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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 Garner, IA Manly, IA Forest City, IA Rockford, IA Meservey, IA Northwood, IA
    Duplex with Attached Garages
    Updated: Jul 20
    Duplex with Attached Garages

    815 817 W 10 Avenue N, Clear Lake, IA 50428

    $299,000
    2,580 sqft 0.22 AC lot
    Duplex built in 1978 with wood siding and forced‑air heating
    Each unit offers approx. 1,040 sq ft of finished living space
    Each unit includes an attached garage
    Each unit has a full unfinished basement for storage or potential future finishing
    Water source: public
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    This listing looks promising.

    Here's a quick look at some key insights for

    815 817 W 10 Avenue N, Clear Lake, IA 50428

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    • Est. Cap Rate

      7.4%
      Above avg (5.9%)

    • Est. NOI

      $22K
      Annual

    • Price @ 7% Cap

      $315K
      Above asking

    • Property Type

      Duplex
      Built 1978
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    Well-Maintained Duplex with Central A/C
    Updated: Jul 9
    Well-Maintained Duplex with Central A/C

    308 S 12th Street, Clear Lake, IA 50428

    $287,500
    1,243 sqft 0.16 AC lot
    Well‑maintained duplex built in 1950 with vinyl siding and forced‑air heating
    Upper unit: 2 bed, 1 bath layout with new flooring and fresh paint
    Lower unit: 1 bed, 1 bath layout with new flooring and fresh paint
    Two brand‑new central A/C units for added comfort in both units
    Public water source
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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

    Contact for pricing

    Each unit offers two bedrooms, one bath, outdoor patio space, storage, and ample parking near downtown and lake 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
    Remodeled Duplex with Garage Parking
    Remodeled Duplex with Garage Parking

    805 805 1/2 W 10th Av N Street, Clear Lake, IA 50428

    $258,500
    1,308 sqft 0.28 AC lot

    Two updated residential units feature refreshed interiors and individual garage spaces in a quiet Clear Lake neighborhood.

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    Based on your search, we've compiled 76 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

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Triplex Income Property with Garage
    Triplex Income Property with Garage

    403 S 4Th Avenue E, Lake Mills, IA 50450

    $109,900
    1,811 sqft 0.48 AC lot

    Three-unit triplex with two main-level apartments and a two-bedroom upper unit, plus a detached double garage.

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    Side-by-Side Duplex with Detached Garage
    Side-by-Side Duplex with Detached Garage

    18 Linden Drive, Mason City, IA 50401

    $150,000
    3,060 sqft

    Side-by-side duplex with two 2-bedroom, 1-bath units, an enclosed porch, and an upper-level deck, plus a detached 2-stall garage.

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    Side-by-Side Duplex with Garage
    Side-by-Side Duplex with Garage

    18 Linden Drive, Mason City, IA 50401

    $150,000
    3,060 sqft

    Two distinct residences feature enclosed outdoor space, an upper deck, hardwood flooring, and a detached garage.

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    Income-Producing Triplex Property
    Income-Producing Triplex Property

    403 S 4Th Avenue E, Lake Mills, IA 50450

    Contact for pricing
    0.48 AC lot

    Triplex with three tenant-occupied units and a 2025 boiler, plus outdoor space and a detached double garage.

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    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
    $235,000
    Estimated value
    0.11 AC lot
    View details
    706 10th N Ave
    MOBILE HOME PARK, TRAILER PARK

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

    $230,000
    Estimated value
    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
    $235,000
    Estimated value
    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

    $245,000
    Estimated value
    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

    $240,000
    Estimated value
    0.12 AC lot
    View details
    5851 Shr Dr
    MOBILE HOME PARK, TRAILER PARK

    5851 Shr Dr, Clear Lake, IA 50428-9136

    $235,000
    Estimated value
    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

    $240,000
    Estimated value
    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

    $240,000
    Estimated value
    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

    $240,000
    Estimated value
    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

    $240,000
    Estimated value
    0.11 AC lot
    View details
    1200 10th N Ave
    MOBILE HOME PARK, TRAILER PARK

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

    $245,000
    Estimated value
    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
    $245,000
    Estimated value
    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
    $245,000
    Estimated value
    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
    $245,000
    Estimated value
    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
    $240,000
    Estimated value
    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
    $245,000
    Estimated value
    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
    $245,000
    Estimated value
    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
    $245,000
    Estimated value
    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
    $245,000
    Estimated value
    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 6,423 square feet of properties for sale, with an estimated market value of $1,104,900.

    Sale prices for multifamily properties in Clear Lake, IA start at $258,500, averaging $276,225, and reaching up to $299,000 — 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 $309K

    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)

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