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5-Unit Apartment Building
For Sale
$185,000

601 N Jackson Street, Charles City, IA 50616

Fully leased multifamily property with varied apartment layouts, updated exterior components, and off-street parking.

Property Size3,333 SF
Price / SF$55.51
Days on Market220

Property Features for 601 N Jackson Street

General Information

Standard status Active
Size 3,333 SF
Property subtype Multi-Family
Zoning R-3

Taxes and HOA fees

Annual Taxes $2,014

Amenities

Brick/Mortar,Entrance-Inside,Floor Drain,Stone/Rock
Dryer Hookup-Gas,Washer Hookup
1523
Corner Lot,Level
Public
77x123
0.217
Gravel,On Street,Parking Pad,None
Hard Surface Road

Building Details

Year Built 1900
Stories 2
Listing Agency: Blank & McCune Real Estate
Listed By: Ryan Eighme
Source: Pinnaclerealtyia
Added: Feb 4 Changed: Sep 11 Last Checked: Sep 11 at 6:26AM

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 Blank & McCune Real Estate

Investment Insights

Based on property information with market context.

This 1900 apartment building contains five units across two principal levels and a finished walk-up attic. The unit mix includes a two-bedroom apartment, an efficiency, two one-bedroom apartments, and an additional one-bedroom attic unit. A dry basement provides access to mechanical systems and utilities. The property is fully leased and includes gravel off-street parking along with available on-street parking.

Improvements include siding installed in 2015, a metal roof added in 2020, and replacement of most windows during 2020–2021. The building is located at 601 N Jackson St in Charles City, Iowa, just blocks from downtown shopping, entertainment, parks, and churches.

Key Highlights

  • Five apartments: one 2‑bedroom, one efficiency, and three 1‑bedroom units
  • Fully leased apartment property at 601 N Jackson St, Charles City, IA 50616
  • Finished walk‑up attic configured as a 1‑bedroom apartment

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store Bakery Gym & Fitness Center Carpet & Flooring Store Catering Service Home Appliance Store

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

447
Businesses Nearby

Demographics for 50616, IA

10,009
Population
4,590
Households
2.2
Avg Household Size
43
Median Age
19%
College-Educated
95%
High-School Grad
176.2 sq mi
ZIP Area
57
Density / Sq Mi
$63,226
Median Household Income
$36,738
Median Earnings
$628
Median Rent
$135,000
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully leased multifamily property with varied apartment layouts, updated exterior components, and off-street parking.
Where is this apartment building located?
The property is located at 601 N Jackson Street Charles City, IA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Five apartments: one 2‑bedroom, one efficiency, and three 1‑bedroom units; Fully leased apartment property at 601 N Jackson St, Charles City, IA 50616; Finished walk‑up attic configured as a 1‑bedroom apartment
More about this property
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