About This Home

This 41-bedroom, 24-bathroom multi-family at 409 E 9th Street in Malvern, IA is listed for $2,900,000 ($170,588 per sqft). Built in 1970, the home offers 17 sqft of living space on a 1.71 acres lot.

Key Features

Built in 1970
1.71 acre lot

Property Details

24 full

1970

Listing Description

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 (2024) 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.

Monthly Cost Estimate

$15,510/mo

20% down · 6.5% · 30 years

Principal$2,097

Interest$12,567

Insurance$846

Estimates only. Actual payments may vary.

Location

409 E 9th Street

Malvern, IA 51551

Questions & Answers

This 41-bedroom, 24-bathroom multi-family at 409 E 9th Street is listed at $2,900,000 ($170,588/sqft). The estimated monthly payment is $15,510 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1970, 1.71 acre lot.

This property is listed by Julie O'hara.

Julie O'hara

Agent at Jim Hughes Real Estate

409 E 9th Street, Malvern, IA 51551