1465 Allen Avenue Garner, IA $ 199,500
1465 Allen Avenue
$ 199,500
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1465 Allen Avenue

Garner, IA, 50438
$ 199,500
Baths0.0 Sq 1,440

Monthly Estimate*

$ 1,228

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Studio

Multi-Family Home for sale in Garner, IA

for $199,500. This 1,440 square foot home was built in 1972 on a lot size of 0.26.

Well-maintained single-story duplex offering an excellent income-producing opportunity in a highly walkable location near schools and downtown. This side-by-side frame building features two separate 2-bedroom, 1-bath units, each with its own living room and kitchen/dining area. The property includes a shared interior stairway to the basement, with separate, private basement areas for each unit, divided by locking doors—ideal for storage, mechanicals, and tenant privacy. Major updates provide peace of mind, including a new roof (2008), new windows and siding (2018), and new heating systems (2021). There is no central air, but the property has been well cared for and efficiently maintained. Off-street parking is available on the lot, and the walkable location adds strong rental appeal. Both units are currently occupied by tenants who would like to remain, making this a turn-key investment with immediate cash flow. Financials available to qualified buyers. Whether you’re expanding your rental portfolio or looking for a low-maintenance income property, this duplex is a smart addition.

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Multi-Family Active

Price

$ 199,500

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,364

Style

Lot Size

0.26

Year Built

1972

Town/City

Garner

County/Region

Hancock

MLS | Web ID

6335289

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Roof Shingle
Garage Spaces 0
Construction Materials Vinyl Siding
Year Built 1972
Electric Circuit Breakers
Stories Count 1
Property Subtype Duplex
Tax Year 2024
Gross Income 19304.68
Accessibility None
County Hancock
Net Operating Income 7845.83
Operating Expense 11458.8
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Subdivision Name FORD ADDITION
Status Active - Contingent
Directions Corner of 14th and Allen
Association Name NCIR
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 11325.6
Tax Annual Amount 2364
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Living Area Units Square Feet
Standard Status Active
Legal Description FORD ADD LOT 42
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Interior
Basement Sump Pump Unfinished Shared Access
Total Fireplaces 0
Fireplace Y/N N
Total Baths 0
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Exterior
Water Source Public
Lot Dimensions 132x82 Cornerlot
Lot Size Acres 0.26
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Jill Kramer

Listing Agent

Lakeside Brokers

Broker

jillykramer@gmail.com

Email

Affordability Calculator

$1,425
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,228
Monthly Property Taxes
$197
Monthly 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
2872932 Elementary School
2872966 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/3/2026$199,500 Listed Price

Map


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1465 Allen Avenue, Garner, IA, 50438 is a Multi-Family Home for sale at $199,500 with 1,440 sqft and a lot size of 0.26. 1465 Allen Avenue is a studio with 0.0 baths and was built in 1972. The property's zip code is 50438 which is in Garner, IA