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    Algona, IA
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    Algona, IA Multifamily Properties for Sale

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    Burt, IA West Bend, IA Bancroft, IA
    Renovated Multifamily Asset, Algona, IA
    Updated: May 5
    Renovated Multifamily Asset, Algona, IA

    1906 90th Avenue, Algona, IA 50511

    $1,200,000
    Fully renovated multi‑family asset with strong in‑place income and significant upside potential.
    Turn‑key investment with minimal deferred maintenance due to completed major improvements.
    Expansive lot offers ample space for additional development to increase revenue and asset value.
    Updated units with modern finishes, attractive stable tenancy, and consistent rental demand.
    Located in a stable rental market in Algona with a strong tenant base.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 1 Active listings in Algona, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Income-Generating 4-Plex Investment
    Income-Generating 4-Plex Investment

    1454 N 31st St, Fort Dodge, IA 50501

    $269,900
    3,016 sqft · 0.05 AC lot

    Well-maintained 4-unit property with two-bedroom layouts, coin laundry, and garage parking for tenant convenience.

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    Eagle Grove Multifamily Property
    Eagle Grove Multifamily Property

    324 S Washington, Eagle Grove, IA 50533

    $245,000
    2,240 sqft

    Multifamily property in Eagle Grove, Iowa. Contact agent for showings.

    View details
    Eagle Grove Multifamily Investment Property
    Eagle Grove Multifamily Investment Property

    200 210 S Washington, Eagle Grove, IA 50533

    $245,000
    2,008 sqft

    Multifamily property in Eagle Grove, Iowa. Units rent for $855.

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    Fort Dodge Multifamily Investment
    Fort Dodge Multifamily Investment

    Regency West Ct 23rd Place N and N 15th Place, Fort Dodge, IA 50501

    $7,200,000
    48,000 sqft · 8.40 AC lot

    48-unit multifamily property in Fort Dodge, Iowa for sale.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Lakeshore Recreation Land Parcel
    Lakeshore Recreation Land Parcel

    Tripp, Fulda, MN 56131

    $124,900
    9.30 AC lot

    Recreation residential shoreland acreage with gravel access and measured lakeshore for RV or seasonal campground plans.

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    Improved Residential Lot Ready-to-Go
    Improved Residential Lot Ready-to-Go

    SE Corner W High Street, Davis City, IA 50065

    Contact for pricing

    Affordable, improved corner lot in Davis City, Iowa.

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    Lakefront Recreation Lot with Boat Lift
    Lakefront Recreation Lot with Boat Lift

    21425 Sunset Trail, Lake Preston, SD 57249

    $193,800
    0.46 AC lot

    Manageable lakefront lot with utilities on site, approximately 75 feet of shoreline, and a boat lift for seasonal water use.

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    Commercial Development Land with Dirt Pads
    Commercial Development Land with Dirt Pads

    N 41st St, Bethany, MO 64424

    $300,000
    10.00 AC lot

    10-acre commercial parcel with professionally constructed dirt pads and laid-out roadway, positioned for multi-unit rental development.

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    Off-Market Properties in Algona, IA

    Consider similar Off-Market properties in Algona, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1109 190th St
    MOBILE HOME PARK, TRAILER PARK

    1109 190th St, Algona, IA 50511-7053

    Value Estimation by Request
    1,368 sqft · 20.19 AC lot
    View details
    114 En St
    APARTMENT HOUSE (5+ UNITS)

    114 En St, Algona, IA 50511-2472

    Value Estimation by Request
    4,371 sqft · 0.20 AC lot
    View details
    318 Harlan St
    GARDEN APT, COURT APT (5+ UNITS)

    318 Harlan St, Algona, IA 50511-3423

    Value Estimation by Request
    6,375 sqft · 0.28 AC lot
    View details
    309 Harlan St
    APARTMENT HOUSE (5+ UNITS)

    309 Harlan St, Algona, IA 50511-3422

    Value Estimation by Request
    3,956 sqft · 0.24 AC lot
    View details
    Algona, IA 50511
    MOBILE HOME PARK, TRAILER PARK

    Algona, IA 50511

    Value Estimation by Request
    40.00 AC lot
    View details

    Algona, IA Multifamily Properties Market Trends and Statistics

    Explore 6 multifamily properties for sale in Algona, IA on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,200,000.

    Sale prices for multifamily properties in Algona, IA start at $1,200,000, averaging $1,200,000, and reaching up to $1,200,000 — 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

    Apartment buildings 1

    Demographics Overview

    Population 6,987
    Population Growth (5Y) +0.2%
    Median Household Income $60,256
    College Educated 33.5%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    50511 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 1.97%
    Property Tax per SF $23.63 per SF
    Tax Rate vs County Average 0.25 pp above county avg
    Average Loan-to-Value 65.0%

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