$140,000

311 N Avenue C Washington, IA 52353

Estimated payment $870/month

Total Views 8,168
4 Beds
2 Baths
1,664 Sq Ft
$84 Price per Sq Ft

Highlights

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

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

RE/MAX Affiliates Listed on: 10/17/2025

RE/MAX Affiliates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Parking

  • 3 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

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

Schools

  • Washington Elementary And Middle School
  • Washington High School

Utilities

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

Additional Features

  • Lot Dimensions are 78.5 x 116
  • Property is near schools and shops

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

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
  • 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

  • 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

  • Assessor Parcel Number: 1117163005

Multi Family

  • Units Total: 2

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
2025 $1,666 $84,800 $17,700 $67,100
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 List to Sale Price per Sq Ft
10/17/2025 10/17/25 For Sale $140,000 -- $84 / 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: 202506534

Iowa City Area Association of REALTORS®

APN: 11-17-163-005

Iowa Washington County Washington 52353

311 N Avenue C, Washington, IA

For Sale

MultiFamily

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.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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Peter Schwartz
Listing Agent
Peter Schwartz
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RE/MAX Affiliates
(319) 462-7516