218 S Gunnison Street Burlington, IA ^$ 85,000

218 S Gunnison Street

^$ 85,000

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218 S Gunnison Street

Burlington, IA, 52601

^$ 85,000

Studio Baths0.0 Sq 2,220

Monthly Estimate*

^$ 523

218 S Gunnison Street, Burlington, IA 52601 - Image 1

218 S Gunnison Street, Burlington, IA 52601 - Image 2

218 S Gunnison Street, Burlington, IA 52601 - Image 3

218 S Gunnison Street, Burlington, IA 52601 - Image 4

218 S Gunnison Street, Burlington, IA 52601 - Image 5

218 S Gunnison Street, Burlington, IA 52601 - Image 6

218 S Gunnison Street, Burlington, IA 52601 - Image 7

218 S Gunnison Street, Burlington, IA 52601 - Image 8

218 S Gunnison Street, Burlington, IA 52601 - Image 9

218 S Gunnison Street, Burlington, IA 52601 - Image 10

218 S Gunnison Street, Burlington, IA 52601 - Image 11

218 S Gunnison Street, Burlington, IA 52601 - Image 12

218 S Gunnison Street, Burlington, IA 52601 - Image 13

218 S Gunnison Street, Burlington, IA 52601 - Image 14

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218 S Gunnison Street, Burlington, IA 52601 - Image 16

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218 S Gunnison Street, Burlington, IA 52601 - Image 19

Studio

Multi-Family Home for sale in Burlington, IA

for $85,000. This 2,220 square foot home was built in 1890 on a lot size of 0.12.

Great income-producing duplex ready for its next investor! This property is fully occupied with tenants. The main level features a 1-bedroom, 1-bath unit, while the upper level includes a 2-bedroom, 1-bath unit, providing flexible rental options. Tenants enjoy parking in the back and a convenient location. This is an investment opportunity you don’t want to miss!

Multi-Family Active

Price

^$ 85,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 928

Style

Lot Size

0.12

Year Built

1890

Town/City

Burlington

County/Region

Des Moines

MLS | Web ID

6332152

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Garage Spaces 0

Construction Materials Vinyl Siding

Year Built 1890

Stories Count 2

Property Subtype Duplex

Tax Year 2024

Gross Income 15900

Accessibility None

County Des Moines

Operating Expense 0

Property Type Residential Income

Contingency None

MaintenanceExpense 500

Subdivision Name SMITHS ADD

Status Active

Directions Corner of Gunnison and Division

Association Name SEIA

Number Of Units Total 2

Lot Size Units Acres

Lot Size Square Feet 5227.2

Tax Annual Amount 928

Electric Expense 0

Fuel Expense 0

Trash Expense 840

Water Sewer Expense 1800

Living Area Units Square Feet

Standard Status Active

Legal Description 113 SMITH ADD S1/2

Interior

Basement Stone/Rock

Total Fireplaces 0

Fireplace Y/N N

Total Baths 0

Exterior

Parking Features Paved

Water Source Public

Lot Dimensions 43x117

Lot Size Acres 0.12

* Excluded Features

List By

Brant Wrede

Listing Agent

Midwest Realty

Broker

bwrede2@gmail.com

Affordability Calculator

$601

Per Month

Monthly Principal & Interest: $523
Monthly Property Taxes: $77
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Multi-family listings in Burlington, IA

Average List Price ^$52,464

Percent of Sale Price 38%

About Burlington, IA

25,000 Population

-8% Since 2002

^$40,907 Median Income

40.47 Median Age

29% 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
12/2/2025	$85,000	-10.53%	Price Down
10/7/2025	$95,000	-13.64%	Price Down
9/24/2025	$110,000		Listed Price

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218 S Gunnison Street, Burlington, IA, 52601 is a Multi-Family Home for sale at $85,000 with 2,220 sqft and a lot size of 0.12. 218 S Gunnison Street is a studio with 0.0 baths and was built in 1890. The property's zip code is 52601 which is in Burlington, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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 1/28/2026.

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218 S Gunnison Street

Multi-Family Home for sale in Burlington, IA

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