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14-Unit Renovated Apartment Building
For Sale
$600,000

807 3rd Street, Durant, IA 52747

Commercial Sale, Durant, IA

Property Size7,644 SF
Lot Size0.66 Acres
Price / SF$78.49
Days on Market224

Property Features for 807 3rd Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning COMMR
Bedrooms 14
Bathrooms 14
Full bathrooms 14
Rooms Bedroom 4, Bathroom 11, Bathroom 4, Bedroom 13, Bedroom 14, Bathroom 10, Bathroom 12, Bathroom 8, Bathroom 14, Bedroom 2, Bathroom 7, Bathroom 3, Bedroom 7, Bedroom 3, Bathroom 6, Bedroom 10, Bathroom 5, Bathroom 9, Bedroom 1, Bathroom 13, Bedroom 5, Bedroom 9, Bedroom 12, Bedroom 11, Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 8
Directions 5th street to 8th street south. Turn east on 3rd street. Corner of 3rd & 9th.
Subdivision Out of Area South
Standard status Active
APN 040016364640050
Lot size 0.66 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 10346

Amenities

community dining room
large shared living room
activity and recreation space
reading area
four-season room
fitness equipment
business center access
community laundry facilities
resident refrigerator storage
landscaped grounds
garden area
on-street parking
building-wide Wi-Fi

Building Details

Year built 1982
Floors in Building 3
Number of units 14
Listing Agency: MR. LANDMAN
Listed By: Jon Fisher · License #RB18000549
Added: Jan 13 Changed: Aug 21 Last Checked: Aug 25 at 1:06PM
MLS# 12546817

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Renovated in 2025, this three-level apartment building includes 14 units: 13 studios and one two-bedroom apartment on the lower level. The property is currently 100% vacant. An elevator serves the basement through the second floor, and the building includes wheelchair-accessible features and safety rails throughout. Shared areas include a community living room, dining room, kitchen, activity space, reading area, four-season room, fitness equipment, business center access, laundry facilities, and resident refrigerator storage.

The 0.66-acre property at 807 3rd Street in Durant is zoned COMMR and connected to city water and city sewer. Building systems include 400-amp electrical service, gas-fired furnaces manufactured in 2024, six separate air conditioning units, and two water heaters manufactured in 2021 and 2002. Additional features include building-wide Wi-Fi, smoke and carbon monoxide alarms, landscaped grounds, a garden area, and on-street parking.

Key Highlights

  • 14 total units: 13 studio apartments and one two‑bedroom apartment
  • Comprehensive renovation completed in 2025
  • 0.66‑acre property at 807 3rd Street, Durant, IA 52747

Property Analytics

Current Use

Durant Iowa Food ... Food Bank Heinz Manor Senior ... Nursing Home

Suggested Use

Top Pick Dental Office Electrical Service Big Box & Wholesale Store Garden Center Plumbing Service Kitchen & Bath Showroom

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

14
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

154
Businesses Nearby

Demographics for 52747, IA

2,178
Population
886
Households
2.5
Avg Household Size
42
Median Age
32%
College-Educated
98%
High-School Grad
30.1 sq mi
ZIP Area
72
Density / Sq Mi
$84,875
Median Household Income
$52,995
Median Earnings
$773
Median Rent
$204,100
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 - Three-level apartment property with studio units, shared amenities, accessibility features, and elevator service.
Where is this apartment building located?
The property is located at 807 3rd Street Durant, IA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 14 total units: 13 studio apartments and one two‑bedroom apartment; Comprehensive renovation completed in 2025; 0.66‑acre property at 807 3rd Street, Durant, IA 52747
More about this property
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