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    Mount Ayr, IA
    Multifamily

    Mount Ayr, IA Multifamily Properties for Sale

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    Corydon, IA Diagonal, IA Kellerton, IA Redding, IA Ellston, IA Beaconsfield, IA Clearfield, IA Lamoni, IA
    12-Unit Apartment Complex with In-Unit Laundry
    Updated: Jun 23
    12-Unit Apartment Complex with In-Unit Laundry

    1201 E South Street, Mount Ayr, IA 50854

    $1,100,000
    2.00 AC lot
    12‑unit apartment complex
    Over 2 acres of prime commercial real estate
    Highly visible location along Highway 2
    Apartment units feature two bedrooms, one bathroom, and in‑unit laundry
    Commercial office space currently occupied by a medical office
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    8-Unit Apartment Building
    Updated: Jul 28
    8-Unit Apartment Building

    501 N Taylor Street, Mount Ayr, IA 50854

    Contact for pricing
    Eight apartments with a balanced mix of four two‑bedroom and four one‑bedroom units
    12 open parking spaces plus green space
    2025 improvements include new roof, siding, gutters, and soffits
    Covered exterior entrance serves upper‑level apartments; garden‑level units also included
    Electric baseboard heat and window air conditioning in each apartment
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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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    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 11 Potential Opportunities for your consideration. Besides 3 Active listings in Mount Ayr, 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.

    Quadplex with Storefront
    Quadplex with Storefront

    210 W Montgomery Street, Creston, IA 50801

    $89,900
    5,600 sqft 0.07 AC lot

    Brick quadplex with storefront retail space and upstairs apartments, including kitchens, living/dining areas, and separate bedrooms.

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    Triplex with Double Garage
    Triplex with Double Garage

    416 Elm Street S, Lamoni, IA 50140

    $69,900
    0.48 AC lot

    Triplex-style home with multiple entries, multi-meter setup, and a large updated kitchen with direct walk-out access.

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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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    Remodeled Apartment Building with Laundromat
    Remodeled Apartment Building with Laundromat

    318 E Main Street, Lamoni, IA 50140

    $999,000

    20-unit apartment building with laundromat near Graceland College.

    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.

    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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    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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    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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    Mount Ayr, IA Multifamily Properties Market Trends and Statistics

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

    Sale prices for multifamily properties in Mount Ayr, IA average $1,100,000 — 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 3

    Demographics Overview

    Population 2,304
    Population Growth (5Y) -10.9%
    Median Household Income $69,352
    College Educated 33.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    50854 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 2.65%
    Property Tax per SF $28.25 per SF
    Tax Rate vs County Average 0.21 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Ringgold County

    New Delisted

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