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$ 110,000
$ 129,000 14.7%
Est. payment | /mo
5 Beds
3 Baths
6,969 Sqft Lot
$ 110,000
$ 129,000 14.7%
Est. payment | /mo
5 Beds
3 Baths
6,969 Sqft Lot
Key Details
Sold Price $110,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12662441
Sold Date 07/06/26
Bedrooms 5
Year Built 1900
Annual Tax Amount $1,188
Tax Year 2024
Lot Size 6,969 Sqft
Lot Dimensions 50x140
Property Sub-Type Two to Four Units
Property Description
Welcome to a well-cared-for triplex that offers dependable income and low-maintenance ownership. Located close to major employment centers, shopping, dining, the YWCA, and the community pool, this property consistently attracts renters looking for convenience and accessibility. With a current monthly income of $2,000, plus long-term tenants in two units and a newly placed tenant at $800/month, this building provides immediate revenue with room for upside. Utilities are simple, with water averaging $50/month, sewer $99/month (including trash), and the common area electric averaging only $25/month. Gas is billed back to tenants via RUBS, keeping owner expenses predictable. The property has been well-maintained over the years, benefiting from less deferred maintenance compared to similar buildings. Recent updates include fresh interior paint throughout-Unit 3 received a full repaint-as well as new bathroom flooring in Unit 3. The exterior has also been completely painted, and the deck was recently replaced (per the city inspector) and newly sealed with wood stain. The roof was inspected during another project and confirmed to be in good condition, with no replacement needed. This is an excellent opportunity for investors looking for a stable, well-kept asset or those considering house hacking.
Location
State IA
County Clinton
Area Iowa - Clinton
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Roof Type Asphalt
Building
Lot Description Level
Building Description Vinyl Siding, No
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction false
Schools
School District 1278 , 1278, 1278
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Brian Thomas of Ruhl&Ruhl REALTORS Clinton
Bought with Jill Sorrell of Mel Foster Co. Clinton
Bought with Jill Sorrell of Mel Foster Co. Clinton