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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Altoona, IA
Rental Income
$ 400,000
ROI
20.7
Cash Flow/m
102- 8 Bed
- 4 Bath
- 1923 sft
601-603 15th St SE, Altoona, IA, 50009
$ 269,900
ROI
20.7Cash Flow/m
71- 3 Bed
- 2 Bath
- 1692 sft
604 1st Ave S, Altoona, IA, 50009
or
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23.8Cash Flow/m
113- 3 Bed
- 1 Bath
- 976 sft
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Listed for sale 7 days ago
$ 100,000
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32.9Cash Flow/m
366- - Bed
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- 6800 sft
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23.5Cash Flow/m
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24.2Cash Flow/m
123- 3 Bed
- 1 Bath
- 1224 sft
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23.7Cash Flow/m
109- 3 Bed
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24.9Cash Flow/m
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-Cash Flow/m
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25.1Cash Flow/m
148- 2 Bed
- 1 Bath
- 884 sft
1611 Bailey St, Charles City, IA, 50616
$ 100,000
ROI
15.9Gross Rent Yield
9.6- 1 Bed
- 1 Bath
- 768 sft
9557 University Ave APT 16, Clive, IA, 50325
$ 100,000
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25.0Cash Flow/m
147- 3 Bed
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- 1050 sft
103 W 4th St, Anamosa, IA, 52205
$ 100,000
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31.9Cash Flow/m
337- 2 Bed
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$ 100,000
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22.3Cash Flow/m
71- 3 Bed
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301 NE C St, Melcher Dallas, IA, 50062
$ 100,000
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23.9Cash Flow/m
115- 3 Bed
- 1 Bath
- 1768 sft
1632 S Central Ave, Burlington, IA, 52601
$ 100,000
ROI
25.2Cash Flow/m
151- 2 Bed
- 1 Bath
- 1389 sft
28 Canning St, Council Bluffs, IA, 51503
Fix & Flip
$ 100,000
ROI
25.1Cash Flow/m
148- 2 Bed
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3223 McKinley Ave, Davenport, IA, 52802
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24.1Cash Flow/m
121- - Bed
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1251 Kimberly Rd, Bettendorf, IA, 52722
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$ 100,000
ROI
24.8Cash Flow/m
140- 2 Bed
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1519 E Court St, Iowa City, IA, 52245
Fix & Flip
$ 100,000
ROI
26.6Cash Flow/m
191- 3 Bed
- 2 Bath
- 1680 sft
1000 E Corning St, Red Oak, IA, 51566
$ 100,000
ROI
25.1Cash Flow/m
149- 6 Bed
- 2 Bath
- - sft
712 Main St, Keokuk, IA, 52632
Fix & Flip
$ 100,000
ROI
24.1Cash Flow/m
122- 3 Bed
- 2 Bath
- 2142 sft
26921 Highway 92, Sigourney, IA, 52591
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Rental Income
$ 100,000
ROI
24.2Cash Flow/m
124- 2 Bed
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$ 100,000
ROI
24.2Cash Flow/m
123- 1 Bed
- 1 Bath
- 1216 sft
31534 Market St, Garden City, IA, 50102
$ 100,000
ROI
23.4Cash Flow/m
103- 2 Bed
- 1 Bath
- 1021 sft
115 Roselawn Ave, Muscatine, IA, 52761
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$ 100,000
ROI
23.5Cash Flow/m
105- 2 Bed
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- 774 sft
425 2nd St, West Des Moines, IA, 50265
Why Invest in Altoona, Iowa?
Multi-family properties in Altoona, IA offer strong investment potential with stable rental demand. Average rents support healthy cash flows while cap rates remain attractive for the Des Moines metro area. Renter occupancy exceeds 35%, bolstered by proximity to job centers. Annual appreciation around 2% provides long-term value growth. Low vacancy risks make this a resilient choice for passive income.
8.5%
Avg. ROI
6.2%
Rental Yield
7.1%
Cap Rate
$1250/mo
Avg. Cash Flow
$1150/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
Altoona offers stable renter demand from Des Moines commuters with low vacancy rates around 5%. Proximity to major employers supports consistent cash flows. Cap rates near 7% provide attractive entry points for investors.
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