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2023 Apartment Building with Mini-Splits
For Sale
$1,200,000

814 N Eagle Avenue, Eagle Grove, IA 50533

Commercial Sale, Eagle Grove, IA

Property SizeContact for details
Lot Size1.28 Acres
Days on Market163

Property Features for 814 N Eagle Avenue

General Information

Property type Commercial Sale
Property subtype Apartment
Directions From Iowa Ave. (Hwy 17) turn East on NW 8th St. Building sits on corner of NW 8th St. and Eagle Avenue
Standard status Active
APN 0927207001
Lot size 1.28 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description LOTS 7-8-9-10-11-12 BLOCK 4 WRI 3RD
Tax Annual Amount 5438
Legal Description LOTS 7-8-9-10-11-12 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
Listed By: Robert Powers · License #***
Added: Apr 19 Changed: Sep 7 Last Checked: Sep 28 at 12:06AM
MLS# 6337390

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 completed in 2023 and contains a mix of two- and three-bedroom residences. The property features vinyl siding and ductless mini-split systems for heating and cooling, with separate heat, electric, and water service assigned to each unit. Water is supplied publicly, while utility costs are paid by residents.

The offering includes the adjacent twin 8-unit building at 811 N. Montgomery as part of the same package. Together, the properties provide 16 apartment units on a combined 1.28-acre site. The residences were described as mostly occupied and finished with updated interior amenities.

Key Highlights

  • 8‑unit apartment building completed in 2023
  • Mix of 2- and 3‑bedroom units
  • Separate heat, electric, and water service for each unit

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Law Firm Big Box & Wholesale Store Restaurant

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

16
Residential units

Location Intelligence

Trade Area within ½ mile

200
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Recently built multifamily property offering two- and three-bedroom residences with individually metered tenant-paid utilities.
Where is this apartment building located?
The property is located at 814 N Eagle 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 completed in 2023; Mix of 2- and 3‑bedroom units; Separate heat, electric, and water service for each unit
More about this property
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