104 E Main Street Rathbun, IA $ 359,000
104 E Main Street
$ 359,000
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104 E Main Street

Rathbun, IA, 52544
$ 359,000
Baths0.0 Sq 4,800

Monthly Estimate*

$ 2,240

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Studio

Multi-Family Home for sale in Rathbun, IA

for $359,000. This 4,800 square foot home was built in 1946 on a lot size of 0.1.

Don’t miss this opportunity to own a versatile duplex located in the small town of Rathbun, just 3 minutes from the scenic shores of beautiful Lake Rathbun. Whether you're looking for a smart investment or a place to call home, this property offers the best of both worlds. Live in one unit and rent out the other to offset your mortgage or generate steady income! Each side of this duplex sleeps 7 people comfortably with 2 bedrooms and 2 bathrooms, a full kitchen with an open concept living area. The tenants share a very large covered front porch and a smaller back deck to enjoy your morning coffee. With over 2,400 sq ft of finished living space and an additional 2,400 sq ft of dry, unfinished basement, there's room to grow, customize, and maximize potential. This dry basement features a shared laundry area, an additional 3/4 bathroom, newer- separate HVAC systems for each unit, and the potential for an entertainment area. The property sits on a total of 1.742 acres, backing up to partially wooded parcels. Next to the duplex is a large 1,620 SF shed built in 2017 with concrete floor, perfect for your boat storage and more! Contact your favorite agent a private tour! Agent is a relative of the owners.

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Multi-Family Active

Price

$ 359,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,414

Style

Lot Size

0.1

Year Built

1946

Town/City

Rathbun

County/Region

Appanoose

MLS | Web ID

6328155

Features
General
Sewer Septic Tank
Heating Forced Air
Roof Shingle
Garage Spaces 3
Construction Materials Vinyl Siding
Year Built 1946
Electric Circuit Breakers
Stories Count 1
Property Subtype Duplex
Tax Year 2023
Gross Income 9600
Accessibility None
County Appanoose
Net Operating Income 4793.4
Operating Expense 4806.6
Property Type Residential Income
Association Amenities Deck Porch
Contingency None
MaintenanceExpense 500
Status Active
Directions Follow Highway 5 to Hwy J29. Follow J29 to the city of Rathbun. The property is on the corner of Main street and Hwy J29. Mapos Business sign out front.
Association Name SEIA
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 4356
Tax Annual Amount 3414
Electric Expense 1308
Fuel Expense 1500
Trash Expense 276
Water Sewer Expense 362.52
Living Area Units Square Feet
Standard Status Active
Legal Description ORIG TOWN LOT 6 BLK 8
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Interior
Basement Full
Total Fireplaces 0
Fireplace Y/N N
Below Grade Finished Area 2400
Total Baths 0
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Exterior
Parking Features Detached Garage Gravel Common Storage Garage
Water Source Rural/Municipality
Lot Dimensions 1.742 Acres Total
Lot Size Acres 0.1
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* Excluded Features
List By
Kayla Miller

Listing Agent

Bogle Realty Llc

Broker

kaylamiller@boglerealty.com

Email

Affordability Calculator

$2,524
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,240
Monthly Property Taxes
$285
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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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
2872932 Elementary School
2872966 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/11/2025$359,000 -4.27% Price Down
5/30/2025$375,000 Listed Price

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104 E Main Street, Rathbun, IA, 52544 is a Multi-Family Home for sale at $359,000 with 4,800 sqft and a lot size of 0.1. 104 E Main Street is a studio with 0.0 baths and was built in 1946. The property's zip code is 52544 which is in Rathbun, IA