Cherokee, IA Multifamily properties for sale

Updated: Sep 15, 2025

Renovated Duplex with Garage

222 & 224 W Elm Street, Cherokee, IA 51012

$140,000

1,952 sqft 0.11 AC lot

1,952 SF duplex with one unit on the main floor and one on the second floor
Main unit includes eat‑in kitchen, dining room, living room, bedroom, and full bath
Second unit has kitchen, living room, bedroom, bath, plus a possible bedroom or den
New roof, siding, windows, and majority of flooring
Three‑car garage with shop area and alley access

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

Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Cherokee, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

Six-Unit Apartment Building

416 Michigan, Storm Lake, IA 50588

$260,000

5,015 sqft 0.17 AC lot

Fully occupied residential property with one- and two-bedroom units, shared basement laundry, and exterior tenant parking.

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Updated Two-Unit Duplex

718 SENECA ST, Storm Lake, IA 50588

$167,000

2,488 sqft 0.14 AC lot

Two residential units offer distinct layouts, recent property upgrades, and proximity to shopping and everyday services.

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4-Unit Quadplex with Private Garages

802 Valley View Drive, Ida Grove, IA 51445

$425,000

0.72 AC lot

Quadplex in Ida Grove with 2-bedroom, 1.5-bath units, each with its own garage stall and basement.

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Two-Unit Residential Income Property

200 King Street, Ida Grove, IA 51445

Contact for pricing

Two-unit residential income property with separate garages or carports for each unit.

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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.

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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Waterfront Land with Boat Lift

21425 Sunset Trail, Lake Preston, SD 57249

$193,800

0.46 AC lot

Lake Thompson lake lot with on-site utilities and a Hewitt boat lift for convenient seasonal boating and fishing.

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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.

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Land for Multi-Family Housing

1610 7th Avenue E, Alexandria, MN 56308

$249,900

2.16 AC lot

2.16 acre lot zoned for multi-family housing development.

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Cherokee, IA Multifamily Properties Market Trends and Statistics

Explore 1 multifamily properties for sale in Cherokee, IA on our real estate platform. These investment opportunities span a total of 1,952 square feet of properties for sale, with an estimated market value of $140,000.

Sale prices for multifamily properties in Cherokee, IA average $140,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
51012	$140K

Neighborhood

Average Price

51012

$140K

Cherokee, IA Multifamily Properties for Sale

222 & 224 W Elm Street, Cherokee, IA 51012