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    Story City, IA
    Triplex

    Story City, IA Triplexes 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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Story City, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Grinnell Triplex with Income Potential
    Grinnell Triplex with Income Potential

    1221 Main Street, Grinnell, IA 50112

    $299,000
    2,891 sqft 0.28 AC lot

    Three-unit property in Grinnell, ideal for investors or owner-occupants.

    View details
    Grinnell Triplex Investment Opportunity
    Grinnell Triplex Investment Opportunity

    1604 5th Avenue, Grinnell, IA 50112

    $133,500
    2,435 sqft 0.35 AC lot

    Triplex near downtown Grinnell and college, great investment potential.

    View details
    Updated Triplex in Des Moines
    Updated Triplex in Des Moines

    900 Morton Avenue, Des Moines, IA 50316

    $275,000
    2,013 sqft 0.15 AC lot

    Turnkey investment property with updated units and cash-flow potential.

    View details
    Three-Unit Up/Down Triplex
    Three-Unit Up/Down Triplex

    3103 1st Street, Des Moines, IA 50313

    $150,000
    1,343 sqft 0.14 AC lot

    Income-producing up/down triplex with three units, four bedrooms, and three bathrooms.

    View details

    Story City, IA Triplexes Market Trends and Statistics

    Explore 1 triplexes 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 three-family homes 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

    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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