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5-Unit Apartment Building

535 S 10Th Street, Burlington, IA 52601

For Sale
$225,000
Under Contract

Commercial Sale, Burlington, IA

Property SizeContact for details
Lot Size0.24 Acres
Days on Market39

Property Features for 535 S 10Th Street

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning Residential-Multi-Family
Basement Full, Storage Space
Subdivision BARRETS SUB
Directions From Division, South on S Central; East on Angular St - North on S 10th Street. Complex is on the West side of the street.
Standard status Active Under Contract
APN 16-05-401-028
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 15, 16N20' LT 17 BLK 968 BARRET SUB
Tax Annual Amount 2162
Legal Description 15, 16N20' LT 17 BLK 968 BARRET SUB

Utilities

Heating system Hot Water(Heating), Forced Air
Cooling system Window Unit(s)
Water source Public

Building Details

Year built 1870
Number of units 5
Building materials Stone, Vinyl Siding
Roof type Flat, Shingle
Listing Agency: Diamond Realty Inc
Listed By: Kristin Masden · License IA B66156000
Added: Oct 5 Changed: Oct 31 Last Checked: Nov 12 at 6:06AM
MLS# 6343414

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.

Rey
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Investment Insights

Based on property information with market context.

This Burlington apartment property contains five units: one studio, two one-bedroom apartments, and two two-bedroom apartments. Built in 1870, the building sits on a 0.24-acre lot and has stone and vinyl siding construction. Its roof includes flat and shingle sections. Heating includes forced air and hot water, with window-unit cooling.

The property is located at 535 S 10th Street in Burlington, Iowa. It has public water service and Residential-Multi-Family zoning.

Key Highlights

  • Five apartments: one studio, two 1‑bedroom units, and two 2‑bedroom units
  • Built in 1870 on a 0.24‑acre lot
  • Zoned Residential‑Multi‑Family

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

524
Businesses Nearby

Demographics for 52601, IA

27,899
Population
14,107
Households
2
Avg Household Size
43
Median Age
24%
College-Educated
94%
High-School Grad
109.3 sq mi
ZIP Area
255
Density / Sq Mi
$57,123
Median Household Income
$35,594
Median Earnings
$921
Median Rent
$125,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Residential-multifamily zoning supports the building’s five-unit rental configuration.
Where is this apartment building located?
The property is located at 535 S 10Th Street Burlington, IA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Five apartments: one studio, two 1‑bedroom units, and two 2‑bedroom units; Built in 1870 on a 0.24‑acre lot; Zoned Residential‑Multi‑Family
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