409 E 9th St Malvern, IA 51551
Estimated payment $18,204/month
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
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
Map
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 |
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
MLS Number: 11592465
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Ask me questions while you tour the home.