616 W Water St Decorah, IA 52101
Estimated payment $1,827/month
Highlights
- Corner Lot
- Enclosed Patio or Porch
- Forced Air Heating System
- Carrie Lee Elementary School Rated 9+
About This Home
Income-producing duplex situated on a corner lot in the heart of downtown! This once-in-a-lifetime opportunity offers incredible potential for a home-based business or investment property. Enjoy the unbeatable location—just steps away from local restaurants, breweries, and the Trout Run Trail.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,075
Year Built
- Built in 1900
Lot Details
- 31 Sq Ft Lot
- Corner Lot
Home Design
- Duplex
- Asphalt Roof
- Slate
Interior Spaces
- Stone Basement
- Laundry on lower level
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Parking
- 4 Open Parking Spaces
- No Garage
- Parking Available
Outdoor Features
- Enclosed Patio or Porch
Schools
- Decorah Community Schools Elementary And Middle School
- Decorah Community Schools High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 111632801300
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 | $3,076 | $163,370 | $22,610 | $140,760 |
| 2023 | $2,938 | $163,370 | $22,610 | $140,760 |
| 2022 | $2,328 | $140,980 | $18,840 | $122,140 |
| 2021 | $2,220 | $115,320 | $18,840 | $96,480 |
| 2020 | $2,220 | $107,960 | $18,840 | $89,120 |
| 2019 | $2,160 | $107,960 | $0 | $0 |
| 2018 | $2,176 | $107,960 | $0 | $0 |
| 2017 | $2,120 | $101,100 | $0 | $0 |
| 2016 | $2,088 | $101,100 | $0 | $0 |
| 2015 | $1,982 | $95,990 | $0 | $0 |
| 2014 | $1,946 | $95,990 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/08/2025 09/08/25 | For Sale | $295,000 | -- | $439 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- |
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20254399
APN: 111632801300
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