REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 489,000
Est. payment | /mo
5,304 SqFt
$ 489,000
Est. payment | /mo
5,304 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,304 sqft
Price per Sqft $92
MLS Listing ID 12788555
Year Built 1975
Annual Tax Amount $4,762
Tax Year 2025
Lot Size 9,147 Sqft
Property Sub-Type Multi Family 5+
Property Description
Fully occupied 6-plex with a long history of full occupancy and stable, long-term tenants. The unit mix is four 2-bedroom units and two 1-bedroom units. Total yearly rental income is $58,740. Major updates over the past 10 years include the roof, siding, and HVAC, and three units have been fully renovated down to the studs. Four units have renovated private decks, and the off-street lot provides six parking spaces, one per unit. Current rents leave room to grow, so a new owner can raise them over time and increase cash flow. A turnkey, low-maintenance investment with proven rental demand.
Location
State IA
County Scott
Area Eldridge
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Alex Kelly of NAI Ruhl Commercial Company