2121 Greene Street Adel, IA $ 2,200,000
2121 Greene Street
$ 2,200,000
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2121 Greene Street

Adel, IA, 50003
$ 2,200,000
Bedrooms33 Baths24.0

Monthly Estimate*

$ 13,725

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Multi-Family Home for sale in Adel, IA

for $2,200,000 with 33 bedrooms and 24 full baths. This home was built in 1984.

Investment Opportunity in Adel, IA. This 24-unit multifamily property offers a balanced mix of 12 two-bedroom units, 9 one-bedroom units, and 3 studio apartments. Each residence features a full bathroom along with essential appliances including stove, refrigerator, microwave, and dishwasher (dishwasher not included in studios). Approximately 50% of the units have been fully renovated with modern upgrades—new flooring, fresh paint, updated trim, enhanced lighting, stylish kitchen cabinetry, and updated appliances. On-site coined laundry adds convenience for residents. With its prime location and strong rental mix, this property presents an excellent opportunity for investors seeking both immediate income and long-term growth potential.

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Multi-Family Active

Price

$ 2,200,000

Bedrooms

33

Full Bath

24

Property Type

Multi-Family

Taxes

$ 26,550

Style

Year Built

1984

Town/City

Adel

County/Region

Dallas

MLS | Web ID

726452

List By
Timothy Schutte

Listing Agent

Exit Realty & Associates

Broker

Timothy@SoldDesMoines.com

Email

Affordability Calculator

$15,938
Per Month
86%
14%
0%
Monthly Principal & Interest
$13,725
Monthly Property Taxes
$2,213
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
4522654 Elementary School
4522656 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/17/2025$2,200,000 Listed Price

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2121 Greene Street, Adel, IA, 50003 is a Multi-Family Home for sale at $2,200,000. 2121 Greene Street has 33 bedrooms, 24.0 baths, and was built in 1984. The property's zip code is 50003 which is in Adel, IA