$3,000,000

409 E 9th St Malvern, IA 51551

Estimated payment $17,876/month

Total Views 3,990
41 Beds
24 Baths
17,400 Sq Ft
$172 Price per Sq Ft

About This Home

Welcome to a beautifully reimagined 15-unit multifamily property designed for efficient ownership and premium tenant appeal. Every unit showcases tasteful custom trim and crown molding, contemporary kitchens and baths with glass tile backsplashes and thoughtfully chosen finishes that balance style and durability. Each unit has its own HVAC system, breaker box and on-demand water heater. Includes new electrical, plumbing, roof and outdoor improvements/landscaping. A rare combination of aesthetic upgrades and practical, investor-friendly systems. This turn-key building checks the boxes: curb appeal, modern interiors and minimal upkeep. (2) 4/2 bed/bath; (7) 3/2 bed/bath and (6) 2/1 bed/bath

Listing Agent

Julie O'Hara

Jim Hughes Real Estate Listed on: 10/17/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1970

Lot Details

  • 1.71 Acre Lot

Home Design

  • Frame Construction

Interior Spaces

  • 17,400 Sq Ft Home
  • Partial Basement

Kitchen

  • Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 41 Bedrooms
  • 24 Full Bathrooms

Laundry

  • Dryer
  • Washer

Property Details

Home Type

Apartment

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Directions To Property: Main Street, Malvern - east on 10th Street to the intersection of Lincoln and 10th. Building sits on the south side of the street.
  • HamletID: 0
  • LandRentAmount: 0
  • Lot Size Acres: 1.71
  • Number Of Stories: 0
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Malvern
  • PropertyTownship: Malvern
  • Prop. Type: Multi-Unit
  • Renovation Year: 0
  • ResidentialStyle: Apartment
  • SForSaleAndRForRental: S
  • USStateAbbreviation: IA
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • ApplianceDishwasher: Yes
  • ApplianceDryer: Yes
  • ApplianceOven: Yes
  • ApplianceRefrigerator: Yes
  • ApplianceWasher: Yes
  • Basement Type: Partial
  • Fireplaces: 0
  • AboveArea Sq Ft: 17400

Exterior Features

  • Construction Type: Frame

Garage/Parking

  • AttachedParking: 0
  • Numberof Garage Spaces: 0

Condo/Co-op/Association

  • Units in Building: 0

Schools

  • School District: Malvern

Lot Info

  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 41
  • Total Taxes: 0

Tax Info

  • Tax Year: 0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Tax History

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 $26,266 $2,350,145 $60,975 $2,289,170
2024 $26,266 $1,608,872 $60,975 $1,547,897
2023 $4,890 $946,155 $30,650 $915,505
2022 $6,682 $206,216 $22,987 $183,229
2021 $6,682 $206,216 $22,987 $183,229
2020 $0 $206,216 $22,987 $183,229
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/17/2025 10/17/25 For Sale $3,000,000 +14900.0% $172 / Sq Ft
03/01/2019 03/01/19 Sold $20,000 +100.0% -- View Prior Sale
11/12/2018 11/12/18 Pending -- -- --
10/09/2018 10/09/18 For Sale $10,000 -- --
Source: My State MLS

Source: My State MLS

MLS Number: 11592465

Iowa Mills County Malvern 51551

409 E 9th St, Malvern, IA

For Sale

MultiFamily

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Julie O'Hara
Listing Agent
Julie O'Hara
Section Image
Jim Hughes Real Estate
(712) 357-8903