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    Clear Lake, IA
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    Clear Lake, IA Multifamily Properties for Sale

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    Ventura, IA Mason City, IA Orange City, IA
    Well-Maintained Duplex Near Downtown
    Updated: Mar 20
    Well-Maintained Duplex Near Downtown

    704 8th Avenue N, Clear Lake, IA 50428

    $210,000
    1,456 sqft
    Duplex built in 1910 with vinyl siding
    Each side has ~728 SF and offers 2 bedrooms with a full bath on the upper level and a half bath on the main
    Both units have their own basement, furnace, central A/C, electrical panel, and washer/dryer hookups
    Fireplace is featured in the property
    Detached double garage with a divided wall for tenant‑specific garage doors and stalls
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    This listing looks promising.

    Here's a quick look at some key insights for

    704 8th Avenue N, Clear Lake, IA 50428

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    • Est. Cap Rate

      5.9%
      Above avg (5.9%)

    • Est. NOI

      $12K
      Annual

    • Price @ 7% Cap

      $178K
      Suggested

    • Property Type

      Duplex
      Built 1910
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    Remodeled Duplex with Two Garages
    Updated: Jun 24
    Remodeled Duplex with Two Garages

    805 805 1/2 W 10TH Street, Clear Lake, IA 50428

    $268,500
    1,308 sqft · 0.28 AC lot
    Fully remodeled duplex built in 1977
    Vinyl siding exterior with forced‑air heating
    Each unit features updated flooring, cabinets, and windows
    Each unit includes a garage parking space with brand‑new garage doors and openers
    Public water source
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    Remodeled Duplex Near Clear Lake
    Remodeled Duplex Near Clear Lake

    11 Sunset View Drive, Clear Lake, IA 50428

    $450,000
    2,818 sqft · 0.26 AC lot

    Turnkey duplex near Clear Lake's entertainment and downtown district.

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    Clear Lake Duplex For Sale
    Clear Lake Duplex For Sale

    207 8Th Avenue S, Clear Lake, IA 50428

    $259,900
    1,292 sqft · 0.16 AC lot

    Side-by-side duplex near downtown and lake access in Clear Lake.

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    Side-by-Side Duplex with Patios
    Side-by-Side Duplex with Patios

    207 8Th Avenue S, Clear Lake, IA 50428

    $259,900

    Each unit offers two bedrooms, one bath, outdoor patio space, storage, and ample parking near downtown and lake access.

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 5 Active listings in Clear Lake, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 67 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.

    Side-by-Side Duplex with Attached Garages
    Side-by-Side Duplex with Attached Garages

    1012-1018 Wealthy Street, Albert Lea, MN 56007

    $249,900
    2,080 sqft · 2.00 AC lot

    Two mirrored units offer flexible living options with in-unit laundry hookups and separate utilities.

    View details
    Brick Duplex with Two 3BR Units
    Brick Duplex with Two 3BR Units

    25-27 6th Street NW, Mason City, IA 50401

    $165,000
    4,536 sqft · 0.14 AC lot

    Two separate-entry units each with three bedrooms and 1.5 baths, plus a full basement for storage.

    View details
    Four-Unit Multifamily Property in Mason City
    Four-Unit Multifamily Property in Mason City

    321 3rd Street NW, Mason City, IA 50401

    $145,000
    3,910 sqft · 0.13 AC lot

    Income-producing fourplex with detached garage and outdoor living spaces.

    View details
    Duplex Income Property
    Duplex Income Property

    922 Jefferson Avenue, Albert Lea, MN 56007

    $164,999
    1,637 sqft · 0.14 AC lot

    Duplex with two bedrooms per unit and existing monthly tenants, offering an owner-occupant or investor income setup.

    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.

    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
    Improved Residential Lot Ready-to-Go
    Improved Residential Lot Ready-to-Go

    SE Corner W High Street, Davis City, IA 50065

    Contact for pricing

    Affordable, improved corner lot in Davis City, Iowa.

    View details
    Buildable Residential Lot with Pines
    Buildable Residential Lot with Pines

    Bollig Court lot: 2, Nekoosa, WI 54457

    $35,000
    2.45 AC lot

    A wooded 2.45-acre lot with electric and fiber available at the lot line, suited for a home or cabin.

    View details
    Development Land Off Freeway
    Development Land Off Freeway

    101 Morris Avenue, Hinckley, MN 55037

    $799,000
    9.20 AC lot

    Multi-purpose acreage near the freeway offers flexibility for a range of development concepts.

    View details

    Off-Market Properties in Clear Lake, IA

    Consider similar Off-Market properties in Clear Lake, 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.

    2400 Shr Dr Lot, Unit 4
    MOBILE HOME PARK, TRAILER PARK

    2400 Shr Dr Lot, Clear Lake, IA 50428-2842

    Unit 4
    Value Estimation by Request
    0.11 AC lot
    View details
    706 10th N Ave
    MOBILE HOME PARK, TRAILER PARK

    706 10th N Ave, Clear Lake, IA 50428-1472

    Value Estimation by Request
    4.93 AC lot
    View details
    2400 Shr Dr Lot, Unit 23
    MOBILE HOME PARK, TRAILER PARK

    2400 Shr Dr Lot, Clear Lake, IA 50428-2848

    Unit 23
    Value Estimation by Request
    784 sqft · 0.09 AC lot
    View details
    3001 Willow Crk Ct
    MOBILE HOME PARK, TRAILER PARK

    3001 Willow Crk Ct, Clear Lake, IA 50428

    Value Estimation by Request
    38.50 AC lot
    View details
    2400 Shr Dr Lot A
    MOBILE HOME PARK, TRAILER PARK

    2400 Shr Dr Lot A, Clear Lake, IA 50428-2842

    Value Estimation by Request
    0.12 AC lot
    View details
    5851 Shr Dr
    MOBILE HOME PARK, TRAILER PARK

    5851 Shr Dr, Clear Lake, IA 50428-9136

    Value Estimation by Request
    1.56 AC lot
    View details
    2400 Shr Dr Lot C
    MOBILE HOME PARK, TRAILER PARK

    2400 Shr Dr Lot C, Clear Lake, IA 50428-2842

    Value Estimation by Request
    0.11 AC lot
    View details
    2400 Shr Dr Lot B
    MOBILE HOME PARK, TRAILER PARK

    2400 Shr Dr Lot B, Clear Lake, IA 50428-2842

    Value Estimation by Request
    0.10 AC lot
    View details
    2400 Shr Dr E E Lot
    MOBILE HOME PARK, TRAILER PARK

    2400 Shr Dr E E Lot, Clear Lake, IA 50428-2842

    Value Estimation by Request
    0.11 AC lot
    View details
    2400 Shr Dr Lot D
    MOBILE HOME PARK, TRAILER PARK

    2400 Shr Dr Lot D, Clear Lake, IA 50428-2842

    Value Estimation by Request
    0.11 AC lot
    View details
    1200 10th N Ave
    MOBILE HOME PARK, TRAILER PARK

    1200 10th N Ave, Clear Lake, IA 50428-2071

    Value Estimation by Request
    9.45 AC lot
    View details
    2400 Shr Dr Lot, Unit 9
    MOBILE HOME PARK, TRAILER PARK

    2400 Shr Dr Lot, Clear Lake, IA 50428-2842

    Unit 9
    Value Estimation by Request
    0.09 AC lot
    View details
    2400 Shr Dr Lot, Unit 8
    MOBILE HOME PARK, TRAILER PARK

    2400 Shr Dr Lot, Clear Lake, IA 50428-2842

    Unit 8
    Value Estimation by Request
    0.09 AC lot
    View details
    2400 Shr Dr Lot, Unit 7
    MOBILE HOME PARK, TRAILER PARK

    2400 Shr Dr Lot, Clear Lake, IA 50428-2842

    Unit 7
    Value Estimation by Request
    0.09 AC lot
    View details
    2400 Shr Dr Lot, Unit 6
    MOBILE HOME PARK, TRAILER PARK

    2400 Shr Dr Lot, Clear Lake, IA 50428-2842

    Unit 6
    Value Estimation by Request
    0.11 AC lot
    View details
    2400 Shr Dr Lot, Unit 56
    MOBILE HOME PARK, TRAILER PARK

    2400 Shr Dr Lot, Clear Lake, IA 50428-2850

    Unit 56
    Value Estimation by Request
    0.08 AC lot
    View details
    2400 Shr Dr Lot, Unit 55
    MOBILE HOME PARK, TRAILER PARK

    2400 Shr Dr Lot, Clear Lake, IA 50428-2850

    Unit 55
    Value Estimation by Request
    0.09 AC lot
    View details
    2400 Shr Dr Lot, Unit 54
    MOBILE HOME PARK, TRAILER PARK

    2400 Shr Dr Lot, Clear Lake, IA 50428-2850

    Unit 54
    Value Estimation by Request
    0.09 AC lot
    View details
    2400 Shr Dr Lot, Unit 53
    MOBILE HOME PARK, TRAILER PARK

    2400 Shr Dr Lot, Clear Lake, IA 50428-2850

    Unit 53
    Value Estimation by Request
    0.09 AC lot
    View details

    Clear Lake, IA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Clear Lake, IA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 6,874 square feet of properties for sale, with an estimated market value of $1,188,400.

    Sale prices for multifamily properties in Clear Lake, IA start at $210,000, averaging $297,100, and reaching up to $450,000 — 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

    Duplexes 5

    Demographics Overview

    Population 9,093
    Population Growth (5Y) -2.6%
    Median Household Income $72,932
    College Educated 43.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    50428 $289.7K

    Taxes & Financing

    Tax Rate (average for all types) 1.86%
    Property Tax per SF $22.31 per SF
    Tax Rate vs County Average 0.31 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cerro Gordo County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

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

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