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Property Description

Investment opportunity in Atlantic, IA! This 2-story commercial building features 11 apartment units with strong income potential and value-add opportunity. The property includes 8 one-bedroom units, 2 two-bedroom units, and 1 three-bedroom unit, offering a versatile unit mix to attract a variety of tenants. Currently, 5 units are occupied, 3 units are rent-ready, and 3 units are in the process of being remodeled—providing immediate income with room to increase cash flow. Vacant units have received updates including fresh paint, new flooring, and general maintenance improvements. Hallways are also being refreshed with new paint and linoleum flooring, enhancing overall appeal. All apartments include a kitchen refrigerator and stove. Some units share heat while others have separate systems. There is no central air; certain units have window A/C units, and others require tenant-supplied cooling. Whether you’re looking to expand your portfolio or step into multifamily investing, this property offers strong potential with ongoing improvements already underway. A great business venture with opportunity to build equity and increase returns!

Features
Forced Air
Window Unit(s)
Full, Unfinished
On Street, Additional Parking
Carpet, Vinyl
City Sewer/Connected
Electric Common, Heating Common, Hot Water Common, Electric Separate, Heating Separate, Hot Water Separate
Appliances
Range, Refrigerator
Address Map
US
IA
Cass
Atlantic
50022
4th
17
Street
From HWY 6 thru Atlantic, turn onto Poplar St. In 0.2 miles, turn onto W 4th St. & the property is the second building on the right.
W
Residential-Multi-Family
Additional Information
100x70
Public
550000
Other
11
None
Residential
Brick
Financial
3536
Listing Information
218916
28042
Active
2026-04-17T01:01:35Z
NoCoast

17 W 4th Street, Atlantic, Iowa 50022

Commercial Sale For Sale

$540,000
Listing ID #6335998
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 6335998
Price : $540,000
Year Built : 1940
Status : Active
Office Name : Audubon Real Estate
Property Sub Type : Apartment
Roof : Rubber
Contact Us
Address
704 W US Highway 30
Carroll, IA 51401
Property