Residential Income

Mount Vernon, IA Residential Income Properties for Sale

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Lisbon, IA Cedar Rapids, IA Ely, IA Solon, IA Springville, IA Mechanicsville, IA Marion, IA West Branch, IA
Timberland with Creek and Cottage
Updated: Jul 17
Timberland with Creek and Cottage

1006 Irish Lane, Mount Vernon, IA 52314

$799,000
27.00 AC lot
27 acres m/l with a creek running through the northwest side of the property
1,532 SF cottage built in 2004, with 1 bedroom and 1 bathroom, surrounded by mature trees
Located 1 mile from Highway 30 and 2.5 miles from Mount Vernon, accessed via a long private lane
60x96 building with concrete flooring and electricity for storage or workspace
On‑site grain bins, outbuildings, plus a shed and fire pit near the cottage
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Recreational Timber Land with Creek
Updated: Apr 20
Recreational Timber Land with Creek

1000/1006 Irish Lane, Mount Vernon, IA 52314

$1,895,000
70.00 AC lot
70 acres of land with mature trees, a creek, and abundant wildlife.
Development potential with proposed addition of 10 buildable lots.
Convenient location: 1 mile from Highway 30 and 2.5 miles from Mount Vernon.
Includes a 2,184 SF farmhouse (4 bed, 2 bath) with updated siding and windows.
Features a secluded 1,532 SF cottage (1 bed, 1 bath) built in 2004.
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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 19 Potential Opportunities for your consideration. Besides 2 Active listings in Mount Vernon, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 9 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.

Mixed-Use Downtown Retail and Apartments
Mixed-Use Downtown Retail and Apartments

112 N Iowa St., Solon, IA 52333

$1,000,000
2,312 sqft

Downtown mixed-use building with leasable main-floor commercial space and two rented upper apartments.

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4-Unit Quadplex with Garage
4-Unit Quadplex with Garage

1550 Dows St., Ely, IA 52227

$265,000
2,474 sqft

Four residential units with established tenancy, supplemental garage income, and additional outdoor space in Ely’s Old Town District.

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Four-Unit Property with Detached Garage
Four-Unit Property with Detached Garage

1550 Dows St., Ely, IA 52227

$265,000

Four one-bedroom units are supported by individually rented garage stalls and leases extending through April 2027.

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Eight-Unit Apartment Building
Eight-Unit Apartment Building

230 S Dubuque St., Solon, IA 52333

$750,000

Two-story apartment property with remodeled units, central air, and off-street parking.

View details

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.

Waterfront Hunting and Recreation Land
Waterfront Hunting and Recreation Land

757 Palisades Access Road, Ely, IA 52227

$775,000
17.50 AC lot

Build a private retreat on waterfront acreage with wooded and cliff views and utilities started.

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Residential Lot in Kestrel Heights
Residential Lot in Kestrel Heights

Cedar Rapids, IA 52403

$90,000
0.47 AC lot

Premium lot for building a dream home in Cedar Rapids.

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Residential Land in Cedar Rapids
Residential Land in Cedar Rapids

Kestrel Estates 1st Addition lot: 2, Cedar Rapids, IA 52403

$225,000
2.16 AC lot

Premium lot in Kestrel Heights development, build your dream home.

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Residential Land in Cedar Rapids
Residential Land in Cedar Rapids

Cedar Rapids, IA 52403

$225,000
2.16 AC lot

2.16 acre residential lot in Kestrel Heights development.

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Off-Market Properties in Mount Vernon, IA

Consider similar Off-Market properties in Mount Vernon, 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.

124 1st SW St
APARTMENT HOUSE (UNDER 5 UNITS)

124 1st SW St, Mount Vernon, IA 52314-1601

Estimated value:
$245,000
2,592 sqft 0.08 AC lot
View details
106 1st SW St
APARTMENT HOUSE (UNDER 5 UNITS)

106 1st SW St, Mount Vernon, IA 52314-4706

Estimated value:
$150,000
1,470 sqft 0.06 AC lot
View details
119 1st NW St
APARTMENT HOUSE (UNDER 5 UNITS)

119 1st NW St, Mount Vernon, IA 52314-1602

Estimated value:
$135,000
1,098 sqft 0.06 AC lot
View details
102 1st SW St
APARTMENT HOUSE (UNDER 5 UNITS)

102 1st SW St, Mount Vernon, IA 52314-4706

Estimated value:
$105,000
1,144 sqft 0.07 AC lot
View details
101 1st NE St
APARTMENT HOUSE (UNDER 5 UNITS)

101 1st NE St, Mount Vernon, IA 52314-1422

Estimated value:
$305,000
1,370 sqft 0.03 AC lot
View details
103 1st NW St
APARTMENT HOUSE (UNDER 5 UNITS)

103 1st NW St, Mount Vernon, IA 52314-1602

Estimated value:
$255,000
1,500 sqft 0.06 AC lot
View details
109 1st NW St
APARTMENT HOUSE (UNDER 5 UNITS)

109 1st NW St, Mount Vernon, IA 52314-1602

Estimated value:
$255,000
3,242 sqft 0.14 AC lot
View details
310 7th NE St
APARTMENT HOUSE (UNDER 5 UNITS)

310 7th NE St, Mount Vernon, IA 52314

Estimated value:
$260,000
18,582 sqft 1.50 AC lot
View details
125 1st NW St
APARTMENT HOUSE (UNDER 5 UNITS)

125 1st NW St, Mount Vernon, IA 52314-1602

Estimated value:
$245,000
1,344 sqft 0.04 AC lot
View details

Mount Vernon, IA Residential Income Properties Market Trends and Statistics

Explore 11 residential income properties for sale in Mount Vernon, IA on our real estate platform.

Sale prices for residential income properties in Mount Vernon, IA start at $799,000, averaging $1,347,000, and reaching up to $1,895,000 — 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

Single family properties 2

Demographics Overview

Population 6,048
Population Growth (5Y) -1.2%
Median Household Income $106,667
College Educated 61.4%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
52314 $829K

Taxes & Financing

Tax Rate (average for all types) 2.35%
Property Tax per SF $28.66 per SF
Tax Rate vs County Average 0.65 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Linn County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

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

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