$303,000
SOLD JUL 9, 2025

188 1st St Gilbert, IA 50105

-- Bed
-- Bath
3,932 Sq Ft
0.44 Acres

Recently Sold

$77 Per Sq Ft

13% Below List Price

17 Days on Market

Highlights

  • No HOA
  • Gilbert Elementary School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of July 2025

IInvestor or House Hack Opportunity! This well-maintained 4-plex, located in the growing town of Gilbert, offers four spacious 2-bedroom, 1.5-bathroom units. 1 unit in this building is renovated and the rest are original finishes. Each unit features a private back deck or patio overlooking a wooded area for added privacy. Recent updates include a new roof, gutters, and flooring. The property also features a master lock system and a brick exterior ensuring durability with minimal maintenance. All utilities are separately metered, reducing landlord expenses. With Gilbert's strong rental demand, there's excellent potential to increase rents and maximize cash flow. Walking distance to Gilbert's highly rated school and charming Main Street is great for tenant retention. This prime multi-family property won't last long!

Last Agent to Sell the Property

Collin Fett

RE/MAX REAL ESTATE CENTER License #B63491 Listed on: 03/27/2025

RE/MAX REAL ESTATE CENTER

Co-Listed By

Fett Team

RE/MAX REAL ESTATE CENTER

Last Buyer's Agent

Member Non

CENTRAL IOWA BOARD OF REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,488

Year Built

  • Built in 1972

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 150x125

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 3,932 Sq Ft Home
  • 2-Story Property

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 05-04-475-230

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,488

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.44
  • Lot Size: 150x125
  • Co List Office Mls Id: REMAX
  • Architectural Style: 2 Story
  • Garage Yn: No
  • Year Built: 1972
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Cooling:Central Air: Yes
  • Water Heater:Gas: Yes
  • Exterior:Brick: Yes
  • Foundation:Brick2: Yes
  • Keywords:Architectural Style2: 2 Story
  • Special Features: None

Interior Features

  • Has Basement: None
  • Basement:None3: Yes

Exterior Features

  • Construction Type: Brick
  • Foundation Details: Brick/Mortar

Garage/Parking

  • Keywords:Garage Capacity3: None
  • Keywords:Garage Type3: None
  • Keywords:Parking Spaces2: 6 - 10 Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Information:Homeowners Association (HOA): No

Schools

  • Junior High Dist: Gilbert

Lot Info

  • Lot Size Sq Ft: 19000.0
  • Parcel #: 05-04-475-230
  • Zoning: res

Rental Info

  • Who Pays Trash: Landlord
  • Who Pays Water: Tenant

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4487.7

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 Sold $303,000 -13.4% $77 / Sq Ft
04/13/2025 04/13/25 Pending -- -- --
03/27/2025 03/27/25 For Sale $350,000 -- $89 / Sq Ft
Source: Central Iowa Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Collin Fett

    Seller's Agent in 2025

    Collin Fett

    RE/MAX

    (515) 329-4011

    140 Total Sales

    Collin Fett
    Section Image

  • F

    Seller Co-Listing Agent in 2025

    Fett Team

    RE/MAX

    85 Total Sales

    Fett Team
    Section Image

  • M

    Buyer's Agent in 2025

    Member Non

    CENTRAL IOWA BOARD OF REALTORS

See All Agents

Map

Source: Central Iowa Board of REALTORS®

MLS Number: 66908

Iowa Story County Gilbert 50105

188 1st St, Gilbert, IA

This home is located at 188 1st St, Gilbert, IA 50105 and is currently priced at $303,000, approximately $77 per square foot. This property was built in 1972. 188 1st St is a home located in Story County with nearby schools including Gilbert Elementary School, Gilbert Intermediate School, and Gilbert Middle School.

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