1204 5th Street
Nevada, IA, 50201 $ 395,000
Bedrooms4 Baths2.1 Sq 6,940 Monthly Estimate*
$ 2,494
for $395,000 with 4 bedrooms and 2 full baths, 1 half bath. This 6,940 square foot home was built in 1900 on a lot size of 0.39.
Opportunity awaits at 1204 5th Street in Nevada, a unique and versatile property offering an incredible amount of space and possibilities in a highly visible location along Lincoln Highway. With nearly 6,800 square feet of finished space amongst all levels, multiple residential units, extensive garage space, and ample concrete parking, this property presents an exciting opportunity for an investor, business owner, or someone looking for a truly one-of-a-kind property. The expansive main level features a beautiful open wood staircase, accessible restroom, and flexible space that could accommodate a variety of office, retail, or other uses. Upstairs, the second level features two 2-bedroom apartments, providing an opportunity for rental income while utilizing the main level for another purpose. Both apartments have benefited from significant updates. The second floor also includes a shared laundry area and one unit has access to a rooftop deck. The property also includes a large finished basement with approximately 1,100 finished square feet, providing even more usable space for storage, operations, recreation, or other needs. Garage and parking space are another major highlight. The property features an approximately 1,000-square-foot attached garage with three overhead doors, along with an additional 525-square-foot detached garage. Combined with plenty of concrete parking, there is plenty of room for vehicles, equipment, tenants, etc.
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FeaturesGeneralSewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Shingle
Zoning Residential-Single Family
Garage Spaces 6
Construction Materials Brick Vinyl Siding
Year Built 1900
Levels Two
Property Subtype Single Family Residence
Tax Year 2024
County Story
Property Type Residential
Contingency None
Subdivision Name STEWARTS ADD
Full Baths 2
Status Active
Directions .
Lot Size Units Acres
Lot Size Square Feet 16988
Tax Annual Amount 4140
Living Area Units Square Feet
Standard Status Active
Legal Description STEWARTS ADD LOTS 8 & 9 BLK E
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InteriorBasement Partially Finished
Flooring Carpet Hardwood Vinyl
Total Fireplaces 0
Half Baths 1
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 4
Below Grade Finished Area 1143
Total Baths 3
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ExteriorParking Features Attached Detached Garage
Water Source Public
Lot Dimensions 120X140
Lot Size Acres 0.39
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $2,494
- Monthly Property Taxes
- $345
- 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.
Learn more about how to save NearbySingle family listings in Nevada, IA
Average List Price $326,387
Percent of Sale Price 17%
About Nevada, IA 7,048 Population
7% Since 2002
$ 60,338 Median Income
39.3 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
2872932 Elementary School
2872966 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/26/2026 | $395,000 | | Listed Price |