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    Storm Lake, IA
    Multifamily

    Storm Lake, IA Multifamily Properties for Sale

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    Lakeside, IA Alta, IA Newell, IA Schaller, IA Cherokee, IA Sac City, IA Sioux Rapids, IA Fonda, IA
    6-Unit Apartment Building
    Updated: Jul 3
    6-Unit Apartment Building

    416 Michigan, Storm Lake, IA 50588

    $260,000
    5,015 sqft 0.17 AC lot
    6‑unit multifamily with 100% occupancy and exterior parking for tenants
    Unit mix: 2 one‑bedroom/one‑bath units and 4 two‑bedroom/one‑bath units
    Annual rent roll: $4,400 market rent and $4,400 actual rent (per provided rent roll)
    Shared coin‑operated laundry in the basement with washer/dryer
    Heating: baseboard; cooling: window unit(s); year built: 1955
    View details
    Updated Duplex With Owner Suite
    Updated: Apr 14
    Updated Duplex With Owner Suite

    718 SENECA ST, Storm Lake, IA 50588

    $175,000
    2,488 sqft 0.14 AC lot
    Duplex built in 1915 with hot water heating
    Approx. 1,244 sq ft per level, providing spacious living area across both floors
    Main floor unit offers 3 bedrooms and 1 full bathroom
    Second‑floor unit offers 4 bedrooms and 1 full bathroom
    Major upgrades include new siding, new roof, new sewer line, and updated electrical service
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    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.

    Renovation-Ready 6-Plex
    Renovation-Ready 6-Plex

    21 W 1ST ST, Spencer, IA 51301

    $175,000
    4,308 sqft 0.12 AC lot

    Partially remodeled 6-plex with 2 units rented and 4 units available for renovation and lease-up.

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    Ida Grove Triplex For Sale
    Ida Grove Triplex For Sale

    800 Valley View Drive, Ida Grove, IA 51445

    $349,000
    1.06 AC lot

    Fully occupied triplex with immediate income potential in Ida Grove.

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    68-Unit Concrete Apartment Building
    68-Unit Concrete Apartment Building

    110 4th Street SE, Spencer, IA 51301

    Contact for pricing

    Well-built concrete multifamily with individually metered electric and A/C in all units.

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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    200 King Street, Ida Grove, IA 51445

    Contact for pricing

    Two-unit residential income property with separate garages or carports for each unit.

    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.

    Lakeshore Recreation Land Parcel
    Lakeshore Recreation Land Parcel

    Tripp, Fulda, MN 56131

    $124,900
    9.30 AC lot

    Recreation residential shoreland acreage with gravel access and measured lakeshore for RV or seasonal campground plans.

    View details
    Lakefront Recreation Lot with Boat Lift
    Lakefront Recreation Lot with Boat Lift

    21425 Sunset Trail, Lake Preston, SD 57249

    $193,800
    0.46 AC lot

    Manageable lakefront lot with utilities on site, approximately 75 feet of shoreline, and a boat lift for seasonal water use.

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    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.

    View details
    Land for Multi-Family Housing
    Land for Multi-Family Housing

    1610 7th Avenue E, Alexandria, MN 56308

    $249,900
    2.16 AC lot

    2.16 acre lot zoned for multi-family housing development.

    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

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

    Value Estimation by Request
    1.99 AC lot
    View details
    1222 590th St
    MOBILE HOME PARK, TRAILER PARK

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

    Value Estimation by Request
    12.48 AC lot
    View details
    1222 590th St
    MOBILE HOME PARK, TRAILER PARK

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

    Value Estimation by Request
    2.87 AC lot
    View details
    8th
    MOBILE HOME PARK, TRAILER PARK

    8th, Storm Lake, IA 50588

    Value Estimation by Request
    4.42 AC lot
    View details
    9th
    MOBILE HOME PARK, TRAILER PARK

    9th, Storm Lake, IA 50588

    Value Estimation by Request
    4.42 AC lot
    View details

    Storm Lake, IA Multifamily Properties Market Trends and Statistics

    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 $435,000.

    Sale prices for multifamily properties in Storm Lake, IA start at $175,000, averaging $217,500, and reaching up to $260,000 — 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
    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 average listing prices of real estate assets

    Neighborhood Average Price
    50588 $209K

    Taxes & Financing

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

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