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    Leon, IA
    Residential Income

    Leon, IA Residential Income Properties for Sale

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    Decatur, IA Weldon, IA Lamoni, IA Humeston, IA Grand River, IA Osceola, IA Kellerton, IA Blythedale, MO
    Five-Unit Apartment Building
    Updated: Sep 19, 2023
    Five-Unit Apartment Building

    600 S main Street, Leon, IA 50144

    $199,999
    Legal 5‑family apartment building
    Fully occupied
    Constructed in 1920
    Residential‑Multi‑Family zoning
    Stucco construction with forced‑air heating
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Leon, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

    Historic Mixed-Use Property with Apartments
    Historic Mixed-Use Property with Apartments

    601 Water St, Princeton, MO 64673

    $190,000
    5,500 sqft

    Historic building combining two apartments, dedicated business space, and substantial storage near Princeton’s town square.

    View details
    Multifamily Property with Expansion Potential
    Multifamily Property with Expansion Potential

    20770 US 136 Highway, Princeton, MO 64673

    $1,700,000
    8.00 AC lot

    Income-producing apartment and ranch-home community with public utilities, off-street parking, and additional residential infrastructure in place.

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    Duplex Property with Attached Garage
    Duplex Property with Attached Garage

    416 Elm Street S, Lamoni, IA 50140

    $69,900
    0.48 AC lot

    Two-level layout offers flexible living arrangements, multiple entries, and additional storage capacity.

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    Remodeled 20-Unit Apartment Building
    Remodeled 20-Unit Apartment Building

    318 E Main Street, Lamoni, IA 50140

    $999,000
    1.00 AC lot

    One-bedroom residences include an on-site commercial laundry and dedicated office space.

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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.

    Lamoni Vacant Land with Pond
    Lamoni Vacant Land with Pond

    13000 Elk Ridge road lot: 4, Lamoni, IA 50140

    $99,680
    14.24 AC lot

    14+ acre countryside property with rolling grass and mature trees.

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    Sun Valley Lake Vacant Lots
    Sun Valley Lake Vacant Lots

    11 lots Big Bend Road, Ellston, IA 50074

    $125,000
    1.96 AC lot

    11 contiguous lots near Sun Valley Lake amenities.

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    Buildable Lot Near Sun Valley
    Buildable Lot Near Sun Valley

    S Ridge Park Subdivision lot: 679 And 680, Ellston, IA 50074

    $52,500
    0.65 AC lot

    Over half acre lot near Sun Valley Lake.

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    Pond-Access Recreational Land Tract
    Pond-Access Recreational Land Tract

    E. Concord Rd., Blythedale, MO 64442

    $289,000
    40.00 AC lot

    40+/- acres of bare land with docked pond access, offering recreation and flexible homesite opportunities nearby I-35.

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    Off-Market Properties in Leon, IA

    Consider similar Off-Market properties in Leon, 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.

    1204 Poplar St
    Multifamily properties

    1204 Poplar St, Leon, IA 50144

    Estimated value:
    by Request
    0.24 AC lot
    View details

    Leon, IA Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Leon, IA on our real estate platform.

    Sale prices for residential income properties in Leon, IA average $199,999 — 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

    Apartment buildings 1
    Multifamily properties 1

    Demographics Overview

    Population 2,715
    Population Growth (5Y) +0.1%
    Median Household Income $64,511
    College Educated 19.6%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    50144 $200K

    Taxes & Financing

    Tax Rate (average for all types) 2.50%
    Tax Rate vs County Average 0.42 pp below county avg
    Average Loan-to-Value 65.0%

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