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.
For sale
$1,800,000
24 N Maple St, Colfax, IA 50054
44beds
9,420sqft
Multi Family, Apartment
Built in 1996
-- sqft lot
$-- Zestimate®
$191/sqft
$-- HOA
What's special
Solid constructionAmple parkingOutdoor space
- 34 days |
- 222 |
- 13 |
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#: 741575
Originating 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
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Listed for sale | $1,800,000$191/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
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.
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
Nearby schools
GreatSchools rating
- 7/10Colfax-Mingo Elementary SchoolGrades: PK-6Distance: 0.2 mi
- 7/10Colfax-Mingo Junior-Senior High SchoolGrades: 7-12Distance: 0.6 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Iowa
- Jasper County
- Colfax
- 50054
- 24 N Maple St

