409 E  9th St, Malvern, IA 51551
Property image
Property image
FOR SALE
1.71 ACRES

409 E 9th St
Malvern, IA 51551

  • 41 Beds
  • 24 Baths
  • 17 sqft (on 1.71 acres)

$2,900,000

Original price: $3,000,000

$2,900,000

Original price: $3,000,000
41 Beds
24 Baths
17 sqft
(on 1.71 acres)

Home Highlights

Climate Control
Heating only
Price/Sqft
$170,588
Listed
22 days ago

Local Information

  • Map ViewExplore the area around 409 E 9th St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.

Home Details for 409 E 9th St

Interior Features

Interior Details
Basement: PartialNumber of Rooms: 1Types of Rooms: Basement
Beds & Baths
Number of Bedrooms: 41Number of Bathrooms: 24Number of Bathrooms (full): 24
Dimensions and Layout
Living Area: 17 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Dryer, Refrigerator, Oven, WasherDishwasherDryerRefrigeratorWasher
Heating & Cooling
Heating: Has Heating Unspecified TypeNo CoolingHas HeatingHeating Fuel: Has Heating Unspecified Type
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: Amps(0)
View
No View

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
No Garage
Frontage
Not on Waterfront
Finished Area
Finished Area (above surface): 17400 Square Feet

Days on Market

Days on Market: 22

Property Information

Year Built
Year Built: 1970
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family, ApartmentStructure Type: ApartmentArchitecture: Apartment
Building
Construction Materials: FrameNot a New Construction

Price & Status

Price
List Price: $2,900,000Price Per Sqft: $170,588

Active Status

MLS Status: Active

Location

Direction & Address
City: Malvern
School Information
Elementary School District: MalvernJr High / Middle School District: MalvernHigh School District: Malvern

Agent Information

Listing Agent
Listing ID: 11592465

Building

Building Area
Building Area: 17400 Square Feet

HOA

No HOA

Lot Information

Lot Area: 1.71 acres

Offer

Listing Agreement Type: Exclusive

Rental Terms, Policies & Fees

Miscellaneous

BasementMls Number: 11592465Above Grade Unfinished Area: 17400
Last check for updates: about 1 hour ago
Listing courtesy of Julie O'hara, (712) 215-1506
Jim Hughes Real Estate
Source: My State MLS, MLS#11592465

Market trends in Malvern

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
Sale-to-List Price
Price per sq ft
Available listings
10
1
MoM

Price and Tax history

DateEventPrice
Aug 5, 2026
Source: My State MLS #11592465
PriceChange
$2,900,000
Price decreased by 3%
Jul 23, 2026
Source: My State MLS #11592465
Listed For Sale
$3,000,000
May 18, 2026
Source: My State MLS #11592465
ListingRemoved
$3,000,000
Oct 18, 2025
Source: My State MLS #11592465
Listed For Sale
$3,000,000
Mar 1, 2019
Source: SWIAR #18-2095
Sold
$20,000

Similar Homes You May Like

Skip to last item
  • Results are loading
Skip to first item

New Listings near 409 E 9th St

Skip to last item
Skip to first item

Home Value

Learn more about this home's value by checking out the value of nearby homes.

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.04
$120,000
-
-
-
For Sale
0.06
$92,100
2
1
728
Off Market
0.05
-
-
-
-
Off Market
0.05
-
-
-
-
Off Market
0.06
-
-
-
-
Off Market
0.07
-
-
-
-
Off Market
0.07
$190,300
3
2
1,794
Off Market
0.09
$220,400
2
2
1,048
Off Market
0.08
$249,900
3
2
1,056
For Sale
0.09
-
-
-
-
Off Market
0.11
$416,200
4
2.5
5,085
Off Market

Around this home

What Locals Say about Malvern

At least 2 Trulia users voted on each feature.
  • 100 % Say it's dog friendly

  • 100 % Say yards are well-kept

  • 100 % Say it's walkable to restaurants

  • 100 % Say parking is easy

  • 100 % Say car is needed

  • 83 % Say kids play outside

  • 83 % Say it's quiet

  • 80 % Say people would walk alone at night

  • 75 % Say there are sidewalks

  • 67 % Say it's walkable to grocery stores

  • 64 % Say neighbors are friendly

  • 50 % Say there are community events

  • 50 % Say there's holiday spirit

  • 50 % Say there's wildlife

  • 33 % Say streets are well-lit

  • 20 % Say they plan to stay for at least 5 years

Sourced by Trulia users. Learn more about our methodology.

LGBTQ Local Legal Protections

Julie O'hara, Jim Hughes Real Estate
Agent Phone: (712) 215-1506
409 E 9th St, Malvern, IA 51551 is a 41 bedroom, 24 bathroom, 17 sqft multi-family built in 1970. This property is currently available for sale and was listed by My State MLS on Jul 23, 2026. The MLS # for this home is MLS# 11592465.