215 E Ninth Street Madrid, IA $ 349,900
215 E Ninth Street
$ 349,900
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215 E Ninth Street

Madrid, IA, 50156
$ 349,900
Bedrooms6 Baths4.0 Sq 2,686

Monthly Estimate*

$ 2,154

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Single Family Home for sale in Madrid, IA

for $349,900 with 6 bedrooms and 4 full baths. This 2,686 square foot home was built in 1918.

Rare opportunity to own a unique and versatile 3,400 sqft residential home with four separate living spaces (each with a private entry). Perfect for an owner-occupant looking to offset their mortgage, or a house hacker or investor looking for additional income streams! The property consists of Unit 1 - XL 2bed/1bath unit with a shared enclosed porch. Unit 2. - Upstairs studio / full bath with a shared enclosed porch. Unit 3 - 2bed/1bath with a private enclosed porch and Unit 4 - 1bed/1bath. Units 1 & 2 could be combined to make a large, 2,200 sq ft living space for an owner-occupier while generating rental income from the two remaining units. Three of the units are fully furnished, all which conveys with the sale. All units are currently occupied with short-term leases. The property has extensive updates including new kitchens in each unit, new windows throughout, new hot water tanks, and newer mini-split systems. In addition, a 2,400 sqft unfinished basement with tall ceilings is a huge value add opportunity. With multiple living spaces, additional income streams, and significant upgrades, this property offers exceptional potential for the right buyer!

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Single Family Active

Price

$ 349,900

Bedrooms

6

Full Bath

4

Property Type

Single Family

Taxes

$ 3,092

Style

Year Built

1918

Town/City

Madrid

County/Region

Boone

MLS | Web ID

736117

List By
Amanda Gregory

Listing Agent

Boutique Real Estate

Broker

amandag@gregoryrealtyia.com

Email

Affordability Calculator

$2,412
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,154
Monthly Property Taxes
$258
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
3201834 Elementary School
3201833 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/12/2026$349,900 Listed Price

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215 E Ninth Street, Madrid, IA, 50156 is a Single Family Home for sale at $349,900 with 2,686 sqft. 215 E Ninth Street has 6 bedrooms, 4.0 baths, and was built in 1918. The property's zip code is 50156 which is in Madrid, IA