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    Story City, IA
    Residential Income

    Story City, IA Residential Income Properties for Sale

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    Roland, IA Gilbert, IA Jewell, IA Ames, IA Ellsworth, IA Nevada, IA Indianola, IA Boone, IA
    Three-Level Tri-Plex Rental Property
    Updated: Jul 13
    Three-Level Tri-Plex Rental Property

    215 Cedar Street, Story City, IA 50248

    $185,000
    1,552 sqft 0.26 AC lot
    3‑level tri‑plex with three separate units: 2BR/1.5BA basement, 2BR/1BA main level, and 1BR/1BA upper level
    Year built 1910
    Tenants pay all utilities except water
    Heating: forced air; cooling: central air
    Water source: public; sewer: public sewer
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    This listing looks promising.

    Here's a quick look at some key insights for

    215 Cedar Street, Story City, IA 50248

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    • Est. Cap Rate

      6.4%
      Above avg (5.9%)

    • Est. NOI

      $12K
      Annual

    • Price @ 7% Cap

      $170K
      Suggested

    • Property Type

      Triplex
      Built 1910
    View Property Analytics
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 1 Active listings in Story City, 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.

    Historic Brick Duplex
    Historic Brick Duplex

    317 20th Street, Ames, IA 50010

    $242,000
    1,740 sqft 0.23 AC lot

    Two-unit historic brick duplex with in-place leases through July 2027, hardwood floors, and in-unit laundry hookups.

    View details
    Ranch Duplex Portfolio
    Ranch Duplex Portfolio

    106 E Walnut Street, Roland, IA 50236

    $295,000
    2,400 sqft

    Ranch-style duplex portfolio with 18 units across nine buildings, offered as an investor package.

    View details
    Duplex Income Property Portfolio
    Duplex Income Property Portfolio

    102 E Walnut Street, Roland, IA 50236

    $295,000
    2,400 sqft

    Investor package includes 18 units across nine duplex buildings in Roland, Iowa.

    View details
    Riverview Apartments in Ames, Iowa
    Riverview Apartments in Ames, Iowa

    3500 Grand Ave, Ames, IA 50010

    $2,850,000
    39,180 sqft

    43-unit apartment community near Iowa State University.

    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 Story City
    Residential Land in Story City

    1200 Hickory Court, Story City, IA 50248

    $88,000
    0.60 AC lot

    Residential subdivision with buildable lots and stocked fishing pond.

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    Residential Lot in Prairie Valley
    Residential Lot in Prairie Valley

    17115 Primrose Drive, Ames, IA 50014

    $110,000
    0.67 AC lot

    Build your dream home in a premier residential development.

    View details
    Residential Lot in Prairie Valley
    Residential Lot in Prairie Valley

    50382 Blazing Star Street, Ames, IA 50014

    $105,000
    0.63 AC lot

    Build your dream home in a premier residential development.

    View details
    Residential Lot in Prairie Valley
    Residential Lot in Prairie Valley

    50374 Blazing Star Street, Ames, IA 50014

    $105,000
    0.63 AC lot

    Build your dream home in a premier residential development.

    View details

    Off-Market Properties in Story City, IA

    Consider similar Off-Market properties in Story City, 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.

    13938 560Th Ave
    Land

    13938 560Th Ave, Story City, IA 50248

    Value Estimation by Request
    13.46 AC lot
    View details
    120 1st St
    MOBILE HOME PARK, TRAILER PARK

    120 1st St, Story City, IA 50248-1013

    Value Estimation by Request
    6.38 AC lot
    View details

    Story City, IA Residential Income Properties Market Trends and Statistics

    Explore 3 residential income properties for sale in Story City, IA on our real estate platform. These investment opportunities span a total of 1,552 square feet of properties for sale, with an estimated market value of $185,000.

    Sale prices for residential income properties in Story City, IA start at $185,000, averaging $185,000, and reaching up to $185,000 — 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
    Triplexes 1

    Demographics Overview

    Population 4,300
    Population Growth (5Y) -0.5%
    Median Household Income $88,333
    College Educated 50.5%

    Taxes & Financing

    Tax Rate (average for all types) 2.48%
    Property Tax per SF $28.84 per SF
    Tax Rate vs County Average 0.07 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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