Seller's Agent in 2025
Collin Fett
RE/MAX
(515) 329-4011
115 Total Sales
198 1st St Gilbert, IA 50105
Studio
2
Baths
3,932
Sq Ft
0.44
Acres Lot
Highlights
- 4 Kitchens
- No HOA
- Forced Air Heating and Cooling System
- Gilbert Elementary School Rated A
- Laundry Room
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. 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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,491
Year Built
- Built in 1972
Lot Details
- 0.44
Home Design
- Brick Exterior Construction
- Brick Foundation
- Asphalt Shingled Roof
Interior Spaces
- 3,932 Sq Ft Home
- 2-Story Property
Kitchen
- 4 Kitchens
- Stove
- Cooktop
- Microwave
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Additional Features
- 19,000 Sq Ft Lot
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 0504475210
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/08/2025 05/08/25 | Sold | $320,000 | -8.6% | $81 / Sq Ft |
| 03/25/2025 03/25/25 | Pending | -- | -- | -- |
| 03/13/2025 03/13/25 | For Sale | $350,000 | -- | $89 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
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
-
Lisa Vance
Buyer's Agent in 2025
Lisa Vance
LPT Realty, LLC
(303) 809-9492
176 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 713109
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.
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.
Nearby Homes
- 305 1st St
- 302 Upstill St
- 315 Prairie View Dr
- 311 Gretten St
- 334 Cedar Dr
- 517 Timberline Dr
- 214 Cedar Dr
- 202 Cedar Dr
- 17032 Primrose Dr
- 17106 Primrose Dr
- 50467 Clover Ct
- 17132 Primrose Dr
- 17234 Primrose Dr
- 17058 Primrose Dr
- 2006 Aikman Dr
- 17082 Primrose Dr
- 6235 US Highway 69
- 6235 U S 69
- 17206 Primrose Dr
- 17182 Primrose Dr
Your Personal Tour Guide
Ask me questions while you tour the home.