# 1521 S G Avenue, Nevada, IA 50201

> **TL;DR:** 1bd/33ba residential multi family, $2,100,000 ($127/sqft), built 1997, 16,594 sqft. Est. $9,100/mo. Listed 142 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,100,000 |
| Price/sqft | $127 |
| Bedrooms | 1 |
| Bathrooms | 33 full |
| Square Feet | 16,594 |
| Year Built | 1997 |
| Lot Size | 89,298 sqft (2.05 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 142 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $9,100 |
| **Total** | **$9,100** |

## Property Highlights

- Built in 1997
- 2.05 acre lot

## Description

### Agent Description
Nevada Living Apartments presents a strong, turnkey investment opportunity in the heart of Nevada, IA. This fully stabilized, recently renovated 33-unit complex features efficient studio apartments, each with its own, newly renovated, kitchen. An on-site laundry room with coin-operated machines provides additional revenue, while a spacious 2-bedroom manager's apartment allows for convenient, built-in oversight or added rental income. A utility monitoring system has also been installed to maximize cost efficiency. With modern updates, reliable occupancy, and multiple income streams, this property offers long-term stability in a growing community. Broker has a financial interest.

## Location

- **Address:** 1521 S G Avenue, Nevada, IA 50201
- **County:** Story
- **Coordinates:** 42.006161, -93.439331
- **Google Maps:** https://www.google.com/maps?q=42.006161,-93.439331

## Listing Agent

- **Name:** Guns, Matthew
- **Brokerage:** WB Realty Company
- **Phone:** (515) 554-4543
- **Email:** mguns@wbrealty.com

## Primary Photo

![1521 S G Avenue - Primary Photo](http://lh.rdcpix.com/674ab7a4b0b257afeb606629c424920dl-f227674496r.jpg)

*5 total photos available on [listing page](https://www.propertysimple.com/listing/1521-s-g-avenue-nevada-ia-50201-a730729)*

---

**MLS#:** 730729 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1521-s-g-avenue-nevada-ia-50201-a730729)

---

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