823 Doran Drive, Boone, IA 50036

Listing office CBRE - Des Moines d***@cbre.com Show Phone

Listing date Jun 17, 2026

Source Cbre

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 CBRE - Des Moines

Report an issue

---

Overview

Doran Apartments is a 7-unit apartment community built in 1972, offering a mix of one studio, two 1BR/1BA, and four 2BR/1BA floor plans. The property includes 4 detached garages and on-site surface parking, supporting convenient vehicle storage for residents.

The community is located at 823 Doran Drive in Boone, Iowa. Boone is described as approximately 15 minutes west of Ames and about 35 minutes north of the Des Moines MSA.

As a compact residential income property, Doran Apartments provides a straightforward unit mix that can appeal to tenants seeking studios as well as larger 1- and 2-bedroom layouts. For investors or owner-operators looking for a small multifamily asset with both detached garage parking and surface parking on-site, the property’s overall configuration and resident-oriented improvements may be an efficient platform to manage and lease.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Boone

County

Boone

State

Iowa

Longitude

-93.8805989

Latitude

42.0411303

Nearby Similar for Sale

• 

  $625,000

  2,010 SF

  Commercial Building with Drive-Up Window

  Commercial building suitable for retail, restaurant, or convenience store.

  403 Story Street, Boone, IA 50036

  View Details
• 

  $399,000

  6,560 SF

  Flex Office with Warehouse Loading

  Two-building industrial property with reception offices and a 3,200-square-foot open warehouse/storage area served by overhead doors.

  2136 Mamie Eisenhower Avenue, Boone, IA 50036

  View Details
• 

  $625,000

  Former Pharmacy Building For Sale

  High-exposure commercial building suitable for retail or restaurant use.

  403 Story Street, Boone, IA 50036

  View Details
• 

  $119,900

  3,125 SF

  Downtown Mixed-Use Quadplex

  Downtown Boone building combines apartments with a main-floor commercial space and rear parking for flexible rental income.

  1026 8th Street, Boone, IA 50036

  View Details
• 

  $225,000

  3,269 SF

  Well-Kept Boone Investment Property

  Five-unit residential building with long-term tenants and recent updates.

  316 Boone Street, Boone, IA 50036

  View Details
• 

  $215,000

  2,024 SF

  Triplex with Detached Two-Car Garage

  Well-maintained triplex in Boone offers central heating and air, updated exterior, and coin-operated laundry convenience.

  527 Boone Street, Boone, IA 50036

  View Details
• 

  $1,725,000

  23,760 SF

  Parkview Terrace Multifamily Investment Opportunity

  24-unit apartment community in Boone, Iowa with value-add potential.

  1003 Parkway Drive, Boone, IA, 50036

  View Details
• 

  $3,595,000

  42,122 SF

  Boone Iowa Apartment Community

  57-unit apartment community in Boone, Iowa, near Iowa State.

  1104 8th St, Boone, IA 50036

  View Details
• 

  $950,000

  Visible Commercial Building in Boone

  Commercial building in good condition with long-time tenant.

  931 8th Street, Boone, IA 50036

  View Details
• 

  $7

  20,477 SF

  Versatile Commercial Space in Boone

  Adaptable commercial space suitable for office, retail, or other ventures.

  927 8th Street, Boone, IA 50036

  View Details

FAQs

What type of property is this?

Apartment building - Small multifamily in Boone offers studio and 1–2 bedroom units plus detached garages and surface parking.

Where is this apartment building located?

The property is located at 823 Doran Drive Boone, IA.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: 7‑unit apartment community at 823 Doran Drive, Boone, IA 50036; Unit mix includes 1 studio, 2 one‑bedrooms (1BA), and 4 two‑bedrooms (1BA); Built in 1972 and currently features an average in‑place rent of $753