$240,000

905 5th Ave S Clinton, IA 52732

Estimated payment $1,554/month

Total Views 12,825
8 Beds
-- Bath
514 Sq Ft
$467 Price per Sq Ft

About This Home

This is the one you have been looking for, 6 units all under one roof! This Clinton investment opportunity features (2) three bedroom units, (1) two bedroom unit, and (3) 1 bedroom units. Per the seller, the property was fitted with a new roof in 2021, and also features a detached 55x22 garage, which would be perfect as a shop, or it could be converted into storage units. In addition to the large shop, their are also (5) five covered parking spaces for the tenants. Local property managers are in place, and could easily continue to work for you. Buyer and Buyers Agent to verify all aspects of the property. Roof was replaced in 2021, per the sellers. Total gross rents exceed $47,000 annually. Please see agent remarks for additional improvements. Please allow a minimum of48 hours notice for all showings.

Listing Agent

Michael Rebitzer

All City Realty Brokerage Phone: 563-940-4238 License #S64188000/475.172382 Listed on: 06/17/2025

All City Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 152x140
  • Corner Lot
  • Level Lot

Home Design

  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 8 Bedrooms
  • 514 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 6 Parking Spaces
  • On-Street Parking

Schools

  • Clinton High School

Community Details

  • Flournoys Subdivision
  • Trash Expense $1,116

Listing and Financial Details

  • Assessor Parcel Number 80-27180000

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1900
  • New Construction: No
  • Structure Type: Conversion
  • PricePerSqFt: 466.93
  • Attribution Contact: Cell: 563-940-4238
  • Special Features: None

Interior Features

  • Basement: Full
  • Total Bedrooms: 8

Exterior Features

  • Lot Features: Corner Lot, Level
  • Construction Type: Aluminum Siding
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: On Street, Other, Oversized
  • Total Parking Spaces: 6

Utilities

  • Cooling: None
  • Heating: Hot Water
  • Electric Expense: 2000
  • Water Sewer Expenses: 3615
  • Water Source: Public Sewer, Public
  • GasExpense: 2092
  • NumberOfWaterHeaters: 6
  • NumberOfHeatingUnits: 1
  • NumberOfCentralAirUnits: 0
  • NumberOfGasMeters: 1
  • NumberOfElectricMeters: 6
  • NumberofWaterMeters: 1

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 1116
  • AdvertisingExpense: 0

Schools

  • High School: Clinton High

Lot Info

  • Lot Size: 152x140
  • Parcel #: 80-27180000

Rental Info

  • Tenant Pays: Electricity
  • Lease Term: Variable

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4384
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 47148
  • Resident Manager Expense: 4700
  • Annual Operating Expense: 23637

Map

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
06/17/2025 06/17/25 For Sale $240,000 +37.1% $467 / Sq Ft
12/01/2020 12/01/20 Sold $175,000 0.0% $33 / Sq Ft
09/29/2020 09/29/20 Pending -- -- --
09/14/2020 09/14/20 For Sale $175,000 +37.0% $33 / Sq Ft
10/30/2014 10/30/14 Sold $127,758 +16.1% $25 / Sq Ft
10/03/2014 10/03/14 Pending -- -- --
09/25/2014 09/25/14 For Sale $110,000 -- $21 / Sq Ft
Source: RMLS Alliance

Source: RMLS Alliance

MLS Number: QC4264425

RMLS Alliance

APN: 8027180000