713 Avenue E Fort Madison, IA ^$ 245,000

713 Avenue E

^$ 245,000

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Recently Listed

713 Avenue E

Fort Madison, IA, 52627

^$ 245,000

Studio Baths0.0 Sq 3,943

Monthly Estimate*

^$ 1,547

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Studio

Multi-Family Home for sale in Fort Madison, IA

for $245,000. This 3,943 square foot home was built in 1880 on a lot size of 0.17.

Great Income Property! A remarkably well-maintained four-unit property with a strong combination of location, condition and income potential. The building includes one 2-bedroom unit and three 1-bedroom units. The brick exterior offers historic charm, with detailed trim and updated windows, while paved off-street parking and numerous updates add to the appeal. Conveniently located near historic downtown, this property offers a well-established setup and is ready for its next owner.

Multi-Family Active

Price

^$ 245,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,662

Style

Lot Size

0.17

Year Built

1880

Town/City

Fort Madison

County/Region

Lee

MLS | Web ID

6341645

Features

General

Sewer City Sewer/Connected

Heating Hot Water

Roof Shingle

Garage Spaces 0

Construction Materials Brick

Year Built 1880

Tenant Pays Electricity

Stories Count 2

Property Subtype Apartment

Tax Year 2024

Gross Income 38400

Accessibility None

County Lee

Operating Expense 9431

Property Type Residential Income

Association Amenities Laundry

Contingency None

MaintenanceExpense 0

Status Active

Directions North Side of Ave E between 7th and 8th streets.

Number Of Units Total 4

Lot Size Units Acres

Lot Size Square Feet 7405.2

Tax Annual Amount 1662

Electric Expense 205

Fuel Expense 1820

Trash Expense 0

Water Sewer Expense 3693

Living Area Units Square Feet

Standard Status Active

Legal Description #668 713 AVE E LOT 707 or per abstract

Interior

Basement Partial Shared Access

Total Fireplaces 0

Fireplace Y/N N

Total Baths 0

Exterior

Parking Features Concrete

Water Source Public

Lot Dimensions 50X145

Lot Size Acres 0.17

* Excluded Features

List By

Barbara Asay

Listing Agent

Midwest Realty Group

Broker

barb@midwestrealtygroupinc.com

Affordability Calculator

$1,685

Per Month

Monthly Principal & Interest: $1,547
Monthly Property Taxes: $139
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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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THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in Fort Madison, IA

Average List Price ^$208,500

Percent of Sale Price 15%

About Fort Madison, IA

10,651 Population

-9% Since 2002

^$44,048 Median Income

41.04 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2872932 Elementary School

2872966 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/15/2026	$245,000		Listed Price

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713 Avenue E, Fort Madison, IA, 52627 is a Multi-Family Home for sale at $245,000 with 3,943 sqft and a lot size of 0.17. 713 Avenue E is a studio with 0.0 baths and was built in 1880. The property's zip code is 52627 which is in Fort Madison, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the Iowa Association of REALTORS service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is deemed reliable but is not guaranteed accurate by the the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. Data is updated as of 8/16/2026.

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713 Avenue E

Multi-Family Home for sale in Fort Madison, IA

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