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    Altoona Four Unit Multifamily House
    Updated: Mar 2
    Altoona Four Unit Multifamily House

    202 3rd Street SE, Altoona, IA 50009

    $350,000
    1,690 sqft 0.20 AC lot
    4‑unit house near downtown Altoona with monthly income of $2,700 and long‑term tenants in the bottom units
    Unit mix: two 2‑bedroom/1‑bath units and two upstairs 1‑bedroom/1‑bath units
    Owner pays all utilities
    Newer roof and new boiler system
    Off‑street parking plus additional parking in back of the alley
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    This listing looks promising.

    Here's a quick look at some key insights for

    202 3rd Street SE, Altoona, IA 50009

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    • Est. Cap Rate

      4.3%
      NOI ÷ price

    • Est. NOI

      $15K
      Annual

    • Price @ 7% Cap

      $214K
      Suggested

    • Property Type

      Multi-Family Dwellings
      Built 1870
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Altoona, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Fourplex Residential Income Property
    Fourplex Residential Income Property

    1307 Florida Avenue, Ames, IA 50014

    $510,000
    4,026 sqft 0.30 AC lot

    Fourplex offering 2 fireplaces per unit and spacious kitchens with large bedroom layouts.

    View details
    Ames Multifamily Investment Opportunity
    Ames Multifamily Investment Opportunity

    913 Garfield Avenue, Ames, IA 50014

    $520,000
    3,596 sqft 0.47 AC lot

    Two well-maintained duplexes with strong rental history in Ames, Iowa.

    View details
    Four-Unit Apartment Building
    Four-Unit Apartment Building

    842 16th Street, Des Moines, IA 50314

    Contact for pricing
    3,070 sqft

    Four 1BR/1BA units feature in-unit washers/dryers and kitchenettes, with all units currently leased.

    View details
    Four-Unit Multifamily Property
    Four-Unit Multifamily Property

    1358 22nd Street, Des Moines, IA 50311

    $99,000
    2,009 sqft 0.21 AC lot

    Four separate apartment units near Drake University, offering an investor-friendly renovation opportunity.

    View details

    Altoona, IA Quadplexes Market Trends and Statistics

    Explore 1 quadplexes for sale in Altoona, IA on our real estate platform. These investment opportunities span a total of 1,690 square feet of properties for sale, with an estimated market value of $350,000.

    Sale prices for four-unit buildings in Altoona, IA average $350,000 — 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

    Quadplexes 1

    Demographics Overview

    Population 22K
    Population Growth (5Y) +12.4%
    Median Household Income $90,393
    College Educated 41.8%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    50009 $350K

    Taxes & Financing

    Tax Rate (average for all types) 1.08%
    Property Tax per SF $36.39 per SF
    Tax Rate vs County Average 1.34 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Polk County

    New Delisted

    Total CRE Inventory on Market (SF)

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