601 15th St SE Altoona, IA 50009
Estimated payment $2,605/month
About This Home
Fantastic investment opportunity with this well-maintained two-story duplex situated on a spacious corner lot in a quiet neighborhood within the SEP School District. Each side of the duplex features 2 bedrooms and 1 bathroom, along with a generous living room, dedicated dining area, and spacious kitchen—ideal for comfortable living. Both units have active leases in place, offering immediate rental income for investors. Property includes storage shed for additional tenant convenience and outdoor storage needs. Tenants enjoy a peaceful residential setting with easy access to nearby amenities. Located just minutes from Hy-Vee, local schools, parks, and a wide selection of restaurants, this property offers both convenience and long-term rental appeal. Whether you’re a seasoned investor or looking to start your real estate portfolio, this duplex presents a great opportunity in a desirable area with consistent rental demand.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,755
Year Built
- Built in 1995
Lot Details
- 0.32 Acre Lot
- Lot Dimensions are 93.3x150
Parking
- Driveway
Home Design
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 4 Bathrooms
- 1,923 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 17100360522000
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 |
|---|---|---|---|---|
| 2024 | $5,204 | $302,100 | $55,000 | $247,100 |
| 2023 | $4,974 | $302,100 | $55,000 | $247,100 |
| 2022 | $4,912 | $243,800 | $46,100 | $197,700 |
| 2021 | $4,808 | $243,800 | $46,100 | $197,700 |
| 2020 | $4,730 | $227,100 | $42,300 | $184,800 |
| 2019 | $4,272 | $227,100 | $42,300 | $184,800 |
| 2018 | $4,280 | $201,400 | $36,800 | $164,600 |
| 2017 | $4,432 | $201,400 | $36,800 | $164,600 |
| 2016 | $4,424 | $189,000 | $34,800 | $154,200 |
| 2015 | $4,424 | $189,000 | $34,800 | $154,200 |
| 2014 | $4,314 | $182,400 | $29,100 | $153,300 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/24/2025 07/24/25 | Price Changed | $390,000 | -2.5% | $203 / Sq Ft |
| 05/15/2025 05/15/25 | For Sale | $400,000 | -- | $208 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $171,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $113,000 | New Conventional | |
| Closed | $132,628 | New Conventional | |
| Closed | $163,400 | Purchase Money Mortgage |
Source: Des Moines Area Association of REALTORS®
MLS Number: 718130
APN: 171-00360522000
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