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506 Main Street Slater, IA $ 300,000
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$ 300,000 Get more info
506 Main Street
$ 300,000
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506 Main Street

Slater, IA, 50244
$ 300,000
Baths0.0 Sq 1,575

Monthly Estimate*

$ 1,894

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Studio

Multi-Family Home for sale in Slater, IA

for $300,000. This 1,575 square foot home was built in 1964 on a lot size of 0.26.

Start your real estate empire or continue building it with this fantastic brick 4-plex in greater Slater! Each unit is 2 bedrooms & 1 bathroom and has an excellent occupancy history. Coin-op laundry in the basement brings additional income. Many updates have been made over the years including engineered hardwood, carpet & tile floors, kitchen counters & appliances, & the roofs replaced on both the apartment building & garage in 2021. Call today to schedule your showing!

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Multi-Family Active

Price

$ 300,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,498

Style

Quadruplex

Lot Size

0.26

Year Built

1964

Town/City

Slater

County/Region

Story

MLS | Web ID

70763
Features
General
Sewer Public Sewer
Heating Hot Water Natural Gas
Cooling Wall Unit(s)
Possession Subject To Tenant Rights Rental Agreement
Zoning R
Garage Spaces 3
Construction Materials Brick
Year Built 1964
Levels Multi-Level
Property Subtype Quadruplex
Parcel Number 13-30-424-210
Gross Income 37890
County Story
Net Operating Income 24266
Operating Expense 13624
Property Type Multi-Family
HOA false
Garage Y/N true
Status Active
City Slater
High School District Ballard
Number Of Units Total 4
MLS Area 0023 - Slater
Lot Size Units Square Feet
Lot Size Square Feet 11360
Tax Annual Amount 4498
MLS Area Minor 0023 - Slater
Standard Status Active
Tax Assessed Value 266400
Legal Description SLATER JUNCTION E1/2 LOT 2 & ALL LOT 3 & W5' LOT 4 BLK 10
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Interior
Basement Walk-Out Access
Flooring Vinyl Tile Hardwood Carpet
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
Heating-Hot Water true
Heating-Natural Gas true
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Exterior
Water Source Public
Lot Size Area 11360
Foundation Details Block
Building Area Total 1575
Lot Size Acres 0.26
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* Excluded Features
List By
Jason Miller

Listing Agent

Ames - Weichert, Realtors® - Miller & Clark Agency

Broker

Affordability Calculator

$2,269
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,894
Monthly Property Taxes
$375
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
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Pricing History
DatePricePrice ChangeDescription
7/17/2026$300,000 Listed Price

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506 Main Street, Slater, IA, 50244 is a Multi-Family Home for sale at $300,000 with 1,575 sqft and a lot size of 0.26. 506 Main Street is a studio with 0.0 baths and was built in 1964. The property's zip code is 50244 which is in Slater, IA

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