Altoona, IA Residential Income Properties for Sale

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Bondurant, IA Des Moines, IA Clive, IA Pleasant Hill, IA Runnells, IA Ankeny, IA West Des Moines, IA Mitchellville, IA

Updated: Mar 2

Four-Unit Quadplex

202 3rd Street SE, Altoona, IA 50009

$350,000

1,690 sqft 0.20 AC lot

Four‑unit layout: two bottom units are 2 bed/1 bath; two upstairs units are 1 bed/1 bath
Zoned R‑3 with public water and public sewer
Newer boiler system and newer roof
Owner pays all utilities
Off‑street parking plus 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

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Based on your search, we've compiled 43 Potential Opportunities for your consideration. Besides 1 Active listings in Altoona, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 34 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.

8-Unit Apartment Building

3274 E. EUCLID AVE., Des Moines, IA 50317

Contact for pricing

5,568 sqft

Updated interiors and individual exterior entrances serve all eight units.

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Renovated 108-Unit Apartment Portfolio

3909 Hubbell Avenue, Des Moines, IA 50317

Contact for pricing

89,440 sqft

108-unit multifamily portfolio with 64% renovated two-bedroom units and approximately 96% current occupancy.

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Mixed-Use Development with Flex Buildings

7040 NE 14th St, Ankeny, IA 50023

Contact for pricing

12,486 sqft

A 2019-built mixed-use development with street-level retail/office, apartments above, and two flex buildings.

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Retail, Multifamily, Office, Mixed Use

7040 NE 14th St, Ankeny, IA 50023

Contact for pricing

6,358 sqft 1.44 AC lot

Mixed-use properties · 6,358 SF

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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.

Altoona Multifamily Development Land

22nd St SW, Altoona, IA 50009

Contact for pricing

12.43 AC lot

12.427 acres of R-5 zoned land in Altoona, Iowa.

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Altoona Land Development Opportunity

8 SE (aka46 ave) & 88 Street NE, Altoona, IA 50009

$5,335,275

71.14 AC lot

71.14 acres of flat land with utilities in Altoona.

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Residential Land in Des Moines

5663 Walnut Ridge Drive, Des Moines, IA 50317

$94,000

0.26 AC lot

Land for new home construction with tax abatement in Des Moines.

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Residential Land in Des Moines

5666 Walnut Ridge Drive, Des Moines, IA 50317

$81,000

0.28 AC lot

Land for new home construction with tax abatement in Des Moines.

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Off-Market Properties in Altoona, IA

Consider similar Off-Market properties in Altoona, 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.

APARTMENT HOUSE (5+ UNITS)

858 8th SE St, Altoona, IA 50009-1969

$870,000

Estimated value

15,704 sqft 5.05 AC lot

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MOBILE HOME PARK, TRAILER PARK

1101 34th SW Ave, Altoona, IA 50009-2616

$7,300,000

Estimated value

5,004 sqft 33.91 AC lot

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MOBILE HOME PARK, TRAILER PARK

Altoona, IA 50009

$7,300,000

Estimated value

2,132 sqft 16.50 AC lot

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APARTMENT HOUSE (5+ UNITS)

619 17th NW Ave, Altoona, IA 50009-1160

$10,320,000

Estimated value

36,824 sqft 4.76 AC lot

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APARTMENT HOUSE (5+ UNITS)

401 8th SW St, Altoona, IA 50009-1637

$825,000

Estimated value

4,864 sqft 1.04 AC lot

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APARTMENT HOUSE (5+ UNITS)

720 8th SE St, Altoona, IA 50009-1970

$4,370,000

Estimated value

21,744 sqft 4.84 AC lot

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APARTMENT HOUSE (5+ UNITS)

1401 Adventureland Dr, Altoona, IA 50009

$1,705,000

Estimated value

46,800 sqft 18.25 AC lot

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APARTMENT HOUSE (5+ UNITS)

1490 34th SW Ave, Altoona, IA 50009-5470

$4,655,000

Estimated value

41,733 sqft 16.14 AC lot

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APARTMENT HOUSE (5+ UNITS)

1427 34th SW Ave, Altoona, IA 50009-5453

$685,000

Estimated value

70,148 sqft 5.52 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

203 3rd SE St, Altoona, IA 50009-1868

$230,000

Estimated value

3,136 sqft 0.18 AC lot

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APARTMENT HOUSE (5+ UNITS)

706 2nd SW Ave, Altoona, IA 50009-1770

$530,000

Estimated value

8,448 sqft 0.44 AC lot

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APARTMENT HOUSE (5+ UNITS)

2311 Ironwood SW Dr, Altoona, IA 50009-2367

$485,000

Estimated value

32,973 sqft 1.36 AC lot

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APARTMENT HOUSE (5+ UNITS)

707 2nd SW Ave, Altoona, IA 50009-1780

$325,000

Estimated value

5,120 sqft 0.30 AC lot

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APARTMENT HOUSE (5+ UNITS)

404 3rd SW Ave, Altoona, IA 50009

$400,000

Estimated value

5,120 sqft 1.10 AC lot

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APARTMENT HOUSE (5+ UNITS)

807 17th SW Ave, Altoona, IA 50009-9518

$235,000

Estimated value

3,840 sqft 1.87 AC lot

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APARTMENT HOUSE (5+ UNITS)

437 Elgin NW Ln, Altoona, IA 50009-1430

$1,250,000

Estimated value

10,506 sqft 16.46 AC lot

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APARTMENT HOUSE (5+ UNITS)

1127 Greenway Ct, Altoona, IA 50009-2242

$1,085,000

Estimated value

9,120 sqft 3.47 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

500 5th SW Ave, Altoona, IA 50009-1651

$365,000

Estimated value

2,408 sqft 3.83 AC lot

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APARTMENT HOUSE (5+ UNITS)

807 14th NW Ave, Altoona, IA 50009-1271

$2,295,000

Estimated value

22,296 sqft 3.74 AC lot

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APARTMENT HOUSE (5+ UNITS)

1108 4th SW St, Altoona, IA 50009-1375

$805,000

Estimated value

12,870 sqft 0.63 AC lot

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APARTMENT HOUSE (5+ UNITS)

1006 4th SW St, Altoona, IA 50009-1373

$1,130,000

Estimated value

18,480 sqft 0.78 AC lot

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APARTMENT HOUSE (5+ UNITS)

1104 4th SW St, Altoona, IA 50009-1374

$1,125,000

Estimated value

18,480 sqft 0.78 AC lot

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APARTMENT HOUSE (5+ UNITS)

112 5th NW Ave, Altoona, IA 50009-1490

$2,135,000

Estimated value

20,496 sqft 3.66 AC lot

View details

Altoona, IA Residential Income Properties Market Trends and Statistics

Explore 35 residential income properties 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 residential income properties 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

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)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Polk County

Residential Income

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Altoona, IA Residential Income Properties for Sale

202 3rd Street SE, Altoona, IA 50009

Opportunities in Nearby Cities

3274 E. EUCLID AVE., Des Moines, IA 50317

3909 Hubbell Avenue, Des Moines, IA 50317

7040 NE 14th St, Ankeny, IA 50023

7040 NE 14th St, Ankeny, IA 50023

Potential Development Sites for Consideration

22nd St SW, Altoona, IA 50009

8 SE (aka46 ave) & 88 Street NE, Altoona, IA 50009

5663 Walnut Ridge Drive, Des Moines, IA 50317

5666 Walnut Ridge Drive, Des Moines, IA 50317

Off-Market Properties in Altoona, IA

858 8th SE St, Altoona, IA 50009-1969

1101 34th SW Ave, Altoona, IA 50009-2616

Altoona, IA 50009

619 17th NW Ave, Altoona, IA 50009-1160

401 8th SW St, Altoona, IA 50009-1637

720 8th SE St, Altoona, IA 50009-1970

1401 Adventureland Dr, Altoona, IA 50009

1490 34th SW Ave, Altoona, IA 50009-5470

1427 34th SW Ave, Altoona, IA 50009-5453

203 3rd SE St, Altoona, IA 50009-1868

706 2nd SW Ave, Altoona, IA 50009-1770

2311 Ironwood SW Dr, Altoona, IA 50009-2367

707 2nd SW Ave, Altoona, IA 50009-1780

404 3rd SW Ave, Altoona, IA 50009

807 17th SW Ave, Altoona, IA 50009-9518

437 Elgin NW Ln, Altoona, IA 50009-1430

1127 Greenway Ct, Altoona, IA 50009-2242

500 5th SW Ave, Altoona, IA 50009-1651

807 14th NW Ave, Altoona, IA 50009-1271

1108 4th SW St, Altoona, IA 50009-1375

1006 4th SW St, Altoona, IA 50009-1373

1104 4th SW St, Altoona, IA 50009-1374

112 5th NW Ave, Altoona, IA 50009-1490

Altoona, IA Residential Income Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Residential Income

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