Nevada Living Apartments presents a strong, turnkey investment opportunity in the heart of Nevada, IA. This fully stabilized, recently renovated 33-unit complex features efficient studio apartments, each with its own, newly renovated, kitchen. An on-site laundry room with coin-operated machines provides additional revenue, while a spacious 2-bedroom manager’s apartment allows for convenient, built-in oversight or added rental income. A utility monitoring system has also been installed to maximize cost efficiency. With modern updates, reliable occupancy, and multiple income streams, this property offers long-term stability in a growing community.
Broker has a financial interest.
For sale
$2,100,000
1521 S G Ave, Nevada, IA 50201
1beds
16,594sqft
Multi Family
Built in 1997
-- sqft lot
$-- Zestimate®
$127/sqft
$-- HOA
What's special
Modern updatesEfficient studio apartments
- 236 days |
- 142 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Matthew Guns (515)966-5478,
WB Realty Company
Source: DMMLS,MLS#: 730729
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 33
- Full bathrooms: 33
Heating
- Natural Gas, See Remarks
Appliances
- Included: See Remarks
Features
- See Remarks
- Basement: Crawl Space
Interior area
- Total structure area: 16,594
- Total interior livable area: 16,594 sqft
Property
Lot
- Size: 2.05 Acres
- Features: Irregular Lot
Details
- Parcel number: 1117116125
- Zoning: MR R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: See Remarks
- Roof: Asphalt,Shingle
Condition
- Year built: 1997
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: See Remarks
HOA
- Has HOA: No
Location
- Region: Nevada
Financial & listing details
- Price per square foot: $127/sqft
- Annual tax amount: $19,466
- Date on market: 11/19/2025
- Cumulative days on market: 236 days
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 11/19/2025 | Listed for sale | $2,100,000$127/sqft |
Source:  DMMLS #730729 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 50201
Nearby schools
GreatSchools rating
- 8/10Central Elementary SchoolGrades: PK-4Distance: 1 mi
- 8/10Nevada Middle SchoolGrades: 5-8Distance: 1.1 mi
- 5/10Nevada High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- District: Nevada
Source: DMMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
