215 E Ninth St Madrid, IA 50156
Estimated payment $2,113/month
Highlights
- Deck
- Outdoor Storage
- Baseboard Heating
- No HOA
- Forced Air Heating and Cooling System
About This Home
Rare opportunity to own a unique and versatile 3,400 sqft residential home with four separate living spaces (each with a private entry). Perfect for an owner-occupant looking to offset their mortgage, or a house hacker or investor looking for additional income streams! The property consists of Unit 1 - XL 2bed/1bath unit with a shared enclosed porch. Unit 2. - Upstairs studio / full bath with a shared enclosed porch. Unit 3 - 2bed/1bath with a private enclosed porch and Unit 4 - 1bed/1bath. Units 1 & 2 could be combined to make a large, 2,200 sq ft living space for an owner-occupier while generating rental income from the two remaining units. Three of the units are fully furnished, all which conveys with the sale. All units are currently occupied with short-term leases. The property has extensive updates including new kitchens in each unit, new windows throughout, new hot water tanks, and newer mini-split systems. In addition, a 2,400 sqft unfinished basement with tall ceilings is a huge value add opportunity. With multiple living spaces, additional income streams, and significant upgrades, this property offers exceptional potential for the right buyer!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,092
Year Built
- Built in 1918
Lot Details
- 9,240 Sq Ft Lot
Parking
- Carport
Home Design
- Brick Foundation
- Block Foundation
- Asphalt Shingled Roof
- Metal Siding
Interior Spaces
- 2,686 Sq Ft Home
- Laminate Flooring
- Fire and Smoke Detector
- Unfinished Basement
Kitchen
- Stove
- Cooktop
- Microwave
- Dishwasher
Bedrooms and Bathrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Deck
- Outdoor Storage
Utilities
- Forced Air Heating and Cooling System
- Baseboard Heating
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 088226364186028
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 |
|---|---|---|---|---|
| 2025 | $3,092 | $218,400 | $22,640 | $195,760 |
| 2024 | $3,092 | $158,700 | $16,170 | $142,530 |
| 2023 | $2,890 | $166,003 | $16,170 | $149,833 |
| 2022 | $2,880 | $130,429 | $16,170 | $114,259 |
| 2021 | $2,880 | $130,429 | $16,170 | $114,259 |
| 2020 | $2,854 | $129,186 | $9,702 | $119,484 |
| 2019 | $2,280 | $129,186 | $9,702 | $119,484 |
| 2018 | $2,190 | $100,729 | $0 | $0 |
| 2017 | $2,180 | $86,959 | $4,851 | $82,108 |
| 2016 | $1,868 | $86,959 | $4,851 | $82,108 |
| 2015 | $1,862 | $86,959 | $0 | $0 |
| 2014 | $1,814 | $86,959 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/12/2026 03/12/26 | For Sale | $349,900 | +109.5% | $130 / Sq Ft | |
| 11/18/2022 11/18/22 | Sold | $167,000 | 0.0% | $62 / Sq Ft | View Prior Sale |
| 10/26/2022 10/26/22 | Pending | -- | -- | -- | |
| 10/22/2022 10/22/22 | For Sale | $167,000 | -- | $62 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $167,000 | None Listed On Document | |
| Warranty Deed | $167,000 | -- | |
| Warranty Deed | $121,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $264,000 | New Conventional | |
| Previous Owner | $117,370 | New Conventional |
Source: Des Moines Area Association of REALTORS®
MLS Number: 736117
APN: 088226364186028
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Ask me questions while you tour the home.