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1121 & 1127 Parkway Drive

Boone, IA 50036
  • $630,000
  • STATUS: Closed
  • ON SITE: 133 Days
  • MLS #: 725311
Sold - 10/31/2025
$630,000
SOLD - 10/31/2025
  • 16
    BEDS
  • N/A
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 826
    SQFT
  • $763
    $/SQFT
Neighborhood:
Boone
Type:
Multi-Family
Built:
1979
County:
Boone
Area:
Boone

School Ratings & Info

School District:
Boone
Visit GreatSchools.org

Description

Exceptional investment opportunity in Boone! This well-maintained 8-unit multifamily property at 1121 & 1127 Parkway Drive offers a strong rental history and desirable location. Each building features spacious apartments with functional layouts, garage, parking, and tenant-friendly amenities. Situated in a quiet residential neighborhood with convenient access to schools, shopping, and major roadways, this property attracts long-term renters and delivers steady cash flow. Whether you're adding to your portfolio or making your first multifamily purchase, this turnkey asset is a solid choice with upside potential.

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© 2026 Des Moines Multiple Listing Service. IDX 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. Data is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty Capital City. Data last updated: 2026-01-13T16:22:45.727.
www.exitrealtycc.com/homes/167494635
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1121 & 1127 Parkway Drive Boone, IA 50036

  • Price: $650,000
  • Status: Closed
  • On Site: 133 Days
  • Updated: 51 min ago
  • MLS #: 725311
16
Beds
8
Baths
0
½ Baths
N/A
Acres
826
SQFT
$763
$/SQFT
1979
Built
Neighborhood:
Boone
County:
Boone
Area:
Boone
School District:
Boone
Property Description
Exceptional investment opportunity in Boone! This well-maintained 8-unit multifamily property at 1121 & 1127 Parkway Drive offers a strong rental history and desirable location. Each building features spacious apartments with functional layouts, garage, parking, and tenant-friendly amenities. Situated in a quiet residential neighborhood with convenient access to schools, shopping, and major roadways, this property attracts long-term renters and delivers steady cash flow. Whether you're adding to your portfolio or making your first multifamily purchase, this turnkey asset is a solid choice with upside potential.
Exterior Features

Attached Garage YN No Construction Materials See Remarks Foundation Details Block Slab Garage YN Yes Parking Features Detached Garage Road Surface Type Concrete Roof Asphalt Shingle

Interior Features

Cooling Central Air Cooling YN Yes Heating Forced Air Gas Natural Gas Heating YN Yes

Property Features

Buyer Financing Cash Lease Considered YN No Listing Terms See Remarks Owner Pays Insurance Property Sub Type Additional Apartment Structure Type Apartment Multi Family Tax Annual Amount 8936 Tenant Pays Electricity Gas Utilities Electricity Available Natural Gas Available Water Source Public Zoning RES

Listing provided courtesy of Realty ONE Group Impact: (515) 446-7524. © 2026 Des Moines Multiple Listing Service.
© 2026 Des Moines Multiple Listing Service. IDX 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. Data is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty Capital City. Data last updated: 2026-01-13T16:22:45.727.
 
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