NOT LISTED FOR SALE

190 1st St Gilbert, IA 50105

2 Beds
2 Baths
3,932 Sq Ft
0.44 Acres

Last Sold May 29, 2025

Last sale price $327,000 $83 Per Sq Ft

2 Days on Market

Highlights

  • Central Air
  • Gilbert Elementary School Rated A
  • Heating System Uses Natural Gas

About This Home

As of May 2025

Investor 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. 2 units in this building have been renovated and the other 2 are still 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: 03/25/2025

RE/MAX REAL ESTATE CENTER

Co-Listed By

Fett Team

RE/MAX REAL ESTATE CENTER

Last Buyer's Agent

Bo Frangenberg

CENTURY 21 SIGNATURE-Ames License #S67353

CENTURY 21 SIGNATURE-Ames

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,491

Year Built

  • Built in 1970

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

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 05-04-475-220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,491

Year Built

Built in 1970

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: 1970
  • 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: Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Gilbert

Lot Info

  • Lot Size Sq Ft: 19000.0
  • Parcel #: 05-04-475-220
  • Zoning: res

Rental Info

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

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4491.05

Range of Values:

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List Price
Sold Price
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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
05/29/2025 05/29/25 Sold $327,000 -6.6% $83 / Sq Ft
03/27/2025 03/27/25 Pending -- -- --
03/25/2025 03/25/25 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

    130 Total Sales

    Collin Fett
    Section Image

  • F

    Seller Co-Listing Agent in 2025

    Fett Team

    RE/MAX

    87 Total Sales

    Fett Team
    Section Image
  • Bo Frangenberg

    Buyer's Agent in 2025

    Bo Frangenberg

    CENTURY 21 SIGNATURE-Ames

    (515) 710-5729

    89 Total Sales

    Bo Frangenberg
    Section Image
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Map

Source: Central Iowa Board of REALTORS®

MLS Number: 66868

Iowa Story County Gilbert 50105

190 1st St, Gilbert, IA

This home is located at 190 1st St, Gilbert, IA 50105 since 25 March 2025. This property was built in 1970. 190 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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