557 6th Ave S Clinton, IA 52732
Estimated payment $882/month
About This Home
Welcome to a well-cared-for triplex that offers dependable income and low-maintenance ownership-perfect for both new investors entering the market and seasoned buyers seeking strong cash flow. Located close to major employment centers, shopping, dining, the YWCA, and the community pool, this property consistently attracts renters looking for convenience and accessibility. With a gross monthly income of $2,000, plus long-term tenants in two units and a newly placed tenant at $800/month, this building provides immediate revenue with room for upside. Utilities are simple, with water averaging $50/month, sewer $99/month (including trash), and the common area electric averaging only $25/month. Gas is billed back to tenants via RUBS, keeping owner expenses predictable. The property has been well-maintained over the years, benefiting from less deferred maintenance compared to similar buildings. Recent updates include fresh interior paint throughout-Unit 3 received a full repaint-as well as new bathroom flooring in Unit 3. The exterior has also been completely painted, and the deck was recently replaced (per the city inspector) and newly sealed with wood stain. The roof was inspected during another project and confirmed to be in good condition, with no replacement needed. This is an excellent opportunity for investors looking for a stable, well-kept asset or those considering house hacking with a low-down-payment loan.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,188
Year Built
- Built in 1900
Lot Details
- 7,013 Sq Ft Lot
- Lot Dimensions are 50x140
- Level Lot
Parking
- Alley Access
Home Design
- Stone Foundation
Schools
- Clinton High School
Utilities
- Heating System Uses Natural Gas
Community Details
- Electric Expense $300
- Insurance Expense $2,000
- Water Sewer Expense $1,788
- Gross Income $24,000
- Net Operating Income $18,724
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 | $1,188 | $42,140 | $10,060 | $32,080 |
| 2024 | $1,188 | $63,800 | $10,060 | $53,740 |
| 2023 | $1,170 | $63,800 | $10,060 | $53,740 |
| 2022 | $1,302 | $50,540 | $8,750 | $41,790 |
| 2021 | $1,430 | $50,540 | $8,750 | $41,790 |
| 2020 | $1,430 | $51,780 | $8,750 | $43,030 |
| 2019 | $1,626 | $51,780 | $0 | $0 |
| 2018 | $1,702 | $51,780 | $0 | $0 |
| 2017 | $1,790 | $51,780 | $0 | $0 |
| 2016 | $1,854 | $51,780 | $0 | $0 |
| 2015 | $1,854 | $51,780 | $0 | $0 |
| 2014 | $1,940 | $51,780 | $0 | $0 |
| 2013 | $2,068 | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/15/2025 12/15/25 | For Sale | $149,000 | +282.1% | -- | |
| 02/14/2024 02/14/24 | Sold | $39,000 | -13.1% | $13 / Sq Ft | View Prior Sale |
| 01/17/2024 01/17/24 | Pending | -- | -- | -- | |
| 10/27/2023 10/27/23 | Price Changed | $44,900 | -10.0% | $15 / Sq Ft | |
| 09/25/2023 09/25/23 | For Sale | $49,900 | 0.0% | $16 / Sq Ft | |
| 09/11/2023 09/11/23 | Pending | -- | -- | -- | |
| 08/21/2023 08/21/23 | For Sale | $49,900 | -- | $16 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $39,000 | None Listed On Document | |
| Warranty Deed | -- | None Listed On Document |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $0 | New Conventional |
Source: Midwest Real Estate Data (MRED)
MLS Number: QC4270061
APN: 80-2000-0000
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