Technical
Financial
Distress signals
Property profile

215 1st St Council Bluffs, IA 51503

OFF-MARKET
Residential income homes
Property ID
US25-0060617
0.16 ac lot Built 1972
Entity Owned 20-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1972
Lot 0.16 ac (6,970 SF)
Zoning code R-3
APN 7544 25 489 005
UPID US25-0060617

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

215 1st St Council Bluffs, IA 51503-4422
Council Bluffs metro Census 31100 OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2006
1 recorded transaction
2006
$450,000

Zoning & alternative use

R-3 · Council Bluffs, IA
Zoning description

Chapter 15.10 - R-3/LOW DENSITY MULTIFAMILY RESIDENTIAL DISTRICT 15.10.010 Statement Of Intent 15.10.020 Principal Uses 15.10.030 Conditional Uses 15.10.040 Accessory Uses 15.10.050 Site Development Regulations 15.10.060…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 215 1st St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message