415 E Main St Montezuma, IA 50171
Estimated payment $1,170/month
Total Views
30,900
--
Bed
--
Bath
2,798
Sq Ft
$71
Price per Sq Ft
About This Home
Looking for an investment property that cash flows almost immediately? Look no further. Located just a block from the Montezuma square this triplex is fully occupied. Monthly rent is currently $2,250 (Main level - 1 BR $650, 1 BR $700, Upper level - 3 BR $900). Tenants pay for their own utilities. The owner pays for mowing and snow removal. Parts of all three units have been updated within last 12 months with most notably new windows and renovated room in upper unit offering more living space. Each unit has a full bath, kitchen with owner-owned appliances, its own electric meter, HVAC system and laundry hookups. The building is well maintained with vinyl siding, metal roof, most of the windows have been replaced, circuit breaker panels, and HVAC systems. Profit/Loss provided upon request. Photos used to show layout - they do not reflect recent updates.
Listing Agent
AE Realty, Inc Brokerage Phone: 641-623-2639 License #*** Listed on: 05/29/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Parking
- 1
Home Design
- Frame Construction
- Metal Roof
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 66x132
- Forced Air Heating System
Map
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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 | $1,632 | $160,900 | $14,260 | $146,640 |
| 2024 | $1,724 | $111,290 | $12,670 | $98,620 |
| 2023 | $1,510 | $111,290 | $12,670 | $98,620 |
| 2022 | $1,738 | $80,660 | $20,390 | $60,270 |
| 2021 | $1,738 | $80,660 | $20,390 | $60,270 |
| 2020 | $1,680 | $68,660 | $18,530 | $50,130 |
| 2019 | $1,584 | $68,660 | $18,530 | $50,130 |
| 2018 | $1,682 | $61,790 | $17,110 | $44,680 |
| 2017 | $1,656 | $61,790 | $17,110 | $44,680 |
| 2016 | $1,830 | $61,790 | $17,110 | $44,680 |
| 2015 | -- | $61,790 | $17,110 | $44,680 |
| 2014 | -- | $60,830 | $10,260 | $50,570 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/05/2025 12/05/25 | For Sale | $199,000 | 0.0% | $71 / Sq Ft | |
| 11/30/2025 11/30/25 | Off Market | $199,000 | -- | -- | |
| 07/14/2025 07/14/25 | Price Changed | $199,000 | -2.9% | $71 / Sq Ft | |
| 05/29/2025 05/29/25 | For Sale | $205,000 | +24.2% | $73 / Sq Ft | |
| 07/31/2023 07/31/23 | Sold | $165,000 | -6.7% | $66 / Sq Ft | View Prior Sale |
| 06/16/2023 06/16/23 | Pending | -- | -- | -- | |
| 05/12/2023 05/12/23 | For Sale | $176,900 | -- | $71 / Sq Ft |
Source: NoCoast MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $165,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $165,970 | Credit Line Revolving |
Source: Public Records
About the Listing Agent
Andy Erselius, AE Realty’s broker, has years of experience in real estate and knows the markets of Montezuma, Lake Ponderosa, Holiday Lake, and the rest of Poweshiek County. Andy has won sales awards from the Iowa Association of Realtors, including the Silver Achievement Award.
In 2006, Andy and his wife, Sara, moved to Montezuma with their newborn son to “plant their roots.” Sara is a native and graduate of Montezuma, but Andy was new to Montezuma and fell in love with the town.
Andy's Other Listings
Source: NoCoast MLS
MLS Number: NOC6328154
APN: 450-1442300
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