$229,900

316 S Boone St Boone, IA 50036

Estimated payment $1,528/month

Total Views 3,274
-- Bed
-- Bath
3,269 Sq Ft
$70 Price per Sq Ft

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Forced Air Heating System
  • No HOA
  • Cooling System Mounted In Outer Wall Opening

About This Home

Well-kept investment property! This 5-plex is an amazing value as it brings in $2800/month in income when fully occupied and has several long-term tenants! Oversized windows, leaded glass, some hardwood floors, a spacious front porch, and close to downtown make this a great property. Updates include refreshes in some of the units, some new flooring, a partial roof replacement, and a new furnace among others! Unit 2 is available for an opportunity to be an owner occupied investor!

Listing Agent

Patty Meese

Friedrich Realty License #S61772 Listed on: 10/24/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,804

Year Built

  • Built in 1890

Lot Details

  • 0.25 Acre Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Foundation
  • Aluminum Siding

Interior Spaces

  • 3,269 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Laminate
  • Vinyl

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 088426281382056

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $13,380
  • Gross Income $34,368
  • Net Operating Income $20,988

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,804

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: See Remarks
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.25
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built: 1890
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Water Heater:Gas: Yes
  • Floor:Laminate: Yes
  • Floor:Vinyl2: Yes
  • Foundation:Brick2: Yes
  • Floor:Hardwood: Yes
  • Annual Expenses: 13380.0
  • Income Expenses Net Income: 20988.0
  • Cooling:Window Unit(s): Yes
  • Cooling:Wall Unit(s): Yes
  • Special Features: None

Interior Features

  • Has Basement: Full
  • Flooring: Vinyl, Laminate, Hardwood
  • Basement:Full2: Yes

Exterior Features

  • Construction Type: Aluminum Siding
  • Foundation Details: Tile, Brick/Mortar

Garage/Parking

  • Garage Spaces: 2.0
  • Keywords:Garage Type3: Detached
  • Keywords:Parking Spaces2: 1 - 5 Spaces

Utilities

  • Cooling: Window Unit(s), Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Information:Homeowners Association (HOA): No

Schools

  • Junior High Dist: Boone

Lot Info

  • Lot Size Sq Ft: 10800.0
  • Parcel #: 088426281382056
  • Zoning: Residential

Rental Info

  • Who Pays Trash: Tenant
  • Who Pays Water: Tenant

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 34368.0
  • Property Net Operating Income: 20988.0
  • Annual Operating Expense: 13380.0

Tax Info

  • Tax Annual Amount: 3804.0

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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/24/2025 10/24/25 For Sale $229,900 +13.3% $70 / Sq Ft
06/01/2023 06/01/23 Sold $203,000 -7.7% $62 / Sq Ft View Prior Sale
04/24/2023 04/24/23 Pending -- -- --
04/12/2023 04/12/23 For Sale $219,900 -- $67 / Sq Ft
Source: Central Iowa Board of REALTORS®

Source: Central Iowa Board of REALTORS®

MLS Number: 68789

APN: 088426284282108

Iowa Boone County Boone 50036

316 S Boone St, Boone, IA

For Sale

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Patty Meese
Listing Agent
Patty Meese
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Friedrich Realty
(515) 474-7730