201 SE locust Leon, IA ^$ 164,999

201 SE locust

^$ 164,999

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201 SE locust

Leon, IA, 50144

^$ 164,999

Bedrooms-- Baths0.0 Sq 1,900

Monthly Estimate*

^$ 1,140

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Multi-Family Home for sale in Leon, IA

for $164,999. This 1,900 square foot home was built in 1960 on a lot size of 0.5.

Broker is owner and Broker of this legal 3 family. No visits without contacting Broker for prequalification letter and proof of funds. Perfect for first time home buyer. Do not talk to any tenants about potential sale! With one half down Owner may offer owner financing at 5 percent rate five year balloon if approved. All units are renovated and we have upstairs 2 br rented at 875 and the 2 one bedroom lower are 775 each. All renovations done effective 9/20/2026

Multi-Family Active

Price

^$ 164,999

Property Type

Multi-Family

Taxes

^$ 1,220

Style

Lot Size

0.5

Year Built

1960

Town/City

Leon

County/Region

Decatur

MLS | Web ID

6311552

Features

General

Sewer City Sewer/Connected

Heating Forced Air Hot Water

Garage Spaces 0

Construction Materials Fiber Cement

Year Built 1960

Stories Count 2

Property Subtype Apartment

Tax Year 2022

Gross Income 22500

Accessibility None

County Decatur

Net Operating Income 10500

Operating Expense 12000

Property Type Residential Income

Contingency None

MaintenanceExpense 1000

Status Active

Directions use gps close to center. New roof and gutters about 25k going om Legal 3 family of Leon rown water and sewer. All 3 units will be upgraded prior to closing

Number Of Units Total 3

Lot Size Units Acres

Lot Size Square Feet 21780

Tax Annual Amount 1220

Electric Expense 1200

Fuel Expense 1200

Trash Expense 600

Water Sewer Expense 600

Living Area Units Square Feet

Standard Status Active

Legal Description LEFFLERS 1ST ADDN LO TS 3 & 4 BLK 11

Interior

Basement Walk-Out Access

Total Fireplaces 0

Fireplace Y/N N

Total Baths 0

Exterior

Water Source Public

Lot Dimensions The half acre is a good estimate

Lot Size Acres 0.5

* Excluded Features

List By

Michael Powers

Listing Agent

Power House Exclusive Real Estate Inc.

Broker

engineersat@aol.com

Affordability Calculator

$1,241

Per Month

Monthly Principal & Interest: $1,140
Monthly Property Taxes: $102
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in Leon, IA

Average List Price ^$207,500

Percent of Sale Price 26%

About Leon, IA

1,901 Population

-3% Since 2002

^$37,656 Median Income

40.07 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2872932 Elementary School

2872966 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/10/2026	$139,999	-6.67%	Price Down
1/27/2026	$149,999	-16.67%	Price Down
11/10/2023	$179,999	-9.55%	Price Down
9/20/2023	$199,000		Listed Price

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201 SE locust, Leon, IA, 50144 is a Multi-Family Home for sale at $164,999 with 1,900 sqft and a lot size of 0.5. 201 SE locust has 0.0 baths and was built in 1960. The property's zip code is 50144 which is in Leon, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the Iowa Association of REALTORS service.

The information being provided is 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.

Data is deemed reliable but is not guaranteed accurate by the the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. Data is updated as of 10/17/2026.

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201 SE locust

Multi-Family Home for sale in Leon, IA

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