427 E State St Centerville, IA 52544
Estimated payment $1,528/month
About This Home
Here is your chance to own an income producing investment property. This 4-unit property is completely occupied offering $2,450 in monthly rent. All four units have been remodeled making them easily rentable. The spacious entryway to the four-plex has also been remodeled and includes 4 large storage lockers, and coin operated laundry for the tenants. There are 2 units on the main level and two units on the upper level. 3 units are accessible from the inside and one unit is accessed from the outside. Landlord pays water ang gas. 4 separate electric meters. Call an agent to schedule a showing today.
Listing Agent
RE/MAX Pride Ottumwa Brokerage Phone: 641-683-3777 Listed on: 02/03/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Additional Features
- Radiant Floor
- Partial Basement
Community Details
- Gross Income $2,450
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,726 | $184,200 | $14,490 | $169,710 |
| 2024 | $3,168 | $121,210 | $10,350 | $110,860 |
| 2023 | $442 | $121,210 | $10,350 | $110,860 |
| 2022 | $1,804 | $67,410 | $8,280 | $59,130 |
| 2021 | $508 | $64,990 | $8,280 | $56,710 |
| 2020 | $454 | $13,830 | $4,970 | $8,860 |
| 2019 | $1,448 | $40,420 | $0 | $0 |
| 2018 | $2,064 | $40,420 | $0 | $0 |
| 2017 | $157,200 | $40,690 | $0 | $0 |
| 2016 | $1,678 | $0 | $0 | $0 |
| 2015 | $1,678 | $39,800 | $0 | $0 |
| 2014 | $1,840 | $39,800 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/03/2026 02/03/26 | For Sale | $250,000 | +42.9% | $99 / Sq Ft | |
| 06/16/2025 06/16/25 | Sold | $175,000 | 0.0% | $49 / Sq Ft | View Prior Sale |
| 04/26/2025 04/26/25 | Pending | -- | -- | -- | |
| 12/04/2024 12/04/24 | For Sale | $175,000 | 0.0% | $49 / Sq Ft | |
| 12/03/2024 12/03/24 | Off Market | $175,000 | -- | -- | |
| 06/12/2024 06/12/24 | For Sale | $175,000 | +12.9% | $49 / Sq Ft | |
| 11/14/2022 11/14/22 | Sold | $155,000 | -3.1% | $61 / Sq Ft | View Prior Sale |
| 11/01/2022 11/01/22 | Pending | -- | -- | -- | |
| 08/30/2022 08/30/22 | For Sale | $159,900 | -- | $63 / Sq Ft |
Source: NoCoast MLS
MLS Number: NOC6335316
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