215 Cedar Street Story City, IA $ 185,000
215 Cedar Street
$ 185,000
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215 Cedar Street

Story City, IA, 50248
$ 185,000
Baths0.0 Sq 1,552

Monthly Estimate*

$ 1,168

215 Cedar Street, Story City, IA 50248 - Image 1
215 Cedar Street, Story City, IA 50248 - Image 2
215 Cedar Street, Story City, IA 50248 - Image 3
Studio

Multi-Family Home for sale in Story City, IA

for $185,000. This 1,552 square foot home was built in 1910 on a lot size of 0.26.

Excellent investment opportunity! This 3-level tri-plex offers immediate income with long-term tenants already in place and a proven rental history. The property features three separate units: a 2-bedroom, 1.5-bathroom basement apartment, a 2-bedroom, 1-bathroom main level unit, and a 1-bedroom, 1-bathroom upper-level apartment. Tenants pay all utilities except water, helping keep operating expenses low and maximizing your return. Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this triplex offers reliable cash flow and strong rental potential. Don't miss your chance to own a turnkey investment with established occupancy.

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Multi-Family Active

Price

$ 185,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,138

Style

Triplex

Lot Size

0.26

Year Built

1910

Town/City

Story City

County/Region

Story

MLS | Web ID

70720

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Possession Subject To Tenant Rights
Zoning R (MR R3+)
Year Built 1910
Property Subtype Triplex
Parcel Number 01-12-350-180
County Story
Property Type Multi-Family
HOA false
Garage Y/N false
Status Active
City Story City
High School District Roland-Story
Number Of Units Total 3
MLS Area 0025 - Story City
Lot Size Units Square Feet
Lot Size Square Feet 11380
Tax Annual Amount 2138
MLS Area Minor 0025 - Story City
Standard Status Active
Tax Assessed Value 151500
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Interior
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
Heating-Forced Air true
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Exterior
Water Source Public
Lot Size Area 11380
Building Area Total 1552
Lot Size Acres 0.26
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* Excluded Features
List By
Tyler/Megan Frederiksen

Listing Agent

Norsemen Realty Team - Friedrich Realty

Broker

tyler@norsemenrealty.com

Email

Affordability Calculator

$1,346
Per Month
87%
13%
0%
Monthly Principal & Interest
$1,168
Monthly Property Taxes
$178
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
0 Elementary School
0 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/14/2026$185,000 Listed Price

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215 Cedar Street, Story City, IA, 50248 is a Multi-Family Home for sale at $185,000 with 1,552 sqft and a lot size of 0.26. 215 Cedar Street is a studio with 0.0 baths and was built in 1910. The property's zip code is 50248 which is in Story City, IA