Lake Manawa Multifamily Site — Sale in Council Bluffs, IA

  • Price: $1M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Council Bluffs, IA 51501

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Lake Manawa Multifamily Site — Sale in Council Bluffs, IA, photo 1 of 1

Description

Large flat lot, ready for development next to Lake Manawa in Council Bluffs, IA. Great development site with Lake Manawa (State Park), Council Bluffs Country Club, Metro Crossing retail, and Manawa Centre retail, all in the immediate area. Site is located at the intersection of I-80/I-29 and Hwy 275/Hwy 92, with easy access to everything in the metro. All utilities nearby. Surrounded by single-family housing, site is best suited for multi-family development.

Market Context

This multifamily in Council Bluffs, IA is listed for sale at $1,035,000. Compare it against other multifamily listings for sale in Council Bluffs, IA — view the full market.

As of Q1 2026, the Omaha multifamily market showed an 8.0% vacancy rate, average asking rents near $1258.21/unit/mo, and rents up 1.6% year over year. Source: Cushman & Wakefield Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

Is the Omaha multifamily market tightening or softening?
Vacancy is around 8.0%, with asking rents rising year over year (Q1 2026).

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