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For sale
  • $1,800,000

    24 N Maple St, Colfax, IA 50054

    44beds
    9,420sqft
    : 
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    Multi Family, Apartment
    Built in 1996
    -- sqft lot
    $-- Zestimate®
    $191/sqft
    $-- HOA

    What's special

    Solid constructionAmple parkingOutdoor space
    Investment Opportunity This well-maintained, single-owner apartment complex offers an exceptional turn-key investment in a stable Iowa community. Consisting of 3 buildings totaling 7,824 square feet on a generous 0.89-acre lot, the property features 22 units -all configured as spacious 2-bedroom, 1-bathroom layouts - and enjoys 100% occupancy, delivering immediate and reliable cash flow. Built in 1996 with solid construction, this vintage-style multi-family property provides functional and comfortable floor plans that continue to attract long-term tenants. The complex includes ample parking and outdoor space, situated in a convenient location near downtown Colfax with easy access to local amenities, schools, and major transportation routes. Key Highlights: 22 units ? all 2 bed / 1 bath -100% occupancy with strong rental demand -Single-owner property (family-owned and operated) -3 buildings totaling 7,824 sq ft on 0.89 acres -Vintage charm with practical, well-built design -Excellent parking and outdoor space -Strong income-producing asset Perfect for investors seeking a fully occupied, cash-flowing multi-family property with consistent performance. Colfax's small-town appeal combined with proximity to larger employment centers supports continued tenant stability and demand. Serious inquiries only - contact for detailed financials, rent roll, unit photos. All information obtained from seller and public records.
    34 days
    |
    222
    |
    13
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jason Ring (515)205-1200,

    RE/MAX Precision,

    Chassi Prado 515-321-4830,

    RE/MAX Precision

    Source: DMMLS,MLS#: 741575MLS LogoOriginating MLS: Des Moines Area Association of REALTORS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 44
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Forced Air, Gas, Natural Gas
      Cooling
      • Central Air
      Interior area
      • Total structure area: 9,420
      • Total interior livable area: 9,420 sqft

      Property

      Lot
      • Size: 0.89 Acres
      • Dimensions: 240 x 162
      Details
      • Parcel number: 1101337001
      • Zoning: MR R3

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family, Apartment
      Materials
      • Vinyl Siding
      • Roof: Asphalt,Shingle
      Condition
      • Year built: 1996

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Colfax

      Financial & listing details

      • Price per square foot: $191/sqft
      • Annual tax amount: $25,254
      • Date on market: 5/26/2026
      • Listing terms: Cash,Conventional
      • Road surface type: Concrete

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/26/2026Listed for sale$1,800,000$191/sqft
        Source: DMMLS #741575 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 50054

        Getting around

        40 / 100
        Car-Dependent
        21 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Colfax-Mingo

        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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