Multifamily

Shenandoah, IA Multifamily Properties for Sale

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Essex, IA Coin, IA Riverton, IA Sidney, IA Hamburg, IA Clarinda, IA Emerson, IA Tabor, IA
5-Unit Brick Apartment Building
Updated: Sep 30
5-Unit Brick Apartment Building

301 S Elm Street, Shenandoah, IA 51601

$229,000
Five‑unit apartment property
Brick construction with shingle roof
Built in 1952
Forced‑air heat and central air, with wall‑unit cooling
Range and refrigerator included
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics
Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 1 Active listings in Shenandoah, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 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.

Mixed-Use Building with Apartments
Mixed-Use Building with Apartments

407 Main Street, Bedford, IA 50833

$140,000
0.12 AC lot

Historic commercial building combining an operating fitness center with updated residential units and separate utility metering.

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Two-Home Duplex Property
Two-Home Duplex Property

406 S Mulberry St, Maryville, MO 64468

$245,000

Two separate residences offer flexible owner-occupant or rental use, with updated interiors and a detached garage workshop.

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Updated Duplex With Separate Apartment
Updated Duplex With Separate Apartment

1108 N Main St, Maryville, MO 64468

$259,900

Historic residence offers flexible living space, private entry, and an established apartment lease.

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Former Bank Building with Apartments
Former Bank Building with Apartments

407 Main Street, Bedford, IA 50833

Contact for pricing

A former bank building featuring a main-level fitness center and three upstairs apartments, plus updated building systems.

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Off-Market Properties in Shenandoah, IA

Consider similar Off-Market properties in Shenandoah, 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.

512 Ferguson Rd
MOBILE HOME PARK, TRAILER PARK

512 Ferguson Rd, Shenandoah, IA 51601-1400

Estimated value:
$160,000
6.74 AC lot
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1980 Hickory Ave
MOBILE HOME PARK, TRAILER PARK

1980 Hickory Ave, Shenandoah, IA 51601-4542

Estimated value:
$255,000
6.14 AC lot
View details

Shenandoah, IA Multifamily Properties Market Trends and Statistics

Explore 3 multifamily properties for sale in Shenandoah, IA on our real estate platform.

Sale prices for multifamily properties in Shenandoah, IA average $229,000 — 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

Demographics Overview

Population 5,562
Population Growth (5Y) -1.8%
Median Household Income $59,647
College Educated 8.5%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
51601 $229K

Taxes & Financing

Tax Rate (average for all types) 2.67%
Property Tax per SF $32.03 per SF
Tax Rate vs County Average 0.03 pp below county avg
Average Loan-to-Value 65.0%

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