305 Avenue E Fort Madison, IA ^$ 80,000

305 Avenue E

^$ 80,000

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305 Avenue E

Fort Madison, IA, 52627

^$ 80,000

Studio Baths2.1 Sq 2,256

Monthly Estimate*

^$ 499

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Studio

Multi-Family Home for sale in Fort Madison, IA

for $80,000 with 2 full baths, 1 half bath. This 2,256 square foot home was built in 1877 on a lot size of 0.17.

Rental Duplex close to Old Settlers park and the downtown area. It is ready for its new owner. Both are occupied 2 bedroom with 1 full bath on the 2nd floor. They both have a separate spacious living and dining rooms. There are shared access to the basement where they have separate laundry facilities and utilities. Tenants pay all their own utilities. Come take a look at this investment property.

Multi-Family Active

Price

^$ 80,000

Bedrooms

Studio

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 834

Style

Lot Size

0.17

Year Built

1877

Town/City

Fort Madison

County/Region

Lee

MLS | Web ID

6330993

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Garage Spaces 0

Construction Materials Metal Siding

Year Built 1877

Property Subtype Duplex

Tax Year 2023

Gross Income 1100

Accessibility None

County Lee

Operating Expense 0

Property Type Residential Income

Contingency None

MaintenanceExpense 0

Full Baths 2

Status Active

Directions Head west on Ave E go to 3rd St. and its on your right north side of the street.

Association Name SEIA

Number Of Units Total 2

Lot Size Units Acres

Lot Size Square Feet 7405.2

Tax Annual Amount 834

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Living Area Units Square Feet

Standard Status Active

Legal Description #705 305-307 AVE E LOT 744

Interior

Basement Full

Total Fireplaces 0

Fireplace Y/N N

Half Baths 1

Total Baths 3

Exterior

Water Source Public

Lot Dimensions 50X145

Lot Size Acres 0.17

* Excluded Features

List By

Dan Roach

Listing Agent

Fraise Auction & Real Estate

Broker

319-371-6031

Contact

Affordability Calculator

$569

Per Month

Monthly Principal & Interest: $499
Monthly Property Taxes: $70
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Fort Madison, IA

Average List Price ^$132,271

Percent of Sale Price 65%

About Fort Madison, IA

10,651 Population

-9% Since 2002

^$44,048 Median Income

41.04 Median Age

24% 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
8/20/2025	$80,000		Listed Price

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305 Avenue E, Fort Madison, IA, 52627 is a Multi-Family Home for sale at $80,000 with 2,256 sqft and a lot size of 0.17. 305 Avenue E is a studio with 2.1 baths and was built in 1877. The property's zip code is 52627 which is in Fort Madison, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

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 12/8/2025.

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305 Avenue E

Multi-Family Home for sale in Fort Madison, IA

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