$2,100,000

1521 S G Ave Nevada, IA 50201

Estimated payment $12,690/month

-- Bed
32 Baths
16,594 Sq Ft
$127 Price per Sq Ft

Highlights

  • 32 Kitchens
  • 2.05 Acre Lot
  • No HOA
  • Central Elementary School Rated A-

About This Home

Nevada Living Apartments presents a strong, turnkey investment opportunity in the heart of Nevada, IA. This fully stabilized, recently renovated 32-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.

Listing Agent

Matt Guns

WB Realty Company Listed on: 11/19/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,466

Year Built

  • Built in 1997

Lot Details

  • 2.05 Acre Lot
  • Irregular Lot

Parking

  • Driveway

Home Design

  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 32 Full Bathrooms
  • 16,594 Sq Ft Home
  • Crawl Space
  • 32 Kitchens

Community Details

  • No Home Owners Association
  • 32 Units

Listing and Financial Details

  • Assessor Parcel Number 11-17-116-125

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,466

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Lp Amt Sq Ft: 126.55
  • Year Built: 1997
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: See Remarks
  • Total Bathrooms: 32.00
  • Full Bathrooms: 32
  • First Floor Full Bathrooms: 32
  • Basement Description: Crawl Space
  • Kitchens: 32
  • Included Items: See Remarks
  • Living Area Sq Ft: 16594
  • Total Sq Ft: 16594

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: See Remarks
  • Roof: Asphalt Shingle

Garage/Parking

  • Driveway: Concrete

Utilities

  • Sewer: City
  • Water: City

Association/Amenities

  • Amenities: See Remarks

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Lot Info

  • Acres: 2.0500
  • Lot S F: 89416
  • Lot Shape: Irregular
  • Assessor Parcel Number: 11-17-116-125
  • Zoning: MR R3

Tax Info

  • Gross Taxes: 19466.00
  • Net Taxes: 19466.00
  • Tax Year: 2024

Multi Family

  • Total Units: 32

MLS Schools

  • School District: Nevada

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2025 11/19/25 For Sale $2,100,000 -- $127 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Source: Des Moines Area Association of REALTORS®

MLS Number: 730729

Des Moines Area Association of REALTORS®
Iowa Story County Nevada 50201

1521 S G Ave, Nevada, IA

For Sale

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Matt Guns
Listing Agent
Matt Guns
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WB Realty Company
(515) 705-2897