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    Oelwein, IA
    Multifamily

    Oelwein, IA Multifamily Properties for Sale

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    Hazleton, IA Maynard, IA Westgate, IA Independence, IA Fairbank, IA Arlington, IA Readlyn, IA Sumner, IA
    Mixed-Use Retail and Apartments Building
    Updated: Jun 19
    Mixed-Use Retail and Apartments Building

    1 S Frederick Avenue, Oelwein, IA 50662

    $199,000
    9,510 sqft
    Mixed‑use commercial building (1890) with seven income‑producing spaces: five upper‑level apartments plus two retail storefronts
    Apartment mix includes three 1‑bedroom units and two 2‑bedroom units
    Main level has a spacious open retail area currently vacant and ready for an owner‑occupant or new tenant
    Separate smaller retail space is already leased, providing immediate rental income
    Over the past 15 years, capital improvements include updated windows, roof, water heater, sidewalks, and sewer and water lines
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    Updated Triplex Rental Property
    Updated: Aug 15
    Updated Triplex Rental Property

    400 S Frederick, Oelwein, IA 50662

    $165,000
    2,589 sqft
    Three‑unit multifamily rental property
    2589 SF total property size
    Currently fully rented
    Recent updates completed
    Built in 1940
    View details
    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 2 Active listings in Oelwein, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 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.

    Updated 8-Unit Apartment Building
    Updated 8-Unit Apartment Building

    732 High Street, Arlington, IA 50606

    $460,000
    5,628 sqft

    Established multifamily property with renovated flooring, new garage units, and reported renter demand.

    View details
    Fully Rented Triplex with Separate Meters
    Fully Rented Triplex with Separate Meters

    314 Lester St, Waterloo, IA 50703

    $85,000
    1,380 sqft

    Triplex income property with three 1-bedroom units, each with its own electric meter and updated interiors.

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    36-Site Mobile Home & RV Park
    36-Site Mobile Home & RV Park

    1229 1st Avenue Northeast, Independence, IA 50644

    Contact for pricing

    Community combines manufactured housing, long-term RV sites, rent-to-own units, and a single-family rental home.

    View details
    Updated Triplex
    Updated Triplex

    314 Lester Street, Waterloo, IA 50703

    $85,000
    0.18 AC lot

    Fully leased three-unit property with individually metered electricity and recent interior improvements.

    View details

    Off-Market Properties in Oelwein, IA

    Consider similar Off-Market properties in Oelwein, 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.

    102 8Th Ave
    Multifamily properties

    102 8Th Ave, Oelwein, IA 50662

    Estimated value:
    by Request
    View details
    1974 Q Ave
    MOBILE HOME PARK, TRAILER PARK

    1974 Q Ave, Oelwein, IA 50662-9601

    Estimated value:
    $230,000
    62.02 AC lot
    View details
    406 3rd NW Ave
    MOBILE HOME PARK, TRAILER PARK

    406 3rd NW Ave, Oelwein, IA 50662-1121

    Estimated value:
    $150,000
    0.86 AC lot
    View details

    Oelwein, IA Multifamily Properties Market Trends and Statistics

    Explore 5 multifamily properties for sale in Oelwein, IA on our real estate platform. These investment opportunities span a total of 12,099 square feet of properties for sale, with an estimated market value of $364,000.

    Sale prices for multifamily properties in Oelwein, IA start at $165,000, averaging $182,000, and reaching up to $199,000 — 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 1
    Triplexes 1

    Demographics Overview

    Population 6,497
    Population Growth (5Y) -3.9%
    Median Household Income $49,145
    College Educated 22.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    50662 $153K

    Taxes & Financing

    Tax Rate (average for all types) 2.90%
    Property Tax per SF $31.95 per SF
    Tax Rate vs County Average 0.42 pp above county avg
    Average Loan-to-Value 65.0%

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