$246,200
SOLD NOV 3, 2025
-- Bed
-- Bath
3,412 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$72 Per Sq Ft

17% Below List Price

44 Days on Market

About This Home

As of November 2025

Fully Rented with Value-Add Potential. Solid, all-brick 6-unit building with strong rental history and great upside. All 6 units are currently rented, and tenants share access to a convenient common laundry area. In the last 5 years, the property has seen key mechanical upgrades, including 4 new furnaces and 4 new water heaters-helping reduce future capital expenses. Rents are currently very affordable, offering excellent potential for increases over time. Paved parking lot, approximately 10 spaces, great Moline location.

Last Agent to Sell the Property

Jerry Wolking

KW 1Advantage License #B44540000/475.144713 Listed on: 07/30/2025

KW 1Advantage

Last Buyer's Agent

Eric Ryden

Quad Cities Iowa Realty - Moline License #471.010835/B42437000

Quad Cities Iowa Realty - Moline

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,770

Year Built

  • Built in 1976

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 75'x126'

Home Design

  • 3,412 Sq Ft Home
  • Brick Exterior Construction

Utilities

  • Central Air
  • Separate Meters

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $720
  • Trash Expense $1,200
  • Water Sewer Expense $1,680
  • Operating Expense $6,700
  • Gross Income $34,680
  • Net Operating Income $20,210

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,770

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Year Built: 1976
  • Built Before 1978 (Y/N): Yes
  • Legal Description: Lot 3 Hamilton Hghts 1st Add
  • Information: Othr-Call List Agent
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1

Exterior Features

  • Construction Materials: Brick

Utilities

  • Cooling: Central Air
  • Electric: Separate Meters

Fee Information

  • Trash Expense: 1200
  • Water Sewer Expenses: 1680

Lot Info

  • Lot Size Acres: 0.22
  • Lot Dimensions: 75'x126'
  • Zoning: Resid
  • Property Offered: For Sale Only

Building Info

  • BuildingAreaTotal: 3412

Rental Info

  • Board Number: 30

Multi Family

  • Net Operating Income: 20210
  • ElectricExpense: 720
  • GrossIncome: 34680
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 6700

Tax Info

  • Tax Annual Amount: 7769.92

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2025
Closed on
Nov 3, 2025
Sold by
Peschang Kevin G and Peschang Teresa A
Bought by
Find A Place Now Llc
Seller's Agent
Jerry Wolking
KW 1Advantage
Buyer's Agent
Eric Ryden
Quad Cities Iowa Realty - Moline
List Price
$298,000
Sold Price
$246,200
Premium/Discount to List
-$51,800
-17.38%
Views
72
Current Estimated Value
$257,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,466
Avg. Annual Appreciation
19.97%
Original Mortgage
$250,000
Outstanding Balance
$250,000
Interest Rate
6.26%
Mortgage Type
Credit Line Revolving
Estimated Equity
$7,666
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $246,200 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2025 11/03/25 Sold $246,200 -17.4% $72 / Sq Ft
09/12/2025 09/12/25 Pending -- -- --
07/30/2025 07/30/25 For Sale $298,000 -- $87 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $7,770 $88,067 $11,318 $76,749
2023 $7,770 $84,194 $10,820 $73,374
2022 $6,482 $71,244 $10,820 $60,424
2021 $6,460 $68,046 $10,334 $57,712
2020 $6,492 $67,640 $10,272 $57,368
2019 $6,382 $66,054 $10,031 $56,023
2018 $6,147 $64,356 $9,912 $54,444
2017 $6,011 $63,032 $9,708 $53,324
2016 $5,940 $61,979 $9,546 $52,433
2015 $5,815 $60,705 $9,350 $51,355
2014 $1,546 $60,575 $9,330 $51,245
2013 $1,546 $60,575 $9,330 $51,245
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4266009

Midwest Real Estate Data (MRED)

APN: 17-07-214-011