$267,675
$260,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
3,428 SqFt
SOLD DATE : 12/12/2025
Key Details
Sold Price $267,675
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,428 sqft
Price per Sqft $78
MLS Listing ID 2508965
Sold Date 12/12/25
HOA Y/N No
Total Fin. Sqft 3428
Year Built 1980
Annual Tax Amount $4,922
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Multi Family
Property Description
Quality Four-plex with a blend of stability and opportunity. This property has been proudly owned by the same family for decades, delivering consistent rental income in a fantastic location just moments from 1st Avenue, with a short drive to Marion and the bustling Lindale Mall shopping district—convenience meets cash flow! This well-maintained investment features four spacious two-bedroom, one-bath units, each designed for comfortable living, plus an income-boosting common laundry in the lower level. Enjoy peace of mind with major updates already in place, including a new roof installed in 2023, and 18 replacement windows, a sliding patio door, and a large picture window all upgraded in 2015. Hot water heat and window/wall air-conditioning ensure year-round comfort for tenants, while the detached four-stall garage offers ample parking and storage—a rare and valuable perk. Whether you're a seasoned investor or seeking a reliable income property, this turnkey four-plex is brimming with long-term potential.
Location
State IA
County Linn
Area Se Quadrant
Zoning Res3+Uni
Rooms
Basement Partial, Concrete
Interior
Interior Features InteriorFeatures
Heating Hot Water
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Parking Features Parking Space(s)
Utilities Available Separate Meters
Water Access Desc Public
Porch Deck, Patio
Total Parking Spaces 2
Garage Yes
Building
Foundation Poured
Sewer Public Sewer
Water Public
Structure Type Frame,Vinyl Siding
Schools
Elementary Schools Kenwood
Middle Schools Franklin
High Schools Washington
Others
Tax ID 14112-01005-00000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with SKOGMAN REALTY
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