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Renovated Multifamily Property
For Sale
Contact for pricing
Pending

600 1st Avenue, Council Bluffs, IA 51501

Two buildings share a lot with common parking and updated unit interiors featuring contemporary kitchen finishes.

Property SizeContact for details
Days on Market144

Property Features for 600 1st Avenue

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Public Transit Yes

Building Details

Buildings 2
Listing Agency: Heartland Properties, Inc.
Listed By: Mark Hanwright · License #IA B61001000
Source: Crexi
Added: Apr 12 Changed: Sep 2 Last Checked: Aug 31 at 1:24AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Heartland Properties, Inc.

Investment Insights

Based on property information with market context.

The property at 600 1st Avenue comprises two multifamily buildings positioned on one lot with shared parking. Capital improvements include EverSeal roofing backed by a 50year transferrable warranty, 12 new central air units, a new asphalt parking lot, and interior renovations. Most residences have undergone substantial remodeling, with updated kitchens incorporating LVT flooring and granite countertops while retaining select older architectural character.

Directly across from Bayliss Park in Council Bluffs’ Haymarket District, the property places residents near downtown restaurants, entertainment, and public transportation. Bayliss Park also hosts seasonal farmer’s markets, movies, music, and other community events.

Key Highlights

  • Two multifamily buildings on one lot with common parking
  • EverSeal roofing with 50year transferrable warranty
  • 12 new central air units

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Hair Salon Electrical Service HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,324
Businesses Nearby

Demographics for 51501, IA

34,906
Population
15,217
Households
2.3
Avg Household Size
38
Median Age
17%
College-Educated
86%
High-School Grad
23.9 sq mi
ZIP Area
1,461
Density / Sq Mi
$59,314
Median Household Income
$40,229
Median Earnings
$997
Median Rent
$140,400
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?
Multifamily property - Two buildings share a lot with common parking and updated unit interiors featuring contemporary kitchen finishes.
Where is this multifamily property located?
The property is located at 600 1st Avenue Council Bluffs, IA.
What are key features of this property?
This property features: Two multifamily buildings on one lot with common parking; EverSeal roofing with 50year transferrable warranty; 12 new central air units
(712) 325-0445 Call to check price and availability
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