102 S Main Street Leon, IA $ 250,000
102 S Main Street
$ 250,000
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102 S Main Street

Leon, IA, 50144
$ 250,000
Bedrooms28 Baths0.0 Sq 15,651

Monthly Estimate*

$ 1,727

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Multi-Family Home for sale in Leon, IA

for $250,000 with 28 bedrooms. This 15,651 square foot home was built in 1920 on a lot size of 0.405.

SHORT SALE – ALL OFFERS WILL BE CONSIDERED! Opportunity awaits at 102 S Main Street in downtown Leon! This three-story, 24-unit apartment building offers significant redevelopment and value-add potential for an investor ready to take on a substantial renovation project. Featuring a mix of studio, one-, two-, and three-bedroom apartments, four garages, and shared laundry facilities, the property offers an opportunity to restore and reposition an established downtown building. The property has experienced declining occupancy and significant deferred maintenance, including roof concerns and water damage. Substantial repairs and improvements are needed, and buyers should evaluate the property accordingly. Sold AS IS. All offers subject to seller acceptance and final lender approval. Showings by appointment only. Please do not disturb tenants.

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Multi-Family Active

Price

$ 250,000

Bedrooms

28

Property Type

Multi-Family

Taxes

$ 5,902

Style

Lot Size

0.405

Year Built

1920

Town/City

Leon

County/Region

Decatur

MLS | Web ID

734599

List By
Sandy Delzell

Listing Agent

Iowa Realty Indianola

Broker

sandy@iowarealty.com

Email

Affordability Calculator

$2,219
Per Month
78%
22%
0%
Monthly Principal & Interest
$1,727
Monthly Property Taxes
$492
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
3296747 Elementary School
3296748 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/14/2026$250,000 -40.48% Price Down
9/18/2026$420,000 -2.33% Price Down
9/11/2026$430,000 -2.27% Price Down
9/3/2026$440,000 -2.22% Price Down
8/10/2026$450,000 -9.09% Price Down
7/24/2026$495,000 -0.80% Price Down
6/26/2026$499,000 -2.92% Price Down
6/8/2026$514,000 -2.84% Price Down
4/3/2026$529,000 -3.82% Price Down
3/6/2026$550,000 -4.35% Price Down
2/17/2026$575,000 Listed Price

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102 S Main Street, Leon, IA, 50144 is a Multi-Family Home for sale at $250,000 with 15,651 sqft and a lot size of 0.405. 102 S Main Street has 28 bedrooms, 0.0 baths, and was built in 1920. The property's zip code is 50144 which is in Leon, IA