NOT LISTED FOR SALE

302-306 1/2 1st St S E Oelwein, IA 50662

7 Beds
6 Baths
2,638 Sq Ft
9,375 Sq Ft Lot

Last Sold February 05, 2021

Last sale price $134,700 $51 Per Sq Ft

1,045 Days on Market

Highlights

  • Corner Lot
  • Covered patio or porch
  • Forced Air Heating and Cooling System

About This Home

As of February 2021

This brick multi-family unit will make a great addition to any investor’s portfolio. Good cash flow with 5 units bringing in $2,200/month. All apartments are currently occupied with leases. The main floor offers three-1 bedroom apartments with each having a kitchen, living room, full bath, basement storage and washer/dryer hookups. There are two-2 bedroom apartments on the second floor with each featuring a spacious kitchen, living room, 1.5 baths, central air and washer/dryer hookups. All apartments are metered separately and tenants pay their own utilities. Landlord pays garbage only. Sitting prominently on a corner lot with off-street parking and a one-stall attached garage.

Last Agent to Sell the Property

Curt Martin

RE/MAX Independence Realty Brokerage Phone: 563-920-8212 License #B56021000 Listed on: 02/07/2018

RE/MAX Independence Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1909

Lot Details

  • 9,375 Sq Ft Lot
  • Lot Dimensions are 125' x 75'
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Membrane Roofing
  • Asphalt Roof

Interior Spaces

  • 2-Story Property

Laundry

  • Laundry on main level
  • Washer and Gas Dryer Hookup

Basement

  • Stone Basement
  • Interior Basement Entry

Parking

  • 6 Open Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking

Outdoor Features

  • Covered patio or porch

Schools

  • Oelwein Elementary And Middle School
  • Oelwein High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • 5 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, heat, water
  • Assessor Parcel Number 1821410001

Property Details

Home Type

Multi-Family

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Parcel Number: 1821410001
  • Year Built: 1909
  • Property Sub-Type: Multi-Family 5+
  • PropertyType: Residential Income
  • ResoLaundryFeatures: 1st Floor, 2nd Floor, Dryer Hookup-Gas, Washer Hookup
  • ResoLotFeatures: Corner Lot
  • Lot Size Acres: 0.22
  • Road Frontage Type: Paved Streets
  • Attribution Contact: CELL: 563-920-8212
  • Co List Office Phone: 319-334-5703
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2638
  • Architectural Style: Two Story, Apartments (5+ Units)
  • Reso Roof: Membrane, Asphalt
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Entrance-Inside, Floor Drain, Stone/Rock
  • Below Grade Sq Ft: 2638

Exterior Features

  • Construction Type: Brick
  • Exterior Features: Porch-Covered
  • Siding: Brick

Garage/Parking

  • Open Parking Spaces: 6
  • Parking Features: Attached, Over 1 Space, Paved

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Sewer: City Sewer
  • Utilities: Cable Paid by Individual, Elec Individual Meters, Garbage in Rent, Gas Individual Meters, Water - Multiple Meters
  • Water Source: City

Schools

  • Elementary School: Oelwein
  • High School: Oelwein
  • Middle Or Junior School: Oelwein

Lot Info

  • Zoning: R-3
  • Lot Dimensions: 125' x 75'
  • Lot Size Sq Ft: 9375

Rental Info

  • Tenant Pays: Electricity, Gas, Heat, Water
  • Lease Term: Over 9 Months

Multi Family

  • Number Of Units Total: 5

Tax Info

  • Tax Annual Amount: 4326

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
02/05/2021 02/05/21 Sold $134,700 -8.7% $51 / Sq Ft
12/18/2020 12/18/20 Pending -- -- --
08/06/2020 08/06/20 Price Changed $147,500 -1.6% $56 / Sq Ft
10/24/2019 10/24/19 Price Changed $149,900 -9.2% $57 / Sq Ft
10/08/2018 10/08/18 Price Changed $165,000 -5.7% $63 / Sq Ft
08/07/2018 08/07/18 Price Changed $175,000 -2.8% $66 / Sq Ft
07/16/2018 07/16/18 For Sale $180,000 +33.6% $68 / Sq Ft
07/06/2018 07/06/18 Off Market $134,700 -- --
06/25/2018 06/25/18 Price Changed $180,000 -2.7% $68 / Sq Ft
02/07/2018 02/07/18 For Sale $185,000 -- $70 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Curt Martin

    Seller's Agent in 2021

    Curt Martin

    RE/MAX

    (563) 920-8212

    163 Total Sales

    Curt Martin
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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20180546

Northeast Iowa Regional Board of REALTORS®

Iowa Fayette County Oelwein 50662

302-306 1/2 1st St S E, Oelwein, IA

This home is located at 302-306 1/2 1st St S E, Oelwein, IA 50662 since 07 February 2018. This property was built in 1909. 302-306 1/2 1st St S E is a home located in Fayette County with nearby schools including Little Husky Learning Center, Parkside Elementary School, and Wings Park Elementary 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.

Northeast Iowa Regional Board 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.

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