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    Altoona Four Unit Multifamily House
    Updated: Mar 2
    Altoona Four Unit Multifamily House

    202 3rd Street SE, Altoona, IA 50009

    $350,000
    1,690 sqft 0.20 AC lot
    4‑unit house near downtown Altoona with monthly income of $2,700 and long‑term tenants in the bottom units
    Unit mix: two 2‑bedroom/1‑bath units and two upstairs 1‑bedroom/1‑bath units
    Owner pays all utilities
    Newer roof and new boiler system
    Off‑street parking plus additional parking in back of the alley
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    202 3rd Street SE, Altoona, IA 50009

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    • Est. Cap Rate

      4.3%
      NOI ÷ price

    • Est. NOI

      $15K
      Annual

    • Price @ 7% Cap

      $214K
      Suggested

    • Property Type

      Multi-Family Dwellings
      Built 1870
    View Property Analytics
    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.

    Renovated Brick 7-Plex
    Renovated Brick 7-Plex

    2447 E Walnut Street, Des Moines, IA 50317

    $395,000
    4,530 sqft 0.26 AC lot

    Brick 7-plex with all seven units recently fully renovated, with deferred electrical and HVAC replacement needs.

    View details
    Renovated 108-Unit Apartment Portfolio
    Renovated 108-Unit Apartment Portfolio

    3909 Hubbell Avenue, Des Moines, IA 50317

    Contact for pricing
    89,440 sqft

    108-unit multifamily portfolio with 64% renovated two-bedroom units and approximately 96% current occupancy.

    View details
    Mixed-Use Development with Flex Buildings
    Mixed-Use Development with Flex Buildings

    7040 NE 14th St, Ankeny, IA 50023

    Contact for pricing
    12,486 sqft

    A 2019-built mixed-use development with street-level retail/office, apartments above, and two flex buildings.

    View details
    Retail, Multifamily, Office, Mixed Use
    Retail, Multifamily, Office, Mixed Use

    7040 NE 14th St, Ankeny, IA 50023

    Contact for pricing
    6,358 sqft 1.44 AC lot

    Mixed-use properties · 6,358 SF

    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.

    Developed Multi-Pad Development Land
    Developed Multi-Pad Development Land

    N 41st St, Bethany, MO 64424

    $249,900
    10.00 AC lot

    10-acre development site with 10 constructed dirt pads, cul-de-sac road layout, and a billboard generating $100 monthly.

    View details
    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.

    View details
    Leavenworth Land For Sale
    Leavenworth Land For Sale

    13788 McIntyre1 Road, Leavenworth, KS 66048

    $1,750,000
    35.00 AC lot

    35 acre commercial lot with utilities ready for development.

    View details
    Residential Lot in Wellsville, MO
    Residential Lot in Wellsville, MO

    412 Washington Street, Wellsville, MO 63384

    Contact for pricing
    0.17 AC lot

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

    View details

    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

    $870,000
    Estimated value
    15,704 sqft 5.05 AC lot
    View details
    1101 34th SW Ave
    MOBILE HOME PARK, TRAILER PARK

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

    $7,640,000
    Estimated value
    5,004 sqft 33.91 AC lot
    View details
    Altoona, IA 50009
    MOBILE HOME PARK, TRAILER PARK

    Altoona, IA 50009

    $7,640,000
    Estimated value
    2,132 sqft 16.50 AC lot
    View details
    619 17th NW Ave
    APARTMENT HOUSE (5+ UNITS)

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

    Value Estimation by Request
    36,824 sqft 4.76 AC lot
    View details
    401 8th SW St
    APARTMENT HOUSE (5+ UNITS)

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

    $850,000
    Estimated value
    4,864 sqft 1.04 AC lot
    View details
    720 8th SE St
    APARTMENT HOUSE (5+ UNITS)

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

    $4,175,000
    Estimated value
    21,744 sqft 4.84 AC lot
    View details
    1401 Adventureland Dr
    APARTMENT HOUSE (5+ UNITS)

    1401 Adventureland Dr, Altoona, IA 50009

    $2,160,000
    Estimated value
    46,800 sqft 18.25 AC lot
    View details
    1490 34th SW Ave
    APARTMENT HOUSE (5+ UNITS)

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

    $4,655,000
    Estimated value
    41,733 sqft 16.14 AC lot
    View details
    1427 34th SW Ave
    APARTMENT HOUSE (5+ UNITS)

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

    $4,585,000
    Estimated value
    70,148 sqft 5.52 AC lot
    View details
    203 3rd SE St
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    Value Estimation by Request
    3,136 sqft 0.18 AC lot
    View details
    706 2nd SW Ave
    APARTMENT HOUSE (5+ UNITS)

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

    $530,000
    Estimated value
    8,448 sqft 0.44 AC lot
    View details
    2311 Ironwood SW Dr
    APARTMENT HOUSE (5+ UNITS)

    2311 Ironwood SW Dr, Altoona, IA 50009-2367

    $1,960,000
    Estimated value
    32,973 sqft 1.36 AC lot
    View details
    707 2nd SW Ave
    APARTMENT HOUSE (5+ UNITS)

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

    Value Estimation by Request
    5,120 sqft 0.30 AC lot
    View details
    404 3rd SW Ave
    APARTMENT HOUSE (5+ UNITS)

    404 3rd SW Ave, Altoona, IA 50009

    Value Estimation by Request
    5,120 sqft 1.10 AC lot
    View details
    807 17th SW Ave
    APARTMENT HOUSE (5+ UNITS)

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

    Value Estimation by Request
    3,840 sqft 1.87 AC lot
    View details
    437 Elgin NW Ln
    APARTMENT HOUSE (5+ UNITS)

    437 Elgin NW Ln, Altoona, IA 50009-1430

    $1,250,000
    Estimated value
    10,506 sqft 16.46 AC lot
    View details
    1127 Greenway Ct
    APARTMENT HOUSE (5+ UNITS)

    1127 Greenway Ct, Altoona, IA 50009-2242

    $1,085,000
    Estimated value
    9,120 sqft 3.47 AC lot
    View details
    500 5th SW Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    Value Estimation by Request
    2,408 sqft 3.83 AC lot
    View details
    807 14th NW Ave
    APARTMENT HOUSE (5+ UNITS)

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

    $2,295,000
    Estimated value
    22,296 sqft 3.74 AC lot
    View details
    1108 4th SW St
    APARTMENT HOUSE (5+ UNITS)

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

    $805,000
    Estimated value
    12,870 sqft 0.63 AC lot
    View details
    1006 4th SW St
    APARTMENT HOUSE (5+ UNITS)

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

    $1,130,000
    Estimated value
    18,480 sqft 0.78 AC lot
    View details
    1104 4th SW St
    APARTMENT HOUSE (5+ UNITS)

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

    $1,125,000
    Estimated value
    18,480 sqft 0.78 AC lot
    View details
    112 5th NW Ave
    APARTMENT HOUSE (5+ UNITS)

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

    $2,135,000
    Estimated value
    20,496 sqft 3.66 AC lot
    View details

    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 1,690 square feet of properties for sale, with an estimated market value of $350,000.

    Sale prices for multifamily properties in Altoona, IA average $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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