24 N Maple St Colfax, IA 50054
Estimated payment $10,891/month
Highlights
- No HOA
- Storage
- 5-minute walk to Colfax Woman's Club Park
- Laundry Room
- Forced Air Heating and Cooling System
About This Home
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.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $25,255
Year Built
- Built in 1996
Lot Details
- 38,880 Sq Ft Lot
- Lot Dimensions are 240x162
Parking
- Driveway
Home Design
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 1 Full Bathroom
- 9,420 Sq Ft Home
- Storage
- Laundry Room
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 1101337001
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $25,254 | $1,277,680 | $57,240 | $1,220,440 |
| 2024 | $25,254 | $1,326,680 | $57,240 | $1,269,440 |
| 2023 | $25,442 | $1,327,200 | $57,240 | $1,269,960 |
| 2022 | $21,128 | $944,260 | $57,240 | $887,020 |
| 2021 | $20,244 | $940,930 | $57,240 | $883,690 |
| 2020 | $20,244 | $848,500 | $40,050 | $808,450 |
| 2019 | $21,292 | $844,580 | $0 | $0 |
| 2018 | $21,292 | $844,580 | $0 | $0 |
| 2017 | $21,008 | $844,580 | $0 | $0 |
| 2016 | $21,008 | $687,770 | $0 | $0 |
| 2015 | $17,008 | $687,770 | $0 | $0 |
| 2014 | $16,188 | $687,770 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/17/2026 08/17/26 | Price Changed | $1,600,000 | -11.1% | $170 / Sq Ft |
| 08/06/2026 08/06/26 | For Sale | $1,800,000 | 0.0% | $191 / Sq Ft |
| 07/08/2026 07/08/26 | Pending | -- | -- | -- |
| 05/26/2026 05/26/26 | For Sale | $1,800,000 | -- | $191 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
MLS Number: 741575
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