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Lamoni Multifamily Investment Opportunity—Potential for 17 Apartments Explore the investment potential of this apartment building in Lamoni, Iowa! The property features eight finished apartments—eight one-bedroom units and one three-bedroom unit—with space for eight additional apartments, offering the potential for 17 total units. Major improvements include a brand-new roof, a brand-new sprinkler system, and updated electrical work in finished units and rough-in electrical work in unfinished units. These upgrades provide a valuable foundation for an investor looking to complete the remaining units and expand the property’s rental potential. Located in a college town close to Interstate 35, this property combines convenient access with an opportunity to build a multifamily investment. Whether you’re growing an existing portfolio or taking on your next renovation project, this Lamoni property offers room to add value and pursue long-term income potential.

  • Year Built
    1971
  • Construction Materials
    Brick
  • Garage Spaces
    2.0
  • Parking Features
    Concrete, Covered
  • Heating
    Forced Air, Hot Water

  • Utilities
    Electricity Connected
  • Water
    Public

  • County
    Decatur
  • City
    Lamoni
  • Zip Code
    50140

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Frequently Asked Questions

How do I schedule a tour of 2010 E Main?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 2010 E Main.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 2010 E Main?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $399,000. We can talk through recent upgrades, potential seller motivation, how this apartment compares to others in Lamoni, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 2010 E Main?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 2010 E Main at around $2,743. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 2010 E Main?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Decatur County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 2010 E Main?

In most cases, yes. Whether 2010 E Main is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Lamoni's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 2010 E Main?

We can handle that for you. Our preferred local agent specializes in commercial sales in Lamoni and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

2010 E Main was listed on October 01, 2026, which means it's been on the market for 36 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1971, making it approximately 55 years old.

What are the property taxes for 2010 E Main?

The most recent public record shows annual property taxes for 2010 E Main were approximately $6,951. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 2010 E Main still available for sale?

This home is pending sale, which means the seller has accepted an offer. You can favorite it to track status or ask our expert to help you find similar homes in this area. We'll also let you know if this property comes back on the market.

Source: ez Home Search, MLS Data

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Listing information 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. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, NoCoast MLS. All rights reserved.

Last Updated: November 06, 2026 at 07:27PM | Source: NoCoast MLS | MLS#: 6343303