Seller's Agent in 2025
Collin Fett
RE/MAX
(515) 329-4011
124 Total Sales
190 1st St Gilbert, IA 50105
--
Bed
--
Bath
3,932
Sq Ft
0.44
Acres
Highlights
- Central Air
- Gilbert Elementary School Rated A
- Heating System Uses Natural Gas
About This Home
As of May 2025Investor 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
RE/MAX REAL ESTATE CENTER License #B63491 Listed on: 03/25/2025
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
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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 | $4,682 | $285,400 | $39,900 | $245,500 |
| 2024 | $4,492 | $265,800 | $39,900 | $225,900 |
| 2023 | $4,502 | $265,800 | $39,900 | $225,900 |
| 2022 | $5,238 | $229,900 | $47,500 | $182,400 |
| 2021 | $5,758 | $229,900 | $47,500 | $182,400 |
| 2020 | $5,648 | $229,900 | $47,500 | $182,400 |
| 2019 | $5,648 | $221,200 | $47,500 | $173,700 |
| 2018 | $5,422 | $187,300 | $32,100 | $155,200 |
| 2017 | $5,422 | $187,300 | $32,100 | $155,200 |
| 2016 | $5,636 | $172,400 | $32,100 | $140,300 |
| 2015 | $5,636 | $172,400 | $32,100 | $140,300 |
| 2014 | $5,224 | $156,900 | $32,100 | $124,800 |
Source: Public Records
Agents Affiliated with this Home
-
Collin Fett
-
Fett Team
F
Seller Co-Listing Agent in 2025
Fett Team
RE/MAX
87 Total Sales
-
Bo Frangenberg
Buyer's Agent in 2025
Bo Frangenberg
CENTURY 21 SIGNATURE-Ames
(515) 710-5729
91 Total Sales
Map
Source: Central Iowa Board of REALTORS®
MLS Number: 66868
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