515 Main Street Iowa Falls, IA $ 107,000
515 Main Street
$ 107,000
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515 Main Street

Iowa Falls, IA, 50126
$ 107,000
Baths0.0 Sq 2,860

Monthly Estimate*

$ 668

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Studio

Multi-Family Home for sale in Iowa Falls, IA

for $107,000. This 2,860 square foot home was built in 1914 on a lot size of 0.2.

This is a great investment opportunity for someone wanting to venture into the rental space or someone who is experienced. This property features three rental units. The first unit is a two story large two bedroom, one bath that features hardwood floors and fireplace. The second unit is a one bedroom, one bathroom that features a large bay window and hardwood floors, recent updates include new stove, new bathroom flooring, toilet and updated bathtub. The third unit is on the second level and is a recently remodeled one bedroom, one bath. The basement area has great potential to be turned back into a fourth unit, currently has plumbing for a kitchen, has a bathroom/shower and could be another two bedroom unit. The basement also features a laundry room for the entire building. The building does have a shared driveway with the neighbors through an easement. The building currently has a property manager that is willing to stay on with the property if the new owner would like. The units in this building do not stay empty for long and is a great income opportunity for anyone! Come see your new investment today!

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Multi-Family Active

Price

$ 107,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,522

Style

Lot Size

0.2

Year Built

1914

Town/City

Iowa Falls

County/Region

Hardin

MLS | Web ID

6331706

Features
General
Sewer City Sewer/Connected
Heating Boiler
Garage Spaces 0
Construction Materials Vinyl Siding
Year Built 1914
Stories Count 2
Property Subtype Triplex
Tax Year 2024
Gross Income 1975
Accessibility None
County Hardin
Net Operating Income 998
Operating Expense 11724
Property Type Residential Income
Contingency None
MaintenanceExpense 140
Status Active
Directions Main Street in Iowa Falls
Association Name HRTI
Number Of Units Total 3
Lot Size Units Acres
Lot Size Square Feet 8712
Tax Annual Amount 2522
Electric Expense 50
Fuel Expense 50
Trash Expense 50
Water Sewer Expense 150
Living Area Units Square Feet
Standard Status Active
Legal Description LOT 2 & 7 BLOCK 26 ORIGINAL TOWN IOWA FALLS BLOCK 26 S1/2 LOT 2 & N1/2 LOT 7
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Interior
Basement Full
Total Fireplaces 0
Fireplace Y/N N
Total Baths 0
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Exterior
Water Source Public
Lot Dimensions 66X132
Lot Size Acres 0.2
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* Excluded Features
List By
Heather Schachtner

Listing Agent

Ferris Real Estate

Broker

heather@ferrisrealestate.net

Email

Affordability Calculator

$878
Per Month
76%
24%
0%
Monthly Principal & Interest
$668
Monthly Property Taxes
$210
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
Pricing History
DatePricePrice ChangeDescription
9/11/2025$107,000 Listed Price

Map


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515 Main Street, Iowa Falls, IA, 50126 is a Multi-Family Home for sale at $107,000 with 2,860 sqft and a lot size of 0.2. 515 Main Street is a studio with 0.0 baths and was built in 1914. The property's zip code is 50126 which is in Iowa Falls, IA