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For sale
  • Price cut: $200K (8/17)
    $1,600,000

    24 N Maple St, Colfax, IA 50054

    44beds
    9,420sqft
    : 
    $11,388/mo
    Get pre-qualified
    Multi Family, Apartment
    Built in 1996
    -- sqft lot
    $-- Zestimate®
    $170/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.
    13 days
    |
    135
    |
    5
    |

    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

      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: $170/sqft
      • Annual tax amount: $25,254
      • Date on market: 5/26/2026
      • Cumulative days on market: 56 days
      • Listing terms: Cash,Conventional
      • Road surface type: Concrete

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/17/2026Price change$1,600,000-11.1%$170/sqft
        Source: DMMLS #741575 Report a problem
        8/6/2026Listed for sale$1,800,000$191/sqft
        Source: DMMLS #741575 Report a problem
        7/8/2026Pending sale$1,800,000$191/sqft
        Source: DMMLS #741575 Report a problem
        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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 50054

        Getting around

        40 / 100
        Car-Dependent
        24 / 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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