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415 E Main Street Montezuma, IA $ 199,000
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$ 199,000 Get more info
415 E Main Street
$ 199,000
Back to search
Share Save

415 E Main Street

Montezuma, IA, 50171
$ 199,000
Baths0.0 Sq 2,798

Monthly Estimate*

$ 1,242

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Studio

Multi-Family Home for sale in Montezuma, IA

for $199,000. This 2,798 square foot home was built in 1900 on a lot size of 0.2.

Looking for an investment property that cash flows almost immediately? Look no further. Located just a block from the Montezuma square this triplex is fully occupied. Monthly rent is currently $2,250 (Main level - 1 BR $650, 1 BR $700, Upper level - 3 BR $900). Tenants pay for their own utilities. The owner pays for mowing and snow removal. Parts of all three units have been updated within last 12 months with most notably new windows and renovated room in upper unit offering more living space. Each unit has a full bath, kitchen with owner-owned appliances, its own electric meter, HVAC system and laundry hookups. The building is well maintained with vinyl siding, metal roof, most of the windows have been replaced, circuit breaker panels, and HVAC systems. Profit/Loss provided upon request. Photos used to show layout - they do not reflect recent updates.

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Multi-Family Active

Price

$ 199,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,724

Style

Lot Size

0.2

Year Built

1900

Town/City

Montezuma

County/Region

Poweshiek

MLS | Web ID

6328154
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Roof Metal
Zoning Business/Commercial
Garage Spaces 1
Construction Materials Frame Vinyl Siding
Year Built 1900
Electric Circuit Breakers
Property Subtype Triplex
Tax Year 2023
Gross Income 0
Accessibility None
County Poweshiek
Operating Expense 0
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Status Active
Directions I80 to Hwy 63 south into Montezuma left on E Main St 4 blocks to property on left
Association Name MIR
Number Of Units Total 3
Lot Size Units Acres
Lot Size Square Feet 8712
Tax Annual Amount 1724
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Living Area Units Square Feet
Standard Status Active
Legal Description MONTEZUMA LOT 8 BLOCK 9
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Interior
Basement Full
Total Fireplaces 0
Fireplace Y/N N
Total Baths 0
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Exterior
Parking Features Attached
Lot Features Corner Lot
Water Source Public
Lot Dimensions 66X132
Lot Size Acres 0.2
Foundation Area 1048
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* Excluded Features
List By
Andy Erselius

Listing Agent

Ae Realty, Inc

Broker

641-623-2639

Contact

Affordability Calculator

$1,385
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,242
Monthly Property Taxes
$144
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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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Nearby
2872932 Elementary School
2872966 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/14/2025$199,000 -2.93% Price Down
5/30/2025$205,000 Listed Price

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415 E Main Street, Montezuma, IA, 50171 is a Multi-Family Home for sale at $199,000 with 2,798 sqft and a lot size of 0.2. 415 E Main Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 50171 which is in Montezuma, IA

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