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

910 S 5th Street, Carlisle, IA 50047

CommercialSale, Carlisle, IA

Property SizeContact for details
Lot Size1.09 Acres
Days on Market2

Property Features for 910 S 5th Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning M
Appliances Dryer, Refrigerator, Stove
Elementary school district Carlisle
Middle school district Carlisle
High school district Carlisle
Directions Use Apple or Google Maps.
Subdivision Carlisle
Standard status Active
APN 39140000460
Lot size 1.09 Acres

Additional Details

Tenant in Place Yes
Individually Metered Utilities gas

Taxes and HOA fees

Tax Description 3-77-23 HARDINS LOTS 46-47-48 49 & 50
Tax Annual Amount 15058
Legal Description 3-77-23 HARDINS LOTS 46-47-48 49 & 50

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Cooling system Central Air
Water source Public

Amenities

coin laundry

Building Details

Year built 1970
Building materials Brick, VinylSiding
Roof type Shingle, Asphalt
Buildings 1
Listing Agency: Realty ONE Group Impact
Listed By: Dennis Darnell
Added: Oct 26 Last Checked: Oct 27 at 6:06PM
MLS# 751949

Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

SouthPark Apartments is a 16-unit residential income property on 1.09 acres in Carlisle. The unit mix comprises 14 two-bedroom apartments and two one-bedroom apartments. Brick and vinyl siding, replacement windows, and an asphalt shingle roof are among the building’s physical features. A roof installed in 2025 and furnaces and central air dating to 2016 are also noted. Gas and electric are separately metered, with tenants paying those utilities.

Two coin-operated laundry rooms are on site, along with off-street parking. Public water and sewer serve the property. The building was constructed in 1970 and is zoned M.

Key Highlights

  • 16 apartments: 14 two‑bedroom units and 2 one‑bedroom units
  • 1.09‑acre site in Carlisle, Iowa
  • Roof replaced in 2025

Property Analytics

Who owns this building? See the owner, sales and loan history
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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, and shared laundry facilities serve the building.
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; 1.09‑acre site in Carlisle, Iowa; Roof replaced in 2025
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