle construction.
The property occupies 0.23 acres and provides 12 open parking spaces along with green space. Exterior improvements completed in 2025 include a new roof, siding, gutters, and soffits. Public water service is available, and the roof is shingle construction.
Key Highlights
- Eight apartments: four two‑bedroom/one‑bath units and four one‑bedroom/one‑bath units
- 12 open parking spaces with additional green space on a 0.23‑acre lot
- New roof, siding, gutters, and soffits completed in 2025
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with covered access, on-site laundry, open parking, and updated 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: four two‑bedroom/one‑bath units and four one‑bedroom/one‑bath units; 12 open parking spaces with additional green space on a 0.23‑acre lot; New roof, siding, gutters, and soffits completed in 2025
