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    Oelwein, IA Residential Income Properties for Sale

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    Westgate, IA Fairbank, IA Fayette, IA
    Versatile Mixed-Use Building in Oelwein
    $95,000
    0.11 Acres
    Versatile Mixed-Use Building in Oelwein

    14 E Charles Street, Oelwein, IA 50662

    Two-story commercial building with apartments, ideal for business or investment.
    • 2‑story downtown Oelwein commercial building with reception, multiple offices, and two restrooms on the main level
    • Upper level includes large open room, additional offices, and a restroom, plus three apartment units
    • Basement provides additional storage or equipment space
    • Two HVAC units replaced in 2022; exterior masonry repairs and full roof recoating completed in 2022
    • Three rooms upstairs each have their own controlled heating/cooling units controlled by remotes
    Updated: Nov 18, 2025
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    Mixed-Use Retail and Apartments Building
    $199,000
    9,510 SF
    Mixed-Use Retail and Apartments Building

    1 S Frederick Avenue, Oelwein, IA 50662

    Seven income-producing units combine upper-level apartments with retail space, including a vacant main-area opportunity.
    • 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
    Updated: Jun 20
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    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.

    Waterloo Fourplex Investment Opportunity
    $270,000
    900 SF
    Waterloo Fourplex Investment Opportunity

    Fully occupied fourplex near downtown Waterloo with recent upgrades.

    911 Lafayette Street, Waterloo, IA 50703

    View details
    Edgewood, IA Income-Generating Property
    $180,000
    Edgewood, IA Income-Generating Property

    Three buildings with apartments, restaurant, and bar in Edgewood.

    115 N Washington Street, Edgewood, IA 52042

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    Waterloo Triplex Investment Opportunity
    $85,000
    0.18 Acres
    Waterloo Triplex Investment Opportunity

    Fully rented triplex near Gates Park, offering immediate cash flow.

    314 Lester Street, Waterloo, IA 50703

    View details
    Turn-Key Restaurant with Apartment
    $250,000
    Turn-Key Restaurant with Apartment

    Turn-key pizzeria includes a fully furnished restaurant and an upstairs 2-bedroom, 1-bath apartment with in-unit laundry.

    100 N Washington Street, Edgewood, IA 52042

    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.

    River Ridge Golf Course Lot
    $65,000
    1.07 Acres
    River Ridge Golf Course Lot

    One-acre building lot in River Ridge Golf Course Subdivision.

    1771-27 Golf Course Boulevard, Independence, IA 50644

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    Land in Dunkerton, Iowa
    $44,000
    0.34 Acres
    Land in Dunkerton, Iowa

    Land for new development in Dunkerton, Iowa.

    Jon Road lot: 2, Dunkerton, IA 50626

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    Residential Land in Dunkerton, Iowa
    $46,000
    0.32 Acres
    Residential Land in Dunkerton, Iowa

    Land for new residential development in Dunkerton, Iowa.

    Jon Road lot: 7, Dunkerton, IA 50625

    View details
    Residential Land in Dunkerton, Iowa
    $46,000
    0.32 Acres
    Residential Land in Dunkerton, Iowa

    Land for new residential development in Dunkerton, Iowa.

    Jon Road lot: 8, Dunkerton, IA 50625

    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
    Value Estimation by Request

    102 8Th Ave, Oelwein, IA 50662

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    1974 Q Ave
    MOBILE HOME PARK, TRAILER PARK
    Lot: 62.02 Acres
    Value Estimation by Request

    1974 Q Ave, Oelwein, IA 50662-9601

    View details
    406 3rd NW Ave
    MOBILE HOME PARK, TRAILER PARK
    Lot: 0.86 Acres
    Value Estimation by Request

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

    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 9,510 square feet of properties for sale, with an estimated market value of $199,000.

    Sale prices for residential income properties in Oelwein, IA start at $199,000, averaging $199,000, 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

    Apartment buildings 2
    Multifamily properties 2

    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 $95K

    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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