18 S 5Th Street Albia, IA $ 250,000
18 S 5Th Street
$ 250,000
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18 S 5Th Street

Albia, IA, 52531
$ 250,000
Baths0.0 Sq 5,208

Monthly Estimate*

$ 1,539

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Studio

Multi-Family Home for sale in Albia, IA

for $250,000. This 5,208 square foot home was built in 1974.

Don't miss this excellent investment opportunity with this fully occupied 4-plex offering immediate rental income and long-term potential. The property features a desirable unit mix of two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units, appealing to a wide range of tenants. Each unit is equipped with its own washer and dryer, adding convenience and increasing tenant satisfaction. With a strong rental history and consistent occupancy, this is an ideal property for both first-time investors and seasoned landlords looking to expand their portfolio. Tenants enjoy ample off-street parking and a spacious shared courtyard complete with a basketball hoop and picnic table, creating a welcoming outdoor space for recreation and relaxation. Whether you're looking to grow your investment holdings or secure a reliable income-producing property, this well-maintained 4-plex is a rare opportunity to own a proven income-producing asset.

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Multi-Family Active

Price

$ 250,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,246

Style

Year Built

1974

Town/City

Albia

County/Region

Monroe

MLS | Web ID

6339077

Features
General
Sewer City Sewer/Connected
Heating Baseboard
Garage Spaces 0
Construction Materials Brick Stucco
Year Built 1974
Stories Count 2
Property Subtype Quadruplex
Tax Year 2024
Gross Income 34130
Accessibility None
County Monroe
Operating Expense 12284
Property Type Residential Income
Contingency None
MaintenanceExpense 1000
Status Active
Directions Head E on Benton Ave turn R onto 5th St--apartments are on the L.
Number Of Units Total 4
Lot Size Units Acres
Tax Annual Amount 2246
Electric Expense 0
Fuel Expense 0
Trash Expense 1200
Water Sewer Expense 1400
Living Area Units Square Feet
Standard Status Active
Legal Description MOCKS 1ST ADD LOT 5 & W 10' LOT 6 BLOCK 4
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Interior
Basement Finished
Total Fireplaces 0
Fireplace Y/N N
Total Baths 0
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Exterior
Water Source Public
Lot Dimensions 132 x 66
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* Excluded Features
List By
Kayla McConnell

Listing Agent

Re/Max Pride Ottumwa

Broker

641-683-3777

Contact

Affordability Calculator

$1,726
Per Month
89%
11%
0%
Monthly Principal & Interest
$1,539
Monthly Property Taxes
$187
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
6/5/2026$250,000 Listed Price

Map


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18 S 5Th Street, Albia, IA, 52531 is a Multi-Family Home for sale at $250,000 with 5,208 sqft. 18 S 5Th Street is a studio with 0.0 baths and was built in 1974. The property's zip code is 52531 which is in Albia, IA