Residential Income

Wellman, IA Residential Income Properties for Sale

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Multifamily Property with Farmhouse and Mobile Home
Updated: Apr 11
Multifamily Property with Farmhouse and Mobile Home

1628 & 1650 Dogwood Ave, Wellman, IA 52356

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3.00 AC lot
Two residences on 3 acres: a 4‑bedroom farmhouse and a 3‑bedroom mobile home
Farmhouse includes 2½ bathrooms, attached 2‑car garage, hardwood floors, and walk‑up attic storage
Mobile home features 2 bathrooms, a 2‑car attached garage, fireplace, whirlpool bathtub, and partial basement
Separate septic systems, LP tanks, electric meters, and driveways serve the two residences
Large barn with metal roof and usable upper‑level haymow
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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 Wellman, 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.

Duplex With Four-Car Garage
Duplex With Four-Car Garage

106-108 S Avenue B, Washington, IA 52353

$129,000
1,874 sqft

Two leased units and a detached garage create a flexible income-property configuration.

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Remodeled Quadplex
Remodeled Quadplex

105 1/2 W Washington St, Sigourney, IA 52591

$295,000
3,498 sqft

Loft-style apartments offer updated finishes, included appliances, accessibility equipment, and off-street tenant parking.

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Showroom and Warehouse Building
Showroom and Warehouse Building

106 E Washington St, Sigourney, IA 52591

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Updated showroom and warehouse space with two rental apartments, each with in-unit laundry and kitchen appliances.

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Vacant Duplex with Updated Interiors
Vacant Duplex with Updated Interiors

620 N Marion Ave, Washington, IA 52353

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Two residential units feature separate gas and electric metering, with water service paid by the owner.

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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.

Keota Residential Lot For Sale
Keota Residential Lot For Sale

N Davis Street, Keota, IA 52248

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0.31 AC lot

Build-ready residential lot in Keota, close to local amenities.

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Residential Land in Oak Pond Estates
Residential Land in Oak Pond Estates

2825 W Court, Parnell, IA 52325

$47,500
1.28 AC lot

Residential land with utilities and pond access in Parnell, Iowa.

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Residential Land in Oak Pond Estates
Residential Land in Oak Pond Estates

2818 W Drive, Parnell, IA 52325

$47,500
1.38 AC lot

Unimproved land for building a dream home in Parnell, Iowa.

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Residential Land in Oak Pond Estates
Residential Land in Oak Pond Estates

2819 W Drive, Parnell, IA 52325

$58,500
1.63 AC lot

Unimproved land with utilities in a countryside setting.

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Off-Market Properties in Wellman, IA

Consider similar Off-Market properties in Wellman, 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.

1002 2nd St
MOBILE HOME PARK, TRAILER PARK

1002 2nd St, Wellman, IA 52356-9705

$230,000
Estimated value
4.36 AC lot
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Wellman, IA Residential Income Properties Market Trends and Statistics

Explore 2 residential income properties for sale in Wellman, IA on our real estate platform.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Multifamily properties 1

Demographics Overview

Population 2,754
Population Growth (5Y) +2.3%
Median Household Income $54,659
College Educated 21.9%

Taxes & Financing

Tax Rate (average for all types) 2.11%
Property Tax per SF $21.01 per SF
Tax Rate vs County Average 0.61 pp below county avg
Average Loan-to-Value 65.0%

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