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    Storm Lake, IA Multifamily Properties for Sale

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    Lakeside, IA Alta, IA Schaller, IA
    Duplex Investment with Private Owner Suite
    $209,000
    2,488 SF
    Duplex Investment with Private Owner Suite

    718 SENECA ST, Storm Lake, IA 50588

    Well-maintained two-unit duplex with major exterior and service upgrades, positioned for rental income or house-hacking.
    • Well‑maintained duplex with a private owner’s suite
    • Each level offers approximately 1,244 sq ft for generous living space across all floors
    • Main floor unit: 3 bedrooms and 1 full bathroom
    • Second‑floor unit: 4 bedrooms and 1 full bathroom
    • Major upgrades include new siding, new roof, new sewer line, and updated electrical service
    Updated: Apr 14
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    6-Unit Multifamily with Exterior Parking
    $285,000
    5,015 SF
    6-Unit Multifamily with Exterior Parking

    416 Michigan, Storm Lake, IA 50588

    Well-maintained 6-unit complex with exterior parking, basement laundry, and 100% occupancy supporting steady rental income.
    • 6‑unit property built in 1955 with 100% occupied units.
    • Unit mix: 2 one‑bedroom/one‑bath units and 4 two‑bedroom/one‑bath units.
    • Rent roll: Market rent $4,400 and actual rent $4,400 (per provided T12 history).
    • Shared coin‑operated laundry in the basement with approximately $400/year in revenue.
    • Utilities split: tenant pays electric; owner pays common electric ($130/mo), water/sewer ($680), gas ($56/mo), and garbage ($93/mo).
    Updated: Sep 23, 2025
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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 2 Active listings in Storm Lake, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 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.

    Value-Add 6-Unit Apartment Building
    $175,000
    4,308 SF
    Value-Add 6-Unit Apartment Building

    Partially remodeled 6-plex with two units rented and four units ready for renovation and lease-up to boost returns.

    21 W 1ST ST, Spencer, IA 51301

    View details
    Commercial Building with Tin Roof
    $334,000
    0.16 Acres
    Commercial Building with Tin Roof

    Versatile, updated building offering multiple rentable areas for retail, dining, events, and potential short-term stays.

    601 2nd St, Ida Grove, IA 51445

    View details
    Ida Grove Triplex For Sale
    $349,000
    1.06 Acres
    Ida Grove Triplex For Sale

    Fully occupied triplex with immediate income potential in Ida Grove.

    800 Valley View Drive, Ida Grove, IA 51445

    View details
    Spencer Iowa Multifamily Investment Opportunity
    $115,000
    0.18 Acres
    Spencer Iowa Multifamily Investment Opportunity

    Multifamily property in Spencer, Iowa, with a strong occupancy history.

    19 E 2nd Street, Spencer, IA 51301

    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.

    Waterfront Recreational Land Parcel
    $124,900
    9.30 Acres
    Waterfront Recreational Land Parcel

    Private lakeshore acreage with a gravel central drive and recognized RV or seasonal campground potential, subject to approvals.

    Fulda, MN 56131

    View details
    Improved Residential Lot Ready-to-Go
    Contact for pricing
    Improved Residential Lot Ready-to-Go

    Affordable, improved corner lot in Davis City, Iowa.

    SE Corner W High Street, Davis City, IA 50065

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    Lake Thompson Waterfront Recreational Lot
    $193,800
    0.46 Acres
    Lake Thompson Waterfront Recreational Lot

    0.46 acre lot with 75 feet of lake frontage.

    21425 Sunset Trail, Lake Preston, SD 57249

    View details
    Bethany Land Ready For Development
    $300,000
    10.00 Acres
    Bethany Land Ready For Development

    10-acre commercial property with development potential near I-35.

    0 N 41st St, Bethany, MO 64424

    View details

    Off-Market Properties in Storm Lake, IA

    Consider similar Off-Market properties in Storm Lake, 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.

    1222 590th St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 1.99 Acres
    Value Estimation by Request

    1222 590th St, Storm Lake, IA 50588-7509

    View details
    1222 590th St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 12.48 Acres
    Value Estimation by Request

    1222 590th St, Storm Lake, IA 50588-7509

    View details
    1222 590th St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 2.87 Acres
    Value Estimation by Request

    1222 590th St, Storm Lake, IA 50588-7509

    View details
    8th
    MOBILE HOME PARK, TRAILER PARK
    Lot: 4.42 Acres
    Value Estimation by Request

    8th, Storm Lake, IA 50588

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    9th
    MOBILE HOME PARK, TRAILER PARK
    Lot: 4.42 Acres
    Value Estimation by Request

    9th, Storm Lake, IA 50588

    View details

    Storm Lake, IA Multifamily Properties Investment Opportunities Market Analysis

    Explore 7 multifamily properties for sale in Storm Lake, IA on our real estate platform. These investment opportunities span a total of 7,503 square feet of properties for sale, with an estimated market value of $494,000.

    Sale prices for multifamily properties in Storm Lake, IA start at $209,000, averaging $247,000, and reaching up to $285,000 — 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

    Apartment buildings 1
    Duplexes 1

    Demographics Overview

    Population 13K
    Population Growth (5Y) +6.7%
    Median Household Income $65,475
    College Educated 31.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    50588 $247K

    Taxes & Financing

    Tax Rate (average for all types) 3.17%
    Property Tax per SF $32.45 per sq ft
    Tax Rate vs County Average 0.74 pp above county avg
    Average Loan-to-Value 65.0%

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