Multifamily

Albia, IA Multifamily Properties for Sale

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Updated Two-Unit Duplex
Updated: Oct 13
Updated Two-Unit Duplex

420-422 S 12th Street, Albia, IA 52531

$169,000
1,488 sqft
Two units, each with 2 bedrooms and 2 bathrooms
1,488 square feet total
Separate laundry room in each residence
Private rear deck for each unit; each also has half of the outdoor storage shed
Roof, furnaces, AC units, windows, electrical, and water heaters updated approximately 6 years ago
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4-Unit Quadplex with Shared Courtyard
Updated: Jun 5
4-Unit Quadplex with Shared Courtyard

18 S 5Th Street, Albia, IA 52531

$235,000
5,208 sqft
Four units: two 3‑bedroom, 1‑bath apartments and two 2‑bedroom, 1‑bath apartments
5,208 square feet; built in 1974
Washer and dryer in each unit
Fully occupied
Shared courtyard with basketball hoop and picnic table; off‑street parking
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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Albia, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Three-Unit Mixed-Use Building
Three-Unit Mixed-Use Building

402 Richmond Ave, Ottumwa, IA 52501

$149,000
2,200 sqft

Mixed-use configuration includes apartments, office areas, and a kitchenette within one commercial property.

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Stucco Duplex
Stucco Duplex

404 N 10TH Street, Centerville, IA 52544

$40,000
1,928 sqft

Two-unit property with baseboard heating and public sewer.

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Two-Unit Duplex Property
Two-Unit Duplex Property

404 N 10TH Street, Centerville, IA 52544

Contact for pricing
1,928 sqft

Owner currently pays water and trash expenses for the property.

View details
3-Unit Mixed-Use Property
3-Unit Mixed-Use Property

402 Richmond Street, Ottumwa, IA 52501

$149,000
2,200 sqft

Three-unit building combines residential apartments with office and kitchenette space in a flexible commercial layout.

View details

Albia, IA Multifamily Properties Market Trends and Statistics

Explore 2 multifamily properties for sale in Albia, IA on our real estate platform. These investment opportunities span a total of 6,696 square feet of properties for sale, with an estimated market value of $404,000.

Sale prices for multifamily properties in Albia, IA start at $169,000, averaging $202,000, and reaching up to $235,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Duplexes 1
Quadplexes 1

Demographics Overview

Population 5,885
Population Growth (5Y) -1.6%
Median Household Income $74,081
College Educated 26.8%

High-Yield Neighborhoods for Investment

Identify Albia submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
52531 $235K

Taxes & Financing

Tax Rate (average for all types) 2.40%
Tax Rate vs County Average 0.05 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Monroe County

New Delisted

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