$94,900
$10K PRICE DROP

507 King St Fayette, IA 52142

Estimated payment $629/month

Total Views 3,806
-- Bed
-- Bath
869 Sq Ft
$109 Price per Sq Ft

Highlights

  • Deck
  • Level Lot
  • Wood Siding
  • Forced Air Heating and Cooling System

About This Home

Start your investment portfolio or add to it with this income-generating duplex in Fayette! Both units are two bedrooms & one bath. The yard offers space to play or relax and the deck gives you the option for morning coffee or early evening meals. An oversized 34' x 28' garage is located at the back of the property and has a bath and workshop. There is also convenient parking in the front and in the back. Call today!

Listing Agent

Tade Kerndt

Viking Realtors License #B38984000 Listed on: 04/11/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,354

Year Built

  • Built in 1910

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 100' x 110
  • Level Lot

Parking

  • 4 Open Parking Spaces

Home Design

  • Duplex
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Stone Basement
  • Laundry on main level

Outdoor Features

  • Deck

Schools

  • North Fayette Elementary And Middle School
  • North Fayette High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 1128302004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,354

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Parcel Number: 1128302004
  • Year Built: 1910
  • Property Sub-Type: Duplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: 1st Floor
  • ResoLotFeatures: Level
  • Road Frontage Type: Hard Surface Road
  • Co List Office Phone: 563-382-8453
  • MLS Status: ACTIVE
  • Above Grade Finished Sq Ft: 869
  • Unit Levels: Two
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Stone/Rock
  • Below Grade Sq Ft: 689

Exterior Features

  • Construction Type: Wood Siding
  • Patio And Porch Features: Deck
  • Siding: Wood

Garage/Parking

  • Open Parking Spaces: 4
  • Parking Features: Parking Pad, Detached

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Heating: Electric, Forced Air
  • Sewer: Public Sewer
  • Utilities: Elec Individual Meters
  • Water Source: Public

Schools

  • Elementary School: North Fayette
  • High School: North Fayette
  • Middle Or Junior School: North Fayette

Lot Info

  • Zoning: R-2
  • Lot Dimensions: 100' x 110
  • Lot Size Sq Ft: 11000

Rental Info

  • Tenant Pays: Electricity, Garbage Pick-up, Gas, Heat, Snow Removal, Trash Collection, Water
  • Lease Term: Over 9 Months

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1354

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $894 $51,320 $7,050 $44,270
2023 $886 $51,320 $7,050 $44,270
2022 $794 $43,350 $5,880 $37,470
2021 $794 $43,350 $5,880 $37,470
2020 $634 $33,540 $5,640 $27,900
2019 $608 $32,900 $0 $0
2018 $612 $32,900 $0 $0
2017 $578 $27,570 $0 $0
2016 $554 $27,570 $0 $0
2015 $554 $0 $0 $0
2014 $824 $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2025 08/20/25 Price Changed $94,900 -9.5% $109 / Sq Ft
04/11/2025 04/11/25 For Sale $104,900 -- $121 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20251585

Northeast Iowa Regional Board of REALTORS®

APN: 11-28-302-004