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Property profile & analytics

73 Shaw St Lansing, IA 52151

  • Residential income homes
  • 2,684 SF
OFF-MARKET
Value Estimation
Location Intelligence
Property ID
US25-1149905
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Residential income homes

Property Details for 73 Shaw St

Year built
1960
Property size
2,684 SF
Property type
Residential income homes
APN
0829301009

Description

This exceptional investment opportunity presents a two-unit duplex located at 73 Shaw St, Lansing, IA 52151, in Allamakee County. Built in 1960, this Class B multifamily property boasts a total of 2,684 square feet situated on a generous 15,180 square foot lot. The property features two large, recently renovated units, each offering ample living space. Specifically, the property includes five bedrooms and 2.5 bathrooms, along with a spacious open-concept kitchen, dining, and living area. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $21,726, translating to an 8.20% cap rate and a price per square foot of $98.73. The asking price for this turnkey investment is $265,000, or $132,500 per unit. Each unit enjoys four parking spaces. The property is served by an artesian water system and is conveniently located within walking distance of local dining options and minutes from boat landings, capitalizing on the area's river town tourism. The property is zoned R and is subject to a ground lease expiring May 31, 2024. This value-add investment benefits from a rising rental market and increasing demand, making it an attractive addition to any portfolio. The property's APN is 0829301009.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Lansing
County
Allamakee
State
Iowa
Longitude
-91.2270223
Latitude
43.3626188
More about this property
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