415 E Main St Montezuma, IA 50171
Estimated payment $1,174/month
Total Views
3,235
--
Bed
--
Bath
2,798
Sq Ft
$68
Price per Sq Ft
About This Home
Looking for an investment property that can cash flow immediately? Look no further. Located just a block from the Montezuma square this triplex is fully occupied. Monthly rent is currently $2,200 (Main level - 1 BR $600, 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 24 months with most notably updates to main floor kitchen ('26), upstairs shower, kitchen floor and paint ('26), new windows and renovated third bedroom 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.
Listing Agent
AE Realty, Inc Brokerage Phone: 641-623-2639 License #*** Listed on: 06/30/2026
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/30/2026 06/30/26 | For Sale | $189,000 | +14.5% | $68 / 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $165,000 | None Listed On Document |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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: NOC6339897
APN: 450-1442300
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.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Listings courtesy of NoCoast MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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