8-Unit Apartment
For Sale
$1,200,000
811 N Montgomery Avenue, Eagle Grove, IA 50533
COMMERCIAL - Eagle Grove, IA
Property SizeContact for details
Lot Size0.48 Acres
Days on Market128
Property Features for 811 N Montgomery Avenue
General Information
Property type
Commercial Sale
Property subtype
Apartment
Directions
From Iowa Ave. (Hwy 17) turn East onto NW 8th St. Both Units sit on the corner of NW 8th St. & Montgomery Ave.
Standard status
Active
APN
0927207002
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 1, 2 & 3 BLOCK 4 WRI 3RD
Tax Annual Amount
5256
Legal Description
LOTS 1, 2 & 3 BLOCK 4 WRI 3RD
Utilities
Heating system
Ductless (Heating)
Water source
Public
Building Details
Year built
2023
Number of units
8
Building materials
Vinyl Siding
Listing Agency:
North Iowa Real Estate
(515) 532-3917
Listed By:
Robert Powers · License #***
(515) 851-0938
Added: Apr 19
Changed: Aug 19
Last Checked: Aug 24 at 12:06PM
MLS# 6337389
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.
Investment Insights
Based on property information with market context.
This 8-unit apartment building was constructed in 2023 and includes a mix of two- and three-bedroom residences. Vinyl siding and ductless mini-split systems are part of the improvements, with the units designed around separately metered heat, electric, and water service. Tenants pay those utility costs directly, and the property is mostly occupied.
The offering also includes a matching 8-unit apartment building at 811 N. Montgomery Avenue, creating a combined 16-unit package. The subject property sits on 0.48 acres and is served by public water. Together, the two buildings provide a paired multifamily configuration at adjacent locations in Eagle Grove.
The offering also includes a matching 8-unit apartment building at 811 N. Montgomery Avenue, creating a combined 16-unit package. The subject property sits on 0.48 acres and is served by public water. Together, the two buildings provide a paired multifamily configuration at adjacent locations in Eagle Grove.
Key Highlights
- 8‑unit apartment building constructed in 2023
- Mix of 2- and 3‑bedroom units
- Separate heat, electric, and water service; tenants pay utilities
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Explore this area
Business Placement
Demographics for 50533, IA
4,041
Population
1,681
Households
2.4
Avg Household Size
37
Median Age
18%
College-Educated
90%
High-School Grad
97.7 sq mi
ZIP Area
41
Density / Sq Mi
$61,635
Median Household Income
$44,900
Median Earnings
$991
Median Rent
$103,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment units feature separately metered utilities with tenant-paid water, electric, and heating costs.
Where is this apartment building located?
The property is located at 811 N Montgomery Avenue Eagle Grove, IA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 8‑unit apartment building constructed in 2023; Mix of 2- and 3‑bedroom units; Separate heat, electric, and water service; tenants pay utilities
