$149,900
$25K PRICE DROP

311 N Avenue C Washington, IA 52353

Estimated payment $930/month

Total Views 4,592
4 Beds
2 Baths
1,664 Sq Ft
$90 Price per Sq Ft

Highlights

  • Living Room
  • Forced Air Heating System
  • Dining Room
  • Property is near schools

About This Home

Unique duplex investment opportunity in Washington! This property features two separately metered units, both with private entrances on the front of the home. Unit 1 is a 3-bedroom, 1-bath layout located entirely on the main floor, with access to a small unfinished basement. Unit 2 opens to a main-level entryway and living space, with the kitchen, bedroom, and bathroom located upstairs. Both units are currently tenant-occupied on month-to-month leases, offering immediate cash flow for investors or potential for an owner-occupant looking to offset their mortgage. Built in 1890, the home offers charm, versatility, and walkable access to downtown Washington’s shops, restaurants, and schools. Each tenant pays their own apartment's electric, gas, and water. 48-hour notice required for all showings. Interior photos available for layout upon request.

Listing Agent

Peter Schwartz

Ruhl&Ruhl, Realtors Listed on: 08/06/2025

Ruhl&Ruhl, Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,666

Year Built

  • Built in 1890

Lot Details

  • Lot Dimensions are 78.5 x 116

Parking

  • 3 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 1,664 Sq Ft Home
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Crawl Space

Location

  • Property is near schools
  • Property is near shops

Schools

  • Washington Elementary And Middle School
  • Washington High School

Utilities

  • Forced Air Heating System
  • Heating System Mounted To A Wall or Window
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 1117163005

Community Details

Overview

  • 2 Units
  • 12 03 M M Youngs Add Subdivision

Building Details

  • Insurance Expense $750
  • Maintenance Expense $1,000
  • Gross Income $16,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,666

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Provided
  • Remarks: Unique duplex investment opportunity in Washington! This property features two separately metered units, both with private entrances on the front of the home. Unit 1 is a 3-bedroom, 1-bath layout located entirely on the main floor, with access to a small unfinished basement. Unit 2 opens to a main-level entryway and living space, with the kitchen, bedroom, and bathroom located upstairs. Both units are currently tenant-occupied on month-to-month leases, offering immediate cash flow for investors or potential for an owner-occupant looking to offset their mortgage. Built in 1890, the home offers charm, versatility, and walkable access to downtown Washington’s shops, restaurants, and schools. Each tenant pays their own apartment's electric, gas, and water. 48-hour notice required for all showings. Interior photos available for layout upon request.
  • Year Built: 1890
  • Tax Year Report: 2024
  • Subdivision: 12 03 M M YOUNGS ADD
  • Rental Permit: Yes
  • Directions: Turn East off of Highway 1 onto W Fifth St. Turn right (South) onto N Ave C. Duplex is on the West side of the road two places before getting to W Third St.
  • L O1 Dues Paid: y
  • Amenities: Sidewalks, Close to School, Close to Shopping
  • Basement Remarks: Crawl, Unfinished
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Sq Ft Above: 1664

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 3 Car

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Window/Wall Units, Forced Air

Schools

  • Elementary School: Washington
  • Middle School: Washington
  • High School: Washington
  • High School: Washington
  • Jr Middle School: Washington
  • Elementary School: Washington

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 78.5 x 116
  • Zoning: R - Residential

Tax Info

  • Gross Tax County City: 1666
  • Assessor Parcel Number: 1117163005

Multi Family

  • Units Total: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $1,666 $78,600 $17,700 $60,900
2023 $1,494 $78,600 $17,700 $60,900
2022 $1,446 $62,000 $17,700 $44,300
2021 $1,446 $62,000 $17,700 $44,300
2020 $1,382 $59,400 $17,700 $41,700
2019 $1,422 $59,400 $0 $0
2018 $1,372 $59,100 $0 $0
2017 $1,372 $54,700 $0 $0
2016 $1,252 $54,700 $0 $0
2015 $1,252 $54,700 $0 $0
2014 $1,222 $54,700 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2025 08/25/25 Price Changed $149,900 -14.3% $90 / Sq Ft
08/06/2025 08/06/25 For Sale $175,000 -- $105 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $60,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $60,000 Future Advance Clause Open End Mortgage
Source: Public Records

Source: Iowa City Area Association of REALTORS®

MLS Number: 202505047

Iowa City Area Association of REALTORS®

APN: 11-17-163-005