Manchester IA Real Estate &

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Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
20264271
Type:
Apartment
Lot size:
0.42 Acres
Year built:
1980
A broker reciprocity listing Courtesy: EPM, Iowa 319-560-3543
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ADDITIONAL INFORMATION

Add a proven, low-maintenance multifamily asset to your portfolio with these two well-maintained four-unit apartment buildings in Manchester. The eight-unit property was completely renovated in 2021 and has maintained full occupancy throughout the current owner’s management—demonstrating consistent demand and dependable income potential. The renovated two-bedroom apartments feature updated flooring, paint, kitchen cabinets, appliances, furnaces, and central air conditioning. Each resident pays their own water, electricity, and gas, significantly limiting the owner’s utility exposure. Landlord responsibilities are streamlined to lawn care, snow removal, common-area cleaning, trash service, and a house electric meter. Investment highlights include: - Eight apartments across two four-unit buildings - Strong occupancy history under current management - Comprehensive renovation completed in 2021/2022 - Individually paid resident utilities: water, electricity, and gas - Low ongoing maintenance and operating demands - Updated interiors, mechanical systems, and central air conditioning - Established rental location in Manchester, the Delaware County seat This is an appealing opportunity for an investor seeking a stabilized multifamily property without the immediate renovation burden commonly associated with older apartment assets. With updated units, controlled owner-paid expenses, an excellent occupancy record, and efficient operating requirements, 105 and 109 Ludland Drive offer the fundamentals investors look for in a dependable eight-unit acquisition. If you have been searching for a solid, well-cared-for apartment investment with a demonstrated rental history, this property deserves a closer look.

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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

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. Copyright 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. Information is deemed reliable but is not guaranteed.



Manchester Real Estate

Manchester is located in Iowa. Manchester, Iowa has a population of 5,077. Manchester is less family-centric than the surrounding county with 25.7% of the households containing married families with children. The county average for households married with children is 31.87%.

The median household income in Manchester, Iowa is $53,487. The median household income for the surrounding county is $69,319 compared to the national median of $69,021. The median age of people living in Manchester is 49.4 years.

Manchester Weather

The average high temperature in July is 83.1 degrees, with an average low temperature in January of 7.7 degrees. The average rainfall is approximately 37.3 inches per year, with 32.7 inches of snow per year.

Manchester Map

Manchester Real Estate Market Conditions

  • Median sales price

    $290,000
    13.6%
    change since last quarter
  • # Active listings

    26
    30-day change

Manchester Schools and Demographics

Education near Manchester, IA

City County
High School Graduates 87.98 92.19
College Degree - 2 year 15.79 12.86
College Degree - 4 year 18.16 18.8
Graduate Degree 4.11 3.71
Expenditures per Student 12,875 12,875
Students per Teacher 13.3 13.3

Elementary Schools near Manchester, IA

Grades Students P/T Ratio ZIP
Delhi Elementary School PK - 05 158 21.6 52223
Earlville Elementary School PK - 04 99 24.8 52041
East Buchanan Elementary School PK - 05 326 16 50682
Lambert Elementary School PK - 04 573 15.7 52057

Middle Schools near Manchester, IA

Grades Students P/T Ratio ZIP
East Buchanan Middle School 06 - 08 132 14.5 50682
Maquoketa Valley Middle School 06 - 08 163 19.1 52223
West Delaware Middle School 05 - 08 444 14.9 52057

High Schools near Manchester, IA

Grades Students P/T Ratio ZIP
East Buchanan High School 09 - 12 166 11.2 50682
Edgewood-Colesburg High School 07 - 12 255 11.9 52042
Maquoketa Valley Senior High School 09 - 12 218 11.7 52223
West Delaware High School 09 - 12 484 13 52057

Demographics near Manchester, IA

City County
Neighborhood Type Small Town
Population 5,077 17,508
Population Density 1,046 30
Median Age 49.4 43.7
People per Household 2.3 2.5
Median Household Income 53,487 69,319
Average Income per Capita 30,185 36,665

Real estate near Manchester