1000 3rd St NW Independence, IA 50644
Estimated payment $1,088/month
Highlights
- Corner Lot
- Laundry Room
- Heating System Uses Steam
- Patio
About This Home
Great opportunity to add a solid income-producing property to your portfolio! This 2-story duplex offers two spacious apartments, each with comfortable layouts and desirable amenities for tenants. The recently updated upper-level apartment features a welcoming entryway that leads into a roomy eat-in kitchen with pantry. A large living room provides plenty of space, while two bedrooms and a nicely updated bathroom with a large tiled shower and laundry area complete the living area. The main-level apartment offers an eat-in kitchen, comfortable living room, two bedrooms, and a bathroom featuring a tiled shower and laundry area. Both units provide practical, easy-to-maintain living spaces that appeal to long-term renters. Situated on a nice corner lot, the property includes an off-street parking area and a concrete patio, offering outdoor space for tenants to enjoy. Each apartment is currently leased for $850/month, creating immediate rental income. Tenants pay electric, water, sewer, and garbage, while the landlord covers gas, lawn care, and snow removal. Most appliances are included with the sale, making this a convenient turnkey investment. (Upstairs microwave and downstairs washer/dryer belong to tenants and are excluded.) With both units occupied and generating steady rental income, this duplex presents an excellent opportunity for investors seeking reliable cash flow.
Listing Agent
RE/MAX Independence Realty Brokerage Phone: 563-920-8212 License #B56021000 Listed on: 03/12/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,140
Year Built
- Built in 1940
Lot Details
- 9,984 Sq Ft Lot
- Lot Dimensions are 128' x 78'
- Corner Lot
Home Design
- Duplex
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 4 Bedrooms
- 1,072 Sq Ft Home
- 2-Story Property
- Laundry Room
Parking
- 4 Open Parking Spaces
- No Garage
- Over 1 Space Per Unit
Outdoor Features
- Patio
Schools
- Independence Elementary And Middle School
- Independence High School
Utilities
- Window Unit Cooling System
- Heating System Uses Steam
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 0633479015
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,140 | $121,340 | $24,740 | $96,600 |
| 2024 | $2,140 | $106,830 | $22,090 | $84,740 |
| 2023 | $2,076 | $106,830 | $22,090 | $84,740 |
| 2022 | $1,914 | $89,120 | $17,530 | $71,590 |
| 2021 | $1,904 | $90,960 | $17,530 | $73,430 |
| 2020 | $1,904 | $83,760 | $15,940 | $67,820 |
| 2019 | $1,910 | $83,760 | $15,940 | $67,820 |
| 2018 | $1,830 | $82,930 | $15,940 | $66,990 |
| 2017 | $1,782 | $82,930 | $15,940 | $66,990 |
| 2016 | $1,754 | $79,600 | $9,480 | $70,120 |
| 2015 | $1,754 | $79,600 | $9,480 | $70,120 |
| 2014 | $1,790 | $79,600 | $9,480 | $70,120 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/12/2026 03/12/26 | For Sale | $175,000 | -- | $163 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $68,000 | Brian C Eddy Of Roberts & Eddy | |
| Warranty Deed | $90,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $92,233 | Commercial |
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20260986
APN: 06.33.479.015
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Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.