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    Boone, IA
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    Boone, IA Multifamily Properties for Sale

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    Ogden, IA Pilot Mound, IA Luther, IA Ames, IA Madrid, IA Woodward, IA Gilbert, IA Sheldahl, IA
    8 properties
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    Five-Unit Apartment Building
    Updated: May 12
    Five-Unit Apartment Building

    316 Boone Street, Boone, IA 50036

    $225,000
    3,269 sqft 0.25 AC lot
    Five‑unit apartment property totaling 3,269 square feet
    Built in 1890 on a 0.2479‑acre lot
    316 Boone Street location near downtown Boone
    Interior refreshes and new flooring in some units
    Partial roof replacement and new furnace
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    Downtown Mixed-Use Quadplex
    Updated: Jun 2
    Downtown Mixed-Use Quadplex

    1026 8th Street, Boone, IA 50036

    $119,900
    3,125 sqft 0.07 AC lot
    4‑unit building with 3 upstairs apartments and 1 main‑floor unit
    Main‑floor commercial space with 2 entry doors; could be divided into 2 spaces
    Back main‑floor unit includes its own exterior entrance and deck
    Parking area at the rear of the building
    Construction materials: concrete; flat roof
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    Well-Maintained Triplex with Garage
    Well-Maintained Triplex with Garage

    527 Boone Street, Boone, IA 50036

    $205,000
    2,024 sqft 0.14 AC lot

    A residential triplex with updated exterior improvements, full basement with coin-operated laundry, and off-street parking.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Triplex with Detached Garage
    Triplex with Detached Garage

    527 Boone St, Boone, IA 50036

    $205,000
    2,024 sqft

    Three-unit property with central air, updated exterior components, basement laundry, and off-street parking near downtown.

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    Boone Iowa Apartment Community
    Boone Iowa Apartment Community

    1104 8th St, Boone, IA 50036

    Contact for pricing
    42,122 sqft

    57-unit apartment community in Boone, Iowa, near Iowa State.

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    Seven-Unit Apartment Community with Garages
    Seven-Unit Apartment Community with Garages

    823 Doran Drive, Boone, IA 50036

    $425,000

    Small multifamily in Boone offers studio and 1–2 bedroom units plus detached garages and surface parking.

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    Duplex with Two Separate Entries
    Duplex with Two Separate Entries

    1116 Harrison Street, Boone, IA 50036

    $179,900
    1,742 sqft

    Duplex offering two kitchens, two bedrooms in the lower unit, and one bedroom with a private upper entry.

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    8-Unit Apartment Building
    8-Unit Apartment Building

    532 5th St, Boone, IA 50036

    Contact for pricing

    Updated multifamily property with separate gas and electric metering for each residence.

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    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 8 Active listings in Boone, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 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.

    Triplex with Remodeled Cottages
    Triplex with Remodeled Cottages

    212 N Main Street, Woodward, IA 50276

    $169,500
    0.28 AC lot

    Three remodeled one- to two-bedroom cottages with tenants paying utilities, natural gas forced-air heat, and public water and sewer.

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    Mixed-Use Laundromat and Apartments
    Mixed-Use Laundromat and Apartments

    115 S Main St, Woodward, IA 50276

    $223,000

    Income-focused mixed-use property combining a commercial laundromat with five rental units.

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    Multifamily Apartment Building
    Multifamily Apartment Building

    5910 W Lincoln Way, Ames, IA 50014

    Contact for pricing

    Three-story, brick-on-block apartment building with 76 units on the west edge of Ames.

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    Westfield Three-Story Apartments
    Westfield Three-Story Apartments

    5610 W Lincoln Way, Ames, IA 50014

    Contact for pricing

    A 76-unit multifamily property with brick-on-block construction near Iowa State University.

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    Off-Market Properties in Boone, IA

    Consider similar Off-Market properties in Boone, 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.

    2028 Mamie Eisenhower Ave
    MOBILE HOME PARK, TRAILER PARK

    2028 Mamie Eisenhower Ave, Boone, IA 50036-4433

    $255,000
    Estimated value
    4.28 AC lot
    View details
    1901 1st St
    MOBILE HOME PARK, TRAILER PARK

    1901 1st St, Boone, IA 50036-4440

    $245,000
    Estimated value
    6.38 AC lot
    View details
    1901 1st St
    MOBILE HOME PARK, TRAILER PARK

    1901 1st St, Boone, IA 50036-4440

    $220,000
    Estimated value
    0.69 AC lot
    View details
    1901 1st St
    MOBILE HOME PARK, TRAILER PARK

    1901 1st St, Boone, IA 50036-4440

    $235,000
    Estimated value
    3.13 AC lot
    View details
    Boone, IA 50036
    MOBILE HOME PARK, TRAILER PARK

    Boone, IA 50036

    $270,000
    Estimated value
    5.35 AC lot
    View details

    Boone, IA Multifamily Properties Market Trends and Statistics

    Explore 13 multifamily properties for sale in Boone, IA, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 54,306 square feet of properties for sale, with an estimated market value of $1,359,800.

    Sale prices for multifamily properties in Boone, IA start at $119,900, averaging $226,633, and reaching up to $425,000 — 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 6
    Triplexes 2
    Duplexes 1
    Quadplexes 1

    Demographics Overview

    Population 16K
    Population Growth (5Y) -0.8%
    Median Household Income $74,107
    College Educated 9.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    50036 $226.6K

    Taxes & Financing

    Tax Rate (average for all types) 2.32%
    Property Tax per SF $27.84 per SF
    Tax Rate vs County Average 0.14 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Boone County

    New Delisted

    Total CRE Inventory on Market (SF)

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