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    Lamoni, IA
    Multifamily

    Lamoni, IA Multifamily Properties for Sale

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    Davis City, IA Eagleville, MO Kellerton, IA Decatur, IA Blythedale, MO Bethany, MO Leon, IA Mount Ayr, IA
    Multi-Unit Residential Income Property
    Updated: Dec 30, 2025
    Multi-Unit Residential Income Property

    416 Elm Street S, Lamoni, IA 50140

    $69,900
    0.48 AC lot
    Year built 1890 home with metal roof and laminate flooring
    Public water service; forced air heating
    Most recently used as a duplex/tri‑plex with multiple entries and multi‑metered setup
    Main floor includes 2 bedrooms, updated kitchen with appliances, dining and living areas, 1/2 bath, and washer/dryer hookups
    Upper level option for 2 additional units: one with 2 bedrooms, kitchenette, and full bath; the other with large room, walk‑in closet, and full bath
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    Remodeled Apartment Building with Laundromat
    Updated: Sep 14, 2023
    Remodeled Apartment Building with Laundromat

    318 E Main Street, Lamoni, IA 50140

    $999,000
    1.00 AC lot
    20 Units, All One‑Bedroom, offering consistent and manageable units.
    Fully Remodeled and in Excellent Condition, attracting tenants with reduced maintenance.
    Full Commercial Laundry Facility with 6 washing machines and 8 dryers, a valuable amenity.
    Includes Office and Office Elevator, providing on‑site management and accessibility.
    Brick Construction offers durability.
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    Remodeled Apartment Building with Laundromat
    Remodeled Apartment Building with Laundromat

    318 E Main Street, Lamoni, IA 50140

    $800,000

    20-unit apartment building with laundromat near Graceland College.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 Active listings in Lamoni, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

    12-Unit Apartment with Medical Office
    12-Unit Apartment with Medical Office

    1201 E South Street, Mount Ayr, IA 50854

    $1,100,000
    2.00 AC lot

    Multifamily property with 12 two-bedroom units plus an occupied medical office, situated on highly visible Highway 2 land.

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    Mixed-Use Retail and Apartments
    Mixed-Use Retail and Apartments

    210 W Montgomery Street, Creston, IA 50801

    $89,900
    5,600 sqft 0.07 AC lot

    Retail storefront with four upstairs apartments and a full basement, with appliances included.

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    Multifamily and Medical Office Building
    Multifamily and Medical Office Building

    1201 E South Street, Mount Ayr, IA 50854

    Contact for pricing

    A 12-unit residential complex with an on-site medical office, set on over 2 acres along Highway 2.

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    Mixed-Use Retail with Apartments
    Mixed-Use Retail with Apartments

    210 W Montgomery Street, Creston, IA 50801

    Contact for pricing

    Retail storefront with four upstairs apartments and a full basement, with income from both retail and residential units.

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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.

    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.

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    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.

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    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.

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    Prime Land Near Drake Harbor
    Prime Land Near Drake Harbor

    14 Acres 7 Highway, Warsaw, MO 65355

    $295,000
    14.00 AC lot

    14 acres near Drake Harbor, ideal for development and investment.

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    Off-Market Properties in Lamoni, IA

    Consider similar Off-Market properties in Lamoni, 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.

    300 Linden St
    Multifamily properties

    300 Linden St, Lamoni, IA 50140

    Value Estimation by Request
    2,220 sqft 0.28 AC lot
    View details

    Lamoni, IA Multifamily Properties Market Trends and Statistics

    Explore 4 multifamily properties for sale in Lamoni, IA, showcased through 3 active listings on our real estate platform.

    Sale prices for multifamily properties in Lamoni, IA start at $69,900, averaging $622,966, and reaching up to $999,000 — 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 2
    Duplexes 1
    Triplexes 1

    Demographics Overview

    Population 2,817
    Population Growth (5Y) -0.5%
    Median Household Income $54,000
    College Educated 71.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    50140 $560K

    Taxes & Financing

    Tax Rate (average for all types) 3.37%
    Tax Rate vs County Average 0.45 pp above county avg
    Average Loan-to-Value 65.0%

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