$300,000

403 S Main St Marble Rock, IA 50653

Estimated payment $1,878/month

8 Beds
6 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Water Softener is Owned
  • Baseboard Heating
  • Washer and Dryer

About This Home

SOLID, STEADY & FULL OF OPPORTUNITY—this timeless brick two-building complex is built for lasting returns in a small town setting. Each of the 10 units, five per building, features thoughtful updates and welcoming spaces in both 1- and 2-bedroom layouts. Inside, refreshed kitchens, bright living areas, and modern finishes create an inviting place to call home. Recent improvements include new roofs, doors, windows, water heaters, softeners, and recirculation pumps, offering comfort and efficiency for residents and peace of mind for owners. Convenient on-site amenities such as private parking, coin-operated laundry, and a central dumpster make management effortless. Across the street, a bonus .4-acre lot opens endless possibilities—build more apartments, add garages, or expand storage. With solid brick construction and strong rental appeal, this property delivers today and builds for tomorrow. Schedule your private showing and discover the potential this multi-family gem holds.

Listing Agent

Jenna Sheriff

JANE FISCHER & ASSOCIATES LLC License #B64769 Listed on: 11/07/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 1.4 Acre Lot

Parking

  • Private Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof

Interior Spaces

  • Double Hung Windows
  • Crawl Space
  • Fire and Smoke Detector
  • Electric Range
  • Washer and Dryer

Utilities

  • Baseboard Heating
  • Water Softener is Owned

Community Details

  • 10 Units
  • Net Operating Income $30

Listing and Financial Details

  • The owner pays for snow removal, trash, water
  • Assessor Parcel Number 141611100100/141611200300

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: MULTI-FAMILY
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Windows: Double Hung
  • Kitchen Appliances: Electric Range, Refrigerator, Washer / Dryer, Water Softener-Owned

Exterior Features

  • Construction: Brick
  • Foundation: Crawl, Slab
  • Roof: Asphalt

Garage/Parking

  • Garage Parking: Private Parking
  • Parking: Side & Back Parking Lot

Utilities

  • Flood Insurance: Not Required
  • Heat: Electric Baseboard
  • Utilities Sewer: City
  • Water: City
  • Separate Electric: Yes
  • Separate Heat: Yes

Condo/Co-op/Association

  • Amenities: Smoke Detectors

Lot Info

  • Total Assessed Value: $253,050
  • Estimated Lot Sq Ft: 1 acre + .40 acre
  • Number Of Acres: 1.4
  • Parcel Number: 141611100100/141611200300
  • Zoning: Z2 - Sub-Urban District

Rental Info

  • Annual Rent: $50,400
  • Owner Pays: Snow Removal, Trash, Water
  • Tenant Pays: Electric, Separate Meters

Tax Info

  • Year: 24-25
  • Taxes: $3,848

Multi Family

  • Multi Family Type: Apt. Bldg. 5+
  • Number Of Units: 10

MLS Schools

  • School District: Marble Rock, Rockford, Rudd

Map

Range of Values:

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Average Value
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List Price
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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
11/07/2025 11/07/25 For Sale $300,000 -- --
Source: Mason City Multiple Listing Service

Source: Mason City Multiple Listing Service

MLS Number: 250815

Mason City Multiple Listing Service
Iowa Floyd County Marble Rock 50653

403 S Main St, Marble Rock, IA

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Jenna Sheriff
Listing Agent
Jenna Sheriff
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JANE FISCHER & ASSOCIATES LLC
(641) 658-4184