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Altoona, IA

Multifamily

Altoona, IA Multifamily Properties for Sale

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Bondurant, IA Des Moines, IA Clive, IA Pleasant Hill, IA Runnells, IA Mitchellville, IA Ankeny, IA West Des Moines, IA

Brick Multifamily Building with Laundry

Updated: Aug 21

Brick Multifamily Building with Laundry

205 4th Street SW, Altoona, IA 50009

Contact for pricing

4,352 sqft

4,352 property size
1965 brick multifamily building
R‑3 Multi‑Family zoning
Separately metered tenant electric
Income‑producing laundry

See what stands out in Polk County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Based on your search, we've compiled 39 Potential Opportunities for your consideration. Besides 1 Active listings in Altoona, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 34 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

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

Apartment Building With Historic Character

Apartment Building With Historic Character

612 29th St, Des Moines, IA 50312

$370,000

3,670 sqft

Multifamily asset near walkable retail, dining, coffee, shopping, and downtown amenities.

3-Unit Residential Property

3-Unit Residential Property

2712 Dean Ave, Des Moines, IA 50317

$275,000

1,710 sqft

Up/down layout includes two apartments and a detached efficiency, with recent repairs and unit-level updates.

Three-Bedroom Duplex with Finished Basement

Three-Bedroom Duplex with Finished Basement

2513 E 50th Ct, Des Moines, IA 50317

$309,990

1,253 sqft

Open-concept interiors pair quartz kitchen finishes with additional lower-level living space.

8-Unit Apartment Building

8-Unit Apartment Building

3274 E. EUCLID AVE., Des Moines, IA 50317

Contact for pricing

5,568 sqft

Updated interiors and individual exterior entrances serve all eight units.

Off-Market Properties in Altoona, IA

Consider similar Off-Market properties in Altoona, 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.

858 8th SE St

APARTMENT HOUSE (5+ UNITS)

858 8th SE St, Altoona, IA 50009-1969

Estimated value:

$870,000

15,704 sqft 5.05 AC lot

1101 34th SW Ave

MOBILE HOME PARK, TRAILER PARK

1101 34th SW Ave, Altoona, IA 50009-2616

Estimated value:

$7,300,000

5,004 sqft 33.91 AC lot

Altoona, IA 50009

MOBILE HOME PARK, TRAILER PARK

Altoona, IA 50009

Estimated value:

$7,300,000

2,132 sqft 16.50 AC lot

619 17th NW Ave

APARTMENT HOUSE (5+ UNITS)

619 17th NW Ave, Altoona, IA 50009-1160

Estimated value:

$10,320,000

36,824 sqft 4.76 AC lot

401 8th SW St

APARTMENT HOUSE (5+ UNITS)

401 8th SW St, Altoona, IA 50009-1637

Estimated value:

$825,000

4,864 sqft 1.04 AC lot

720 8th SE St

APARTMENT HOUSE (5+ UNITS)

720 8th SE St, Altoona, IA 50009-1970

Estimated value:

$4,370,000

21,744 sqft 4.84 AC lot

1401 Adventureland Dr

APARTMENT HOUSE (5+ UNITS)

1401 Adventureland Dr, Altoona, IA 50009

Estimated value:

$1,705,000

46,800 sqft 18.25 AC lot

1490 34th SW Ave

APARTMENT HOUSE (5+ UNITS)

1490 34th SW Ave, Altoona, IA 50009-5470

Estimated value:

$4,655,000

41,733 sqft 16.14 AC lot

1427 34th SW Ave

APARTMENT HOUSE (5+ UNITS)

1427 34th SW Ave, Altoona, IA 50009-5453

Estimated value:

$685,000

70,148 sqft 5.52 AC lot

203 3rd SE St

APARTMENT HOUSE (UNDER 5 UNITS)

203 3rd SE St, Altoona, IA 50009-1868

Estimated value:

$230,000

3,136 sqft 0.18 AC lot

706 2nd SW Ave

APARTMENT HOUSE (5+ UNITS)

706 2nd SW Ave, Altoona, IA 50009-1770

Estimated value:

$530,000

8,448 sqft 0.44 AC lot

2311 Ironwood SW Dr

APARTMENT HOUSE (5+ UNITS)

2311 Ironwood SW Dr, Altoona, IA 50009-2367

Estimated value:

$485,000

32,973 sqft 1.36 AC lot

707 2nd SW Ave

APARTMENT HOUSE (5+ UNITS)

707 2nd SW Ave, Altoona, IA 50009-1780

Estimated value:

$325,000

5,120 sqft 0.30 AC lot

404 3rd SW Ave

APARTMENT HOUSE (5+ UNITS)

404 3rd SW Ave, Altoona, IA 50009

Estimated value:

$400,000

5,120 sqft 1.10 AC lot

807 17th SW Ave

APARTMENT HOUSE (5+ UNITS)

807 17th SW Ave, Altoona, IA 50009-9518

Estimated value:

$235,000

3,840 sqft 1.87 AC lot

437 Elgin NW Ln

APARTMENT HOUSE (5+ UNITS)

437 Elgin NW Ln, Altoona, IA 50009-1430

Estimated value:

$1,250,000

10,506 sqft 16.46 AC lot

1127 Greenway Ct

APARTMENT HOUSE (5+ UNITS)

1127 Greenway Ct, Altoona, IA 50009-2242

Estimated value:

$1,085,000

9,120 sqft 3.47 AC lot

500 5th SW Ave

APARTMENT HOUSE (UNDER 5 UNITS)

500 5th SW Ave, Altoona, IA 50009-1651

Estimated value:

$365,000

2,408 sqft 3.83 AC lot

807 14th NW Ave

APARTMENT HOUSE (5+ UNITS)

807 14th NW Ave, Altoona, IA 50009-1271

Estimated value:

$2,295,000

22,296 sqft 3.74 AC lot

1108 4th SW St

APARTMENT HOUSE (5+ UNITS)

1108 4th SW St, Altoona, IA 50009-1375

Estimated value:

$805,000

12,870 sqft 0.63 AC lot

1006 4th SW St

APARTMENT HOUSE (5+ UNITS)

1006 4th SW St, Altoona, IA 50009-1373

Estimated value:

$1,130,000

18,480 sqft 0.78 AC lot

1104 4th SW St

APARTMENT HOUSE (5+ UNITS)

1104 4th SW St, Altoona, IA 50009-1374

Estimated value:

$1,125,000

18,480 sqft 0.78 AC lot

112 5th NW Ave

APARTMENT HOUSE (5+ UNITS)

112 5th NW Ave, Altoona, IA 50009-1490

Estimated value:

$2,135,000

20,496 sqft 3.66 AC lot

Altoona, IA Multifamily Properties Market Trends and Statistics

Explore 35 multifamily properties for sale in Altoona, IA on our real estate platform. These investment opportunities span a total of 4,352 square feet of properties for sale.

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Demographics Overview

Population 22K

Population Growth (5Y) +12.4%

Median Household Income $90,393

College Educated 41.8%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
50009	$350K

Taxes & Financing

Tax Rate (average for all types) 1.08%

Property Tax per SF $36.39 per SF

Tax Rate vs County Average 1.34 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Polk County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Polk County

Residential Income

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