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    Red Oak, IA
    Residential Income

    Red Oak, IA Residential Income Properties for Sale

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    Stanton, IA Elliott, IA Essex, IA Hastings, IA Villisca, IA Macedonia, IA Clarinda, IA Griswold, IA
    Apartment Building with Development Land
    Updated: Aug 10
    Apartment Building with Development Land

    1660 East Summit Street, Red Oak, IA 51566

    Contact for pricing
    25,500 sqft
    25,500‑square‑foot apartment building constructed in 1979
    R‑4 zoning for dense multifamily housing
    Additional land identified for future development
    Located within an Opportunity Zone from HUD resources
    7% cap rate and 7.9% pro forma cap rate
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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 Red Oak, 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.

    Three-Unit Apartment Building
    Three-Unit Apartment Building

    1802, 1804, 1806 Wayne St, Bellevue, NE 68005

    $400,000
    11,070 sqft

    Three apartments are available for sale as individual buildings or combined purchase.

    View details
    Triplex with Fitness Center
    Triplex with Fitness Center

    407 Main Street, Bedford, IA 50833

    $140,000
    0.12 AC lot

    Main level fitness center with three apartments above, built in 1904 on 0.12 acres with public water and updated utilities.

    View details
    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    411 W 22 Avenue, Bellevue, NE 68005

    $209,000

    Renovated Bellevue duplex with separately metered apartments, a fenced yard, and a one-bedroom/two-bedroom layout.

    View details
    Former Bank Building with Apartments
    Former Bank Building with Apartments

    407 Main Street, Bedford, IA 50833

    Contact for pricing

    A former bank building featuring a main-level fitness center and three upstairs apartments, plus updated building systems.

    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.

    Residential Land in Red Oak
    Residential Land in Red Oak

    911 Address To Assigned, Red Oak, IA 51566

    $35,000
    1.74 AC lot

    Residential land available in Woodland Hills Subdivision, Red Oak, Iowa.

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    Residential Lot in Red Oak
    Residential Lot in Red Oak

    2804 N 4th Street, Red Oak, IA 51566

    Contact for pricing
    0.29 AC lot

    Woodland Hills Subdivision lot ready for building a home.

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    Residential Lot in Red Oak
    Residential Lot in Red Oak

    2805 N 4th Street, Red Oak, IA 51566

    Contact for pricing
    0.29 AC lot

    Ready-to-build residential lot in Woodland Hills Subdivision, Red Oak, Iowa.

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    Residential Lot in Woodland Hills
    Residential Lot in Woodland Hills

    2807 N 4th Street, Red Oak, IA 51566

    Contact for pricing
    0.32 AC lot

    Residential lot ready for building in Red Oak, Iowa.

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    Off-Market Properties in Red Oak, IA

    Consider similar Off-Market properties in Red Oak, 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.

    400 Coolbaugh St
    Multifamily properties

    400 Coolbaugh St, Red Oak, IA 51566

    Value Estimation by Request
    16,200 sqft
    View details

    Red Oak, IA Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Red Oak, IA on our real estate platform. These investment opportunities span a total of 25,500 square feet of properties for sale.

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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 7,004
    Population Growth (5Y) +7.5%
    Median Household Income $58,264
    College Educated 12.0%

    Taxes & Financing

    Tax Rate (average for all types) 3.74%
    Property Tax per SF $53.30 per SF
    Average Loan-to-Value 65.0%

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    Most Searched ZIP Codes in Red Oak, IA

    • 51566

    Featured Red Oak Real Estate Agencies

    Realmo connects you with licensed Red Oak CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Rubey Realty
    1000 N Broadway STE 1 Red Oak, IA 51566
    Phone: 17126232724
    rubeyrealty.com

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