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    Oelwein, IA
    Residential Income

    Oelwein, IA Residential Income Properties for Sale

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    Mixed-Use Retail and Apartments Building
    Updated: Jun 19
    Mixed-Use Retail and Apartments Building

    1 S Frederick Avenue, Oelwein, IA 50662

    $199,000
    9,510 sqft
    Mixed‑use commercial building (1890) with seven income‑producing spaces: five upper‑level apartments plus two retail storefronts
    Apartment mix includes three 1‑bedroom units and two 2‑bedroom units
    Main level has a spacious open retail area currently vacant and ready for an owner‑occupant or new tenant
    Separate smaller retail space is already leased, providing immediate rental income
    Over the past 15 years, capital improvements include updated windows, roof, water heater, sidewalks, and sewer and water lines
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    Updated Triplex Rental Property
    Updated: Aug 13
    Updated Triplex Rental Property

    400 S Frederick, Oelwein, IA 50662

    $165,000
    2,589 sqft
    Three‑unit multifamily rental property
    2589 SF total property size
    Currently fully rented
    Recent updates completed
    Built in 1940
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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 13 Potential Opportunities for your consideration. Besides 2 Active listings in Oelwein, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 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.

    Updated Four-Unit Quadplex
    Updated Four-Unit Quadplex

    125 Adams St, West Union, IA 52175

    $140,000
    2,410 sqft

    Fully rented property near downtown with separately metered electric and heat.

    View details
    Mixed-Use Property With Apartments
    Mixed-Use Property With Apartments

    100 S Vine Street, West Union, IA 52175

    $214,900
    3,972 sqft

    Corner commercial building with ground-floor retail space and two upper-level apartments.

    View details
    Fully Rented Triplex with Separate Meters
    Fully Rented Triplex with Separate Meters

    314 Lester St, Waterloo, IA 50703

    $85,000
    1,380 sqft

    Triplex income property with three 1-bedroom units, each with its own electric meter and updated interiors.

    View details
    Updated Triplex
    Updated Triplex

    314 Lester Street, Waterloo, IA 50703

    $85,000
    0.18 AC lot

    Fully leased three-unit property with individually metered electricity and recent interior improvements.

    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.

    Sumner Land: Build Your Dream
    Sumner Land: Build Your Dream

    340 Yard Drive, Sumner, IA 50674

    $57,900
    0.70 AC lot

    Premier Sumner location to build your dream home.

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    Sumner Land: Build Your Dream
    Sumner Land: Build Your Dream

    330 Yard Drive, Sumner, IA 50674

    $57,900
    0.70 AC lot

    Residential land in Sumner, Iowa, ideal for building a home.

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    Sumner Land: Build Your Dream
    Sumner Land: Build Your Dream

    320 Yard Drive, Sumner, IA 50674

    $57,900
    0.81 AC lot

    Residential land in Sumner, IA, ideal for building a home.

    View details
    Sumner Land Opportunity
    Sumner Land Opportunity

    325 Yard Drive, Sumner, IA 50674

    $57,900
    0.80 AC lot

    Residential land to build your dream home in Sumner, Iowa.

    View details

    Off-Market Properties in Oelwein, IA

    Consider similar Off-Market properties in Oelwein, 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.

    102 8Th Ave
    Multifamily properties

    102 8Th Ave, Oelwein, IA 50662

    Estimated value:
    No data
    View details
    1974 Q Ave
    MOBILE HOME PARK, TRAILER PARK

    1974 Q Ave, Oelwein, IA 50662-9601

    Estimated value:
    $230,000
    62.02 AC lot
    View details
    406 3rd NW Ave
    MOBILE HOME PARK, TRAILER PARK

    406 3rd NW Ave, Oelwein, IA 50662-1121

    Estimated value:
    $150,000
    0.86 AC lot
    View details

    Oelwein, IA Residential Income Properties Market Trends and Statistics

    Explore 5 residential income properties for sale in Oelwein, IA on our real estate platform. These investment opportunities span a total of 12,099 square feet of properties for sale, with an estimated market value of $364,000.

    Sale prices for residential income properties in Oelwein, IA start at $165,000, averaging $182,000, and reaching up to $199,000 — 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 2
    Apartment buildings 1
    Triplexes 1

    Demographics Overview

    Population 6,497
    Population Growth (5Y) -3.9%
    Median Household Income $49,145
    College Educated 22.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    50662 $153K

    Taxes & Financing

    Tax Rate (average for all types) 2.90%
    Property Tax per SF $31.95 per SF
    Tax Rate vs County Average 0.42 pp above county avg
    Average Loan-to-Value 65.0%

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