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    Slater, IA
    Residential Income

    Slater, IA Residential Income Properties for Sale

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    Sheldahl, IA Huxley, IA Polk City, IA Luther, IA Cambridge, IA Madrid, IA Ames, IA Woodward, IA
    Brick 4-Plex with Coin-Op Laundry
    Updated: Jul 17
    Brick 4-Plex with Coin-Op Laundry

    506 Main Street, Slater, IA 50244

    $300,000
    1,575 sqft 0.26 AC lot
    Brick 4‑plex built in 1964 in greater Slater
    Unit mix: four 2‑bedroom, 1‑bath units
    Public water and public sewer service
    Many updates including engineered hardwood, carpet, tile, and kitchen counters & appliances
    Roofs replaced on both the apartment building and garage in 2021
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    This listing looks promising.

    Here's a quick look at some key insights for

    506 Main Street, Slater, IA 50244

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    • Est. Cap Rate

      4%
      NOI ÷ price

    • Est. NOI

      $12K
      Annual

    • Price @ 7% Cap

      $172K
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1964
    View Property Analytics
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 1 Active listings in Slater, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 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.

    Turnkey 8-Plex Rental Property
    Turnkey 8-Plex Rental Property

    215 Jewel Drive, Ames, IA 50010

    $995,000
    8,267 sqft 0.57 AC lot

    Well-maintained 8-unit multifamily building with multiple two- to four-bedroom layouts and two full baths per unit.

    View details
    Multifamily Property in West Ames
    Multifamily Property in West Ames

    1209 Mayfield Drive, Ames, IA 50014

    $2,350,000

    Well-maintained multifamily property with updated units and convenient location.

    View details
    Updated Duplex with Private Patios
    Updated Duplex with Private Patios

    121 NW State Street, Ankeny, IA 50023

    $315,000
    952 sqft 0.23 AC lot

    Well-maintained duplex with updated interiors, private patio space, and dedicated storage for each unit, in a residential R-2 setting.

    View details
    32-Unit Multifamily Community in Ankeny, Iowa
    32-Unit Multifamily Community in Ankeny, Iowa

    218 Northwest State Street, Ankeny, IA 50023

    $2,395,000
    25,600 sqft

    Well-maintained 32-unit apartment complex in Ankeny, Iowa.

    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 Huxley, Iowa
    Residential Land in Huxley, Iowa

    711 Wildflower Drive, Huxley, IA 50124

    $120,000
    0.33 AC lot

    Residential land for custom home construction near Ballard High School.

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    Residential Land in Huxley, Iowa
    Residential Land in Huxley, Iowa

    511 Wildflower Drive, Huxley, IA 50124

    $120,000
    0.44 AC lot

    Residential land for sale, bring your own builder!

    View details
    Residential Land in Huxley, Iowa
    Residential Land in Huxley, Iowa

    607 Wildflower Drive, Huxley, IA 50124

    $120,000
    0.34 AC lot

    Residential land for custom home construction near Ballard High School.

    View details
    Residential Land in Huxley, Iowa
    Residential Land in Huxley, Iowa

    809 Wildflower Drive, Huxley, IA 50124

    $125,000
    0.34 AC lot

    Residential land for sale, bring your own builder!

    View details

    Off-Market Properties in Slater, IA

    Consider similar Off-Market properties in Slater, 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.

    404 1st N Ave
    MOBILE HOME PARK, TRAILER PARK

    404 1st N Ave, Slater, IA 50244-7760

    Value Estimation by Request
    0.69 AC lot
    View details
    101 1st N Ave
    MOBILE HOME PARK, TRAILER PARK

    101 1st N Ave, Slater, IA 50244-7724

    Value Estimation by Request
    6.86 AC lot
    View details

    Slater, IA Residential Income Properties Market Trends and Statistics

    Explore 3 residential income properties for sale in Slater, IA on our real estate platform. These investment opportunities span a total of 1,575 square feet of properties for sale, with an estimated market value of $300,000.

    Sale prices for residential income properties in Slater, IA start at $300,000, averaging $300,000, and reaching up to $300,000 — 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 1
    Quadplexes 1

    Demographics Overview

    Population 1,866
    Population Growth (5Y) -1.1%
    Median Household Income $101,544
    College Educated 52.0%

    Taxes & Financing

    Tax Rate (average for all types) 2.91%
    Property Tax per SF $46.32 per SF
    Tax Rate vs County Average 0.50 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Story County

    New Delisted

    Total CRE Inventory on Market (SF)

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