107 S 4th St Council Bluffs, IA 51503
Gibraltar NeighborhoodEstimated payment $1,299/month
Total Views
4,483
--
Bed
--
Bath
1,862
Sq Ft
$107
Price per Sq Ft
About This Home
Fully leased downtown mixed-use investment property offering immediate income and long-term upside. The main floor features a 551 SF commercial unit currently leased at $775/month. Upstairs is a spacious 3-bedroom, 1-bath apartment leased at $1,200/month plus an additional $75/month in pet rent -- bringing total monthly income to $2,050 ($24,600 annually).This property is professionally managed, providing a low-maintenance, turnkey option for both local and out-of-town investors. Located just steps from The Hub and the Council Bluffs Library, it's positioned in a high-visibility corridor with consistent tenant demand.Bonus: Two adjacent lots are also available for purchase, offering potential for expansion, off-street parking, or future development -- a rare opportunity.
Co-Listing Agent
Hanwright-Edwards Group
Heartland Properties License #00000000000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,214
Year Built
- Built in 1900
Home Design
- Composition Roof
Schools
- Bloomer Elementary School
- Gerald W Kirn Middle School
- Abraham Lincoln High School
Additional Features
- 2-Story Property
- Air Conditioning
Listing and Financial Details
- The owner pays for garbage, water
Map
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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 |
|---|---|---|---|---|
| 2024 | $2,214 | $111,100 | $15,400 | $95,700 |
| 2023 | $2,214 | $111,100 | $15,400 | $95,700 |
| 2022 | $2,244 | $82,900 | $14,100 | $68,800 |
| 2021 | $3,465 | $74,300 | $25,000 | $49,300 |
| 2020 | $2,576 | $74,300 | $25,000 | $49,300 |
| 2019 | $2,668 | $74,300 | $25,000 | $49,300 |
| 2018 | $1,764 | $74,300 | $25,000 | $49,300 |
| 2017 | $1,764 | $69,900 | $10,800 | $59,100 |
| 2015 | $1,744 | $69,900 | $10,800 | $59,100 |
| 2014 | $2,420 | $60,000 | $12,650 | $47,350 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/20/2025 05/20/25 | For Sale | $199,000 | -- | $107 / Sq Ft |
Source: Southwest Iowa Association of Realtors®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Contract Of Sale | $82,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $0 | Seller Take Back |
Source: Public Records
Similar Home in Council Bluffs, IA
Source: Southwest Iowa Association of Realtors®
MLS Number: 25-934
APN: 7544-36-205-003
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