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    Slater, IA
    Quadplex

    Slater, IA Quadplexes for Sale

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    Sheldahl, IA Huxley, IA Polk City, IA Luther, IA Cambridge, IA Madrid, IA Ames, IA Woodward, IA
    Brick 4-Plex with Coin-Op Laundry
    Updated: Jul 17
    Brick 4-Plex with Coin-Op Laundry

    506 Main Street, Slater, IA 50244

    $300,000
    1,575 sqft 0.26 AC lot
    Brick 4‑plex built in 1964 in greater Slater
    Unit mix: four 2‑bedroom, 1‑bath units
    Public water and public sewer service
    Many updates including engineered hardwood, carpet, tile, and kitchen counters & appliances
    Roofs replaced on both the apartment building and garage in 2021
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    This listing looks promising.

    Here's a quick look at some key insights for

    506 Main Street, Slater, IA 50244

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    • Est. Cap Rate

      4%
      NOI ÷ price

    • Est. NOI

      $12K
      Annual

    • Price @ 7% Cap

      $172K
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1964
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Slater, 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.

    Des Moines Fourplex Investment Opportunity
    Des Moines Fourplex Investment Opportunity

    1148 36th Street, Des Moines, IA 50311

    $310,000
    2,509 sqft 0.34 AC lot

    Fourplex near Drake College, ideal for investors or owner-occupants.

    View details
    Quadplex with Fireplace Units
    Quadplex with Fireplace Units

    1307 Florida Avenue, Ames, IA 50014

    $525,000
    4,026 sqft 0.30 AC lot

    Four-unit residential income property featuring spacious units with fireplaces and large kitchen workspaces.

    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 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

    Slater, IA Quadplexes Market Trends and Statistics

    Explore 1 quadplexes for sale in Slater, IA on our real estate platform. These investment opportunities span a total of 1,575 square feet of properties for sale, with an estimated market value of $300,000.

    Sale prices for four-unit buildings in Slater, IA start at $300,000, averaging $300,000, and reaching up to $300,000 — 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 1,866
    Population Growth (5Y) -1.1%
    Median Household Income $101,544
    College Educated 52.0%

    Taxes & Financing

    Tax Rate (average for all types) 2.91%
    Property Tax per SF $46.32 per SF
    Tax Rate vs County Average 0.50 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Story County

    New Delisted

    Total CRE Inventory on Market (SF)

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