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    Rock Rapids, IA Multifamily Properties for Sale

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    Lester, IA Alvord, IA George, IA
    Renovated Duplex in Rock Rapids
    $425,000
    2,220 SF

    Renovated Duplex in Rock Rapids

    507 S Greene Street, Rock Rapids, IA 51246

    Completely renovated duplex with modern amenities and income potential.

    • Fully renovated/reconstructed duplex with modern finishes and open layouts, offering 2 units each with 3 bedrooms and 2 bathrooms.
    • Investment incentive: Qualifies for a 100% tax exemption on the first $75,000 of improvements for five years.
    • Each unit has its own insulated and heated 2‑stall garage.
    • Separate HVAC systems, water heaters, and individual utility meters for each unit.
    • All appliances (kitchen, washer, dryer) are new or refurbished models bought in 2024 and are included.
    Updated: Sep 10, 2025
    View details
    Based on your search, we've compiled 4 Potential Opportunities for your consideration. Besides 1 Active listings in Rock Rapids, IA, we suggest exploring several alternatives: similar 3 Off-Market properties to explore as potential leads

    Off-Market Properties in Rock Rapids, IA

    Consider similar Off-Market properties in Rock Rapids, 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.

    901 2nd E Ave

    901 2nd E Ave

    MOBILE HOME PARK, TRAILER PARK • 1.71 Acres
    Value Estimation by Request
    901 2nd E Ave, Rock Rapids, IA 51246-1740
    View details
    Rock Rapids, IA 51246

    Rock Rapids, IA 51246

    MOBILE HOME PARK, TRAILER PARK • 4.06 Acres
    Value Estimation by Request
    Rock Rapids, IA 51246
    View details
    Rock Rapids, IA 51246

    Rock Rapids, IA 51246

    MOBILE HOME PARK, TRAILER PARK • 3.74 Acres
    Value Estimation by Request
    Rock Rapids, IA 51246
    View details

    Rock Rapids, IA Multifamily Properties Investment Opportunities Market Analysis

    Explore 4 multifamily properties for sale in Rock Rapids, IA on our real estate platform. These investment opportunities span a total of 2,220 square feet of properties for sale, with an estimated market value of $425,000.

    Sale prices for multifamily properties in Rock Rapids, IA start at $425,000, averaging $425,000, and reaching up to $425,000 — 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

    Duplexes 1

    Demographics Overview

    Population 4,075
    Population Growth (5Y) +20.4%
    Median Household Income $69,320
    College Educated 24.2%

    High-Yield Neighborhoods for Strategic Investment

    Identify Rock Rapids submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    51246 $425K

    Taxes & Financing

    Tax Rate (average for all types) 2.13%
    Property Tax per SF $27.04 per sq ft
    Tax Rate vs County Average 0.27 pp above county avg
    Average Loan-to-Value 65.0%

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