Residential Income

Boone, IA Residential Income Properties for Sale

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Ogden, IA Pilot Mound, IA Luther, IA Ames, IA Madrid, IA Woodward, IA Gilbert, IA Sheldahl, IA
6 properties
Mixed-Use Building with Apartments
Updated: Jun 2
Mixed-Use Building with Apartments

1026 8th Street, Boone, IA 50036

$119,900
3,125 sqft 0.07 AC lot
3,125‑square‑foot mixed‑use building on a 0.07‑acre lot
Four apartments: 3 upstairs and 1 on the main floor
Main‑floor commercial area has 2 entry doors and may be divided into 2 spaces
Rear main‑floor unit includes a private exterior entrance and deck
Rear parking area included
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Five-Unit Apartment Building
Updated: May 12
Five-Unit Apartment Building

316 Boone Street, Boone, IA 50036

$225,000
3,269 sqft 0.25 AC lot
Five‑unit apartment property totaling 3,269 square feet
Built in 1890 on a 0.2479‑acre lot
316 Boone Street location near downtown Boone
Interior refreshes and new flooring in some units
Partial roof replacement and new furnace
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Triplex with Detached Garage
Triplex with Detached Garage

527 Boone Street, Boone, IA 50036

$195,000
2,024 sqft 0.14 AC lot

Three-unit property with central air, basement laundry, updated exterior components, and off-street parking.

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Triplex with Detached Garage
Triplex with Detached Garage

527 Boone St, Boone, IA 50036

$195,000
2,024 sqft

Three-unit property with central air, updated exterior components, basement laundry, and off-street parking near downtown.

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Boone Iowa Apartment Community
Boone Iowa Apartment Community

1104 8th St, Boone, IA 50036

Contact for pricing
42,122 sqft

57-unit apartment community in Boone, Iowa, near Iowa State.

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Seven-Unit Apartment Community with Garages
Seven-Unit Apartment Community with Garages

823 Doran Drive, Boone, IA 50036

$425,000

Small multifamily in Boone offers studio and 1–2 bedroom units plus detached garages and surface parking.

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Based on your search, we've compiled 19 Potential Opportunities for your consideration. Besides 6 Active listings in Boone, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 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.

Four-Unit Brick Quadplex
Four-Unit Brick Quadplex

1307 Florida Avenue, Ames, IA 50014

$510,000
4,026 sqft 0.30 AC lot

Income property with spacious units, two fireplaces, generous kitchen work areas, and bedrooms.

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Remodeled Triplex with Cottage Units
Remodeled Triplex with Cottage Units

212 N Main Street, Woodward, IA 50276

$169,500
0.28 AC lot

Three remodeled residences provide a compact multifamily layout with one two-bedroom unit and two one-bedroom units.

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Quadplex with Renovated Units
Quadplex with Renovated Units

4311 Ontario St, Ames, IA 50014

$410,000

Three residences feature documented interior improvements, while the fourth remains without reported remodeling by the current owner.

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Mixed-Use Laundromat and Apartments
Mixed-Use Laundromat and Apartments

115 S Main St, Woodward, IA 50276

$223,000

Income-focused mixed-use property combining a commercial laundromat with five rental units.

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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.

Ames, IA 1.33 Acre Lot
Ames, IA 1.33 Acre Lot

50157 Prairie Point Court, Ames, IA 50014

$125,000
1.33 AC lot

Expansive 1.33 acre lot for a new home.

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Residential Lot in Prairie Valley
Residential Lot in Prairie Valley

50094 Prairie Point Court, Ames, IA 50014

$135,000
0.63 AC lot

Build your dream home in a premier residential development.

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Residential Land in Prairie Valley
Residential Land in Prairie Valley

50134 Prairie Point Court, Ames, IA 50014

$95,000
0.64 AC lot

Build your dream home in a premier residential development.

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Residential Land in Prairie Valley
Residential Land in Prairie Valley

50283 Prairie Point Court, Ames, IA 50014

$95,000
0.74 AC lot

Build your dream home in a premier residential development.

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Off-Market Properties in Boone, IA

Consider similar Off-Market properties in Boone, 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.

2028 Mamie Eisenhower Ave
MOBILE HOME PARK, TRAILER PARK

2028 Mamie Eisenhower Ave, Boone, IA 50036-4433

Estimated value:
$255,000
4.28 AC lot
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1901 1st St
MOBILE HOME PARK, TRAILER PARK

1901 1st St, Boone, IA 50036-4440

Estimated value:
$245,000
6.38 AC lot
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1901 1st St
MOBILE HOME PARK, TRAILER PARK

1901 1st St, Boone, IA 50036-4440

Estimated value:
$220,000
0.69 AC lot
View details
1901 1st St
MOBILE HOME PARK, TRAILER PARK

1901 1st St, Boone, IA 50036-4440

Estimated value:
$235,000
3.13 AC lot
View details
Boone, IA 50036
MOBILE HOME PARK, TRAILER PARK

Boone, IA 50036

Estimated value:
$270,000
5.35 AC lot
View details

Boone, IA Residential Income Properties Market Trends and Statistics

Explore 11 residential income properties for sale in Boone, IA, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 52,564 square feet of properties for sale, with an estimated market value of $1,159,900.

Sale prices for residential income properties in Boone, IA start at $119,900, averaging $231,980, and reaching up to $425,000 — 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

Multifamily properties 7
Apartment buildings 4
Triplexes 2
Quadplexes 1

Demographics Overview

Population 16K
Population Growth (5Y) -0.8%
Median Household Income $74,107
College Educated 9.2%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
50036 $226.6K

Taxes & Financing

Tax Rate (average for all types) 2.32%
Property Tax per SF $27.84 per SF
Tax Rate vs County Average 0.14 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Boone County

New Delisted

Total CRE Inventory on Market (SF)

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