Norwalk IA Multi Family for Sale

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Type:
Cluster
Sq.Ft.:
4,935
Status:
NEW LISTING
Beds:
3
Lot size:
0.12 Acres
Year built:
2024
Baths:
5.00
MLS#:
707774

ADDITIONAL INFORMATION

This newly constructed 3-plex offers an excellent investment opportunity with three well-designed, 1,645 SF units. Each 2-story unit includes 3 bedrooms, 2.5 baths, and an attached 2-car garage. The main floor features an open layout with Quartz countertops, tile backsplash, island, corner pantry, stainless steel appliances, and luxury vinyl plank flooring. Upstairs, enjoy a spacious primary suite with private bath and walk-in closet, two additional bedrooms, full bath, and laundry. The property includes private patios, backyard space, and low HOA dues of $165/month covering snow removal, lawn care, exterior maintenance, and insurance. A 5-year partial tax abatement further supports cash flow, and CenturyLink internet is ready for tenant setup. Seller is also willing to secure tenants and rent out units if the buyer prefers—a comparable unit is currently leasing for $2,050/month. Contact us for more details.

Type:
Cluster
Sq.Ft.:
2,690
Status:
Active
Beds:
4
Lot size:
0.13 Acres
Year built:
2022
Baths:
4.00
MLS#:
685374

ADDITIONAL INFORMATION

One-story duplex, nestled in the coveted Silver Estates of Norwalk. Boasting a distinctive facade with front porches and unique aesthetics for each unit. Each of the two units features 2 bedrooms and 2 bathrooms. Unit 112 offers 1,305 SF of finished space on the main level, while Unit 113 impresses with 1,385 SF of finish (plus unfinished lower levels). Step inside to an inviting open layout, where the kitchen takes center stage. Revel in stylish cabinets, a chic tile backsplash, an island with Quartz countertops, a convenient corner pantry, stainless steel appliances, and luxurious maintenance-free vinyl plank flooring. Cozy up to the gas fireplace, adding warmth and charm to the living space. The primary bedroom suite is a retreat of its own, featuring a private bath with a tile shower, dual vanity, and spacious walk-in closets. Additional highlights include an unfinished basement, a dedicated laundry room, a covered deck, and a 2-car attached garage. As part of Silver Estates, HOA dues cover snow removal, lawn care, exterior maintenance, and exterior insurance, ensuring a hassle-free lifestyle. Benefit from a partial tax abatement, making this duplex a wise investment. Currently both units are rented to tenants, it presents a fantastic opportunity for owner-occupation or continued rental income. Don't miss your chance to seize this great opportunity for modern living in a thriving community!

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Albert Wright Page, License B62241000, Xome Inc., License FO5635000, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176


This information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2024 Des Moines Area Association of Realtors. All rights reserved.



Norwalk Real Estate

The median home value in Norwalk, IA is $333,455. This is higher than the county median home value of $263,700. The national median home value is $338,100. The average price of homes sold in Norwalk, IA is $333,455. Approximately 79.11% of Norwalk homes are owned, compared to 17.65% rented, while 3.23% are vacant. Norwalk real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Norwalk real estate agent to arrange a tour today!

Norwalk, Iowa has a population of 12,592. Norwalk is more family-centric than the surrounding county with 45.03% of the households containing married families with children. The county average for households married with children is 36.92%.

The median household income in Norwalk, Iowa is $91,610. The median household income for the surrounding county is $85,189 compared to the national median of $69,021. The median age of people living in Norwalk is 36 years.

Norwalk Weather

The average high temperature in July is 85.6 degrees, with an average low temperature in January of 12.5 degrees. The average rainfall is approximately 36.1 inches per year, with 30.5 inches of snow per year.

Norwalk Real Estate Market Conditions

  • Median sales price

    $333,455
    15.7% change since last quarter
  • # Active listings

    231
    30-day change

Norwalk Schools and Demographics

Education near Norwalk, IA

Metric City County
High School Graduates 98.25 95.77
College Degree - 2 year 13.29 12.61
College Degree - 4 year 40.03 32.31
Graduate Degree 10.82 7.2
Expenditures per Student 13,932 13,932
Students per Teacher 16.1 16.1

Elementary Schools near Norwalk, IA

School Grades Students P/T Ratio ZIP
Fairmeadows Elementary School KG - 06 559 17.4 50265
Hillside Elementary School KG - 06 597 14 50265
Howe Elementary School PK - 05 298 13.1 50315
Jackson Elementary School KG - 05 435 14.3 50315
Jefferson Elementary School KG - 05 425 18.1 50321
Jordan Creek Elementary School PK - 06 794 17.8 50265
Lakewood Elementary School 03 - 05 642 15.9 50211
Lovejoy Elementary School PK - 05 380 12.7 50315
Martensdale Elementary School PK - 06 313 13.7 50160
McKinley Elementary School PK - 05 359 12.5 50315
Morris Elementary School PK - 05 595 12.2 50315
Oviatt Elementary School PK - 02 629 14.1 50211
Park Avenue Elementary School PK - 05 424 13.2 50315
South Union Elementary School PK - 05 520 13.6 50315
Studebaker Elementary School KG - 05 452 15.6 50315
Western Hills Elementary School PK - 06 621 15 50265
Wright Elementary School PK - 05 289 17 50315

Middle Schools near Norwalk, IA

School Grades Students P/T Ratio ZIP
Brody Middle School 06 - 08 736 16.6 50321
Norwalk Middle School 06 - 08 588 13.1 50211
Phenix Elementary Early Childhood Center PK - 03 182 11.3 50265
Stilwell Junior High School 07 - 08 710 14.3 50265
Weeks Middle School 06 - 08 670 14.3 50315

High Schools near Norwalk, IA

School Grades Students P/T Ratio ZIP
Lincoln High School 09 - 12 2,171 19.1 50315
Martensdale-St. Marys Junior-Senior High School 07 - 12 262 13.3 50160
Norwalk Senior High School 09 - 12 810 14.3 50211

Ungraded Schools near Norwalk, IA

School Grades Students P/T Ratio ZIP
* Walnut Creek Campus 09 - 12 154 12.9 50265
Orchard Place School KG - 12 95 7.9 50315
Valley Southwoods 09 - 09 734 16.3 50265

Demographics near Norwalk, IA

Metric City County
Neighborhood Type Suburban
Population 12,592 51,862
Population Density 1,102 91
Median Age 36 38.4
People per Household 2.6 2.6
Median Household Income 91,610 85,189
Average Income per Capita 42,354 38,087