302-306 1/2 1st St. S.e., Oelwein, 50662

Multi-Unit - Five or More Units For Sale


MLS® #: 20180546

This brick multi-family unit will make a great addition to any investor’s portfolio. Good cash flow with 5 units bringing in $2,200/month. All apartments are currently occupied with leases. The main floor offers three-1 bedroom apartments with each having a kitchen, living room, full bath, basement storage and washer/dryer hookups. There are two-2 bedroom apartments on the second floor with each featuring a spacious kitchen, living room, 1.5 baths, central air and washer/dryer hookups. All apartments are metered separately and tenants pay their own utilities. Landlord pays garbage only. Sitting prominently on a corner lot with off-street parking and a one-stall attached garage.

Essential Information

MLS® #: 20180546
Price: $165,000
Bedrooms: 7
Bathrooms: 6.00
Square Footage: 5,276
Acres: 0.22
Year Built: 1909
Type: Multi-Unit
Sub-Type: Five or More Units
Status: Active

Community Information

Address: 302-306 1/2 1st St. S.e.
Area: Fayette
City: Oelwein
State: IA
Zip Code: 50662


Parking Spaces: 6
Parking: Over 1 Space, Paved
# of Garages: 1
Garages: Attached


Heating: Forced Air, Gas
Cooling: Central Air
Stories: 2 Stories, Apartments (5+ Units)


Exterior: Brick
Exterior Features: Porch-Covered
Lot Description: Corner Lot
Roof: Asphalt, Membrane

School Information

Elementary: Oelwein
Middle: Oelwein
High: Oelwein

Additional Information

Zoning: R-3

Listing Details

Listing Agent: Curt Martin
Listing Office: RE/MAX Independence Realty


$/SqFt: $31

Properties for Sale Similar to 302-306 1/2 1st St. S.e., Oelwein, IA

6-plex That Is Always Easy To Rent, Very Nicely...

Photo of Listing #20194240

$178,000 Active

  • 2,644 ft²


985 S. Frederick Ave., Oelwein, IA

MLS® #20194240

Currently scheduled Open house dates for 985 S. Frederick Ave. OelweinIA
  • No Open houses for this listing.

6-plex That Is Always Easy To Rent, Very Nicely Updated, And 'cash Flows' Well. Serious Investor Buyers Will Like The Convenience Of 1 Location.

Lori Beierschmitt Advanced Realtors LLC

IDX Data comes from Northeast Iowa Regional Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

Listing information last updated on October 14th, 2019 at 6:22am CDT.