Altoona, IA
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    Altoona, IA Multifamily Properties for Sale

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    Bondurant, IA Des Moines, IA Pleasant Hill, IA
    Altoona Four Unit Multifamily House
    $350,000
    1,690 SF
    Altoona Four Unit Multifamily House

    202 3rd Street SE, Altoona, IA 50009

    Four-unit house near downtown Altoona with long-term tenants.
    • 4‑unit house near downtown Altoona: two 2BR/1BA units and two 1BR/1BA units
    • Monthly income of $2,700; long‑term tenants in the bottom units
    • Owner pays all utilities
    • Boiler system is new and the roof is newer
    • Public water and public sewer
    Updated: Mar 2
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    Based on your search, we've compiled 43 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, 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.

    Well-Kept Duplex in Des Moines
    $260,000
    1,920 SF
    Well-Kept Duplex in Des Moines

    Two-story duplex with updates in a fantastic Des Moines location.

    4236 Boyd Street, Des Moines, IA 50317

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    Well-Kept Duplex in Des Moines
    $265,000
    1,472 SF
    Well-Kept Duplex in Des Moines

    Desirable Des Moines duplex with separate driveways and fenced yards.

    4230/4232 Boyd Street, Des Moines, IA 50317

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    Mixed-Use Development For Sale
    $3,417,227
    12,486 SF
    Mixed-Use Development For Sale

    20,400 SF mixed-use property with retail, office, and apartments.

    7040 NE 14th St, Ankeny, IA

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    Retail, Multifamily, Office, Mixed Use
    $3,417,227
    6,358 SF
    Retail, Multifamily, Office, Mixed Use

    Mixed-use properties · 6,358 SF

    7040 NE 14th St, Ankeny, IA 50023

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    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.

    Improved Residential Lot Ready-to-Go
    Contact for pricing
    Improved Residential Lot Ready-to-Go

    Affordable, improved corner lot in Davis City, Iowa.

    SE Corner W High Street, Davis City, IA 50065

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    Waterfront Recreational Land Parcel
    $124,900
    9.30 Acres
    Waterfront Recreational Land Parcel

    Private lakeshore acreage with a gravel central drive and recognized RV or seasonal campground potential, subject to approvals.

    Fulda, MN 56131

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    Leavenworth Land For Sale
    $1,750,000
    35.00 Acres
    Leavenworth Land For Sale

    35 acre commercial lot with utilities ready for development.

    13788 McIntyre1 Road, Leavenworth, KS 66048

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    Residential Lot in Wellsville, MO
    Contact for pricing
    0.17 Acres
    Residential Lot in Wellsville, MO

    Ready-to-build residential lot in a charming small town.

    412 Washington Street, Wellsville, MO 63384

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    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)
    15,704 SF Lot: 5.05 Acres
    Estimated value
    $870,000

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

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    1101 34th SW Ave
    MOBILE HOME PARK, TRAILER PARK
    5,004 SF Lot: 33.91 Acres
    Estimated value
    $7,640,000

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

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    Altoona, IA 50009
    MOBILE HOME PARK, TRAILER PARK
    2,132 SF Lot: 16.50 Acres
    Estimated value
    $7,640,000

    Altoona, IA 50009

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    619 17th NW Ave
    APARTMENT HOUSE (5+ UNITS)
    36,824 SF Lot: 4.76 Acres
    Value Estimation by Request

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

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    401 8th SW St
    APARTMENT HOUSE (5+ UNITS)
    4,864 SF Lot: 1.04 Acres
    Estimated value
    $850,000

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

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    720 8th SE St
    APARTMENT HOUSE (5+ UNITS)
    21,744 SF Lot: 4.84 Acres
    Estimated value
    $4,175,000

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

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    1401 Adventureland Dr
    APARTMENT HOUSE (5+ UNITS)
    46,800 SF Lot: 18.25 Acres
    Estimated value
    $2,160,000

    1401 Adventureland Dr, Altoona, IA 50009

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    1490 34th SW Ave
    APARTMENT HOUSE (5+ UNITS)
    41,733 SF Lot: 16.14 Acres
    Estimated value
    $4,655,000

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

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    1427 34th SW Ave
    APARTMENT HOUSE (5+ UNITS)
    70,148 SF Lot: 5.52 Acres
    Estimated value
    $4,585,000

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

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    203 3rd SE St
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,136 SF Lot: 0.18 Acres
    Value Estimation by Request

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

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    706 2nd SW Ave
    APARTMENT HOUSE (5+ UNITS)
    8,448 SF Lot: 0.44 Acres
    Estimated value
    $530,000

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

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    2311 Ironwood SW Dr
    APARTMENT HOUSE (5+ UNITS)
    32,973 SF Lot: 1.36 Acres
    Estimated value
    $1,960,000

    2311 Ironwood SW Dr, Altoona, IA 50009-2367

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    707 2nd SW Ave
    APARTMENT HOUSE (5+ UNITS)
    5,120 SF Lot: 0.30 Acres
    Value Estimation by Request

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

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    404 3rd SW Ave
    APARTMENT HOUSE (5+ UNITS)
    5,120 SF Lot: 1.10 Acres
    Value Estimation by Request

    404 3rd SW Ave, Altoona, IA 50009

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    807 17th SW Ave
    APARTMENT HOUSE (5+ UNITS)
    3,840 SF Lot: 1.87 Acres
    Value Estimation by Request

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

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    437 Elgin NW Ln
    APARTMENT HOUSE (5+ UNITS)
    10,506 SF Lot: 16.46 Acres
    Estimated value
    $1,250,000

    437 Elgin NW Ln, Altoona, IA 50009-1430

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    1127 Greenway Ct
    APARTMENT HOUSE (5+ UNITS)
    9,120 SF Lot: 3.47 Acres
    Estimated value
    $1,085,000

    1127 Greenway Ct, Altoona, IA 50009-2242

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    500 5th SW Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,408 SF Lot: 3.83 Acres
    Value Estimation by Request

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

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    807 14th NW Ave
    APARTMENT HOUSE (5+ UNITS)
    22,296 SF Lot: 3.74 Acres
    Estimated value
    $2,295,000

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

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    1108 4th SW St
    APARTMENT HOUSE (5+ UNITS)
    12,870 SF Lot: 0.63 Acres
    Estimated value
    $805,000

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

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    1006 4th SW St
    APARTMENT HOUSE (5+ UNITS)
    18,480 SF Lot: 0.78 Acres
    Estimated value
    $1,130,000

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

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    1104 4th SW St
    APARTMENT HOUSE (5+ UNITS)
    18,480 SF Lot: 0.78 Acres
    Estimated value
    $1,125,000

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

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    112 5th NW Ave
    APARTMENT HOUSE (5+ UNITS)
    20,496 SF Lot: 3.66 Acres
    Estimated value
    $2,135,000

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

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    Altoona, IA Multifamily Properties Investment Opportunities Market Analysis

    Explore 35 multifamily properties for sale in Altoona, IA on our real estate platform. These investment opportunities span a total of 1,690 square feet of properties for sale, with an estimated market value of $350,000.

    Sale prices for multifamily properties in Altoona, IA start at $350,000, averaging $350,000, and reaching up to $350,000 — 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

    Quadplexes 1

    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)

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