$350,000
PENDING

190 1st St Gilbert, IA 50105

Estimated payment $2,324/month

Total Views 610
-- Bed
4 Baths
3,932 Sq Ft
$89 Price per Sq Ft

Highlights

  • 4 Kitchens
  • No HOA
  • Forced Air Heating and Cooling System
  • Gilbert Elementary School Rated A
  • Laundry Room

About This Home

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!

Listing Agent

Collin Fett

RE/MAX REC

RE/MAX REC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,491

Year Built

  • Built in 1970

Home Design

  • Brick Foundation

Interior Spaces

  • 4 Full Bathrooms
  • 3,932 Sq Ft Home
  • 2-Story Property

Kitchen

  • 4 Kitchens
  • Stove
  • Cooktop
  • Microwave

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • 0.44 Acre Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 0504475220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,491

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 89.01
  • Year Built: 1970
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 4
  • Stoves Total: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Second Floor Full Bathrooms: 4
  • Kitchens: 4
  • Laundry: Yes
  • Half Bathrooms: 4
  • Included Items: Cooktop, Dryer, Microwave, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 3932
  • Total Sq Ft: 3932

Exterior Features

  • Foundation: Brick

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Schools

  • School District: Gilbert

Lot Info

  • Acres: 0.4362
  • Lot S F: 19000
  • Assessor Parcel Number: 0504475220
  • Zoning: res

Rental Info

  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Water Tenant

Tax Info

  • Gross Taxes: 4491.05
  • Net Taxes: 4492.00

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Gilbert

Map

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
03/27/2025 03/27/25 Pending -- -- --
03/25/2025 03/25/25 For Sale $350,000 -- $89 / Sq Ft
Source: Des Moines Area Association of REALTORS®

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See All Homes in Gilbert

Source: Des Moines Area Association of REALTORS®

MLS Number: 714105

Des Moines Area Association of REALTORS®

Iowa Story County Gilbert 50105

190 1st St, Gilbert, IA

Homes for Sale in Gilbert, IA

This home is located at 190 1st St, Gilbert, IA 50105 and is currently priced at $350,000, approximately $89 per square foot. 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Des Moines Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Collin Fett
Listing Agent
Collin Fett
Section Image
RE/MAX REC
(515) 679-6711