Estimated payment $1,138/month
Don't miss this fantastic investment property on Locust Street in Quincy! This 4-unit apartment building offers excellent income potential with one tenant already in place on a month-to-month lease that would like to stay. Each unit has been updated with fresh paint and new flooring, making them move-in ready for future tenants. The property features a gravel lot behind the building for convenient tenant parking, along with a detached garage for additional storage or potential rental income. Whether you're a seasoned investor or looking to start your rental portfolio, this property offers immediate rental income potential with room to grow! Schedule a showing today to explore this fantastic opportunity. Listing agent accompanied showings. Please provide 48 hour notice to notify tenants. Package pricing offered for any combination of 1001 Bird, Hannibal; 504 Broadway, Hannibal; 640 N. 12th, Quincy; 537 Locust, Quincy.
| 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 | $1,830 | $28,060 | $4,020 | $24,040 |
| 2023 | $1,722 | $26,030 | $3,730 | $22,300 |
| 2022 | $1,628 | $24,300 | $3,480 | $20,820 |
| 2021 | $1,641 | $23,810 | $3,410 | $20,400 |
| 2020 | $1,609 | $23,340 | $3,340 | $20,000 |
| 2019 | $1,566 | $22,900 | $3,400 | $19,500 |
| 2018 | $1,553 | $22,450 | $3,330 | $19,120 |
| 2017 | $1,959 | $28,750 | $3,300 | $25,450 |
| 2016 | $1,923 | $27,580 | $3,170 | $24,410 |
| 2015 | $1,847,120 | $27,580 | $3,170 | $24,410 |
| 2012 | $1,848 | $26,670 | $3,070 | $23,600 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/15/2025 05/15/25 | Price Changed | $179,500 | -5.5% | -- |
| 03/11/2025 03/11/25 | For Sale | $190,000 | -25.5% | -- |
| 03/04/2025 03/04/25 | Off Market | $255,000 | -- | -- |
| 06/15/2017 06/15/17 | Sold | $67,357 | -22.6% | -- |
| 05/16/2017 05/16/17 | Pending | -- | -- | -- |
| 03/09/2016 03/09/16 | For Sale | $87,000 | +16.8% | -- |
| 05/15/2013 05/15/13 | Sold | $74,500 | -12.4% | -- |
| 04/15/2013 04/15/13 | Pending | -- | -- | -- |
| 01/14/2013 01/14/13 | For Sale | $85,000 | -- | -- |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $67,357 | Title Center |
$164,900
Investment property showing a strong 14.65% Cap Rate, 4.65% higher than the national average. 5-unit complex near downtown, the Hospital, gourmet coffee shop and other retail stores. Current owner built out Unit #E that was not previously habitable, 3 additional units have been painted (1 unit has a long term tenant), New vinyl flooring in 2 units. Off street parking behind building. As units
Mel Couch Davis & Associates, REALTORS
$175,000
818 -20 S. 8th St. Quincy is an excellent investment opportunity for an updated 4-plex. * Potential Gross monthly rent of $21050 ($25,800 / year) * 4 units, each with 1 bedroom and 1 bath * 3 units recently updated with modern plank flooring and fresh paint * 1 unit occupied by a long-term tenant * Garage (currently unrented) and off-street parking * Recent exterior improvements: tuckpointing and
Spencer Schelp Swick Realty
Source: MARIS MLS
MLS Number: MIS25012953
APN: 23-7-0892-000-00
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