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16-Unit Apartment Building
New
For Sale
$1,021,500

910 S 5th Street, Carlisle, IA 50047

Residents pay their own gas and electric, with gas separately metered by apartment.

Property Size11,648 SF
Lot Size1.09 Acres
Price / SF$87.70
Days on Market5

Property Features for 910 S 5th Street

General Information

Standard status Active
Size 11,648 SF
Lot size 1.09 Acres

Units

Unit Mix 14 x 2BR, 2 x 1BR
Multifamily Units 16
Individually Metered Utilities gas

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $15,058

Amenities

on-site coin laundry rooms

Building Details

Buildings 1
Listing Agency: Realty ONE Group Impact
Listed By: Dennis Darnell · License #S67932000
Source: Exprealty
Added: Oct 26 Changed: Oct 30 Last Checked: Oct 30 at 3:16PM

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 Realty ONE Group Impact

Rey
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Investment Insights

Based on property information with market context.

This 16-unit apartment property in Carlisle sits on 1.09 acres and includes 14 two-bedroom apartments and two one-bedroom apartments. Residents cover their own gas and electric, and gas is separately metered. Two coin-operated laundry rooms and off-street parking serve the property. Most apartments are on month-to-month tenancies, with a median resident stay of about six years and historical occupancy above 90 percent.

Building updates include a roof installed in 2025 with a 25-year lifespan, replacement windows throughout, and furnaces and central air added in 2016. Carlisle is minutes from Des Moines.

Key Highlights

  • 16 apartments: 14 two‑bedroom units and 2 one‑bedroom units
  • Located on 1.09 acres in Carlisle, minutes from Des Moines
  • Roof installed in 2025 with a 25‑year lifespan

Property Analytics

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Current Use

1031 exchange properties

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Auto Parts Store Furniture & Home Goods Pharmacy

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

185
Businesses Nearby

Demographics for 50047, IA

6,021
Population
2,411
Households
2.5
Avg Household Size
38
Median Age
26%
College-Educated
95%
High-School Grad
67.3 sq mi
ZIP Area
89
Density / Sq Mi
$101,345
Median Household Income
$54,234
Median Earnings
$1,144
Median Rent
$223,400
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

Frequently Asked Questions

What type of property is this?
Apartment building - Residents pay their own gas and electric, with gas separately metered by apartment.
Where is this apartment building located?
The property is located at 910 S 5th Street Carlisle, IA.
What is the asking price?
The asking price for this property is $1,021,500.
What are key features of this property?
This property features: 16 apartments: 14 two‑bedroom units and 2 one‑bedroom units; Located on 1.09 acres in Carlisle, minutes from Des Moines; Roof installed in 2025 with a 25‑year lifespan
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