2102 Gary Ave Spirit Lake, IA 51360
Estimated payment $1,629/month
About This Home
This multi-unit property is a fantastic investment opportunity, offering strong rental income in a great Spirit Lake location. Some of the units have been updated with new flooring and paint. Whether you're looking to expand your investment portfolio or dive into real estate for the first time, this property offers both immediate cash flow and long-term potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,886
Year Built
- Built in 1920
Lot Details
- 9,035 Sq Ft Lot
Home Design
- Quadruplex
- Frame Construction
- Asphalt Roof
- Wood Siding
Interior Spaces
- 2,448 Sq Ft Home
- 2-Story Property
- Partial Basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 0704407004
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $1,886 | $156,100 | $23,600 | $132,500 |
| 2023 | $1,626 | $156,100 | $23,600 | $132,500 |
| 2022 | $1,836 | $112,600 | $27,100 | $85,500 |
| 2021 | $1,836 | $112,600 | $27,100 | $85,500 |
| 2020 | $2,345 | $112,600 | $27,100 | $85,500 |
| 2019 | $2,437 | $112,600 | $27,100 | $85,500 |
| 2018 | $2,292 | $112,600 | $27,100 | $85,500 |
| 2017 | $2,292 | $112,600 | $27,100 | $85,500 |
| 2016 | $2,284 | $107,000 | $25,800 | $81,200 |
| 2015 | $2,438 | $107,000 | $25,800 | $81,200 |
| 2014 | $2,284 | $98,600 | $21,300 | $77,300 |
| 2013 | $2,396 | $98,600 | $21,300 | $77,300 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/18/2025 04/18/25 | For Sale | $270,000 | +22.7% | $110 / Sq Ft |
| 04/28/2023 04/28/23 | Sold | $220,000 | -7.6% | $90 / Sq Ft |
| 03/07/2023 03/07/23 | Pending | -- | -- | -- |
| 01/31/2023 01/31/23 | For Sale | $238,000 | -- | $97 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $172,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $671,000 | New Conventional |
Source: Iowa Great Lakes Board of REALTORS®
MLS Number: 250415
APN: 07-04-407-004
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