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198 1st Street

Gilbert, IA 50105
  • $350,000
  • STATUS: Pending
  • ON SITE: 39 Days
  • MLS #: 713109
Pending
UPDATED: 59 min ago
$350,000
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,932
    SQFT
  • $89
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1972
County:
Area:

School Ratings & Info

School District:

Description

Investor or House Hack Opportunity! This well-maintained 4-plex, located in the growing town of Gilbert, offers four spacious 2-bedroom, 1.5-bathroom units. Each unit features a private back deck or patio overlooking a wooded area for added privacy. Recent updates include a new roof, gutters, and flooring. The property also features a master lock system and a brick exterior ensuring durability with minimal maintenance. All utilities are separately metered, reducing landlord expenses. With Gilbert's strong rental demand, there's excellent potential to increase rents and maximize cash flow. Walking distance to Gilbert's highly rated school and charming Main Street is great for tenant retention. This prime multi-family property won't last long!

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© 2025 Des Moines Multiple Listing Service. IDX information is provided exclusively 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 MLS or EXIT Realty Capital City. Data last updated: 2025-04-22T08:22:23.903.
www.exitrealtycc.com/homes/161406756
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198 1st Street Gilbert, IA 50105

  • Price: $350,000
  • Status: Pending
  • On Site: 39 Days
  • Updated: 59 min ago
  • MLS #: 713109
0
Beds
0
Baths
0
½ Baths
0.44
Acres
3,932
SQFT
$89
$/SQFT
1972
Built
Neighborhood:
Gilbert
County:
Story
Area:
Gilbert
School District:
Gilbert
Property Description
Investor or House Hack Opportunity! This well-maintained 4-plex, located in the growing town of Gilbert, offers four spacious 2-bedroom, 1.5-bathroom units. Each unit features a private back deck or patio overlooking a wooded area for added privacy. Recent updates include a new roof, gutters, and flooring. The property also features a master lock system and a brick exterior ensuring durability with minimal maintenance. All utilities are separately metered, reducing landlord expenses. With Gilbert's strong rental demand, there's excellent potential to increase rents and maximize cash flow. Walking distance to Gilbert's highly rated school and charming Main Street is great for tenant retention. This prime multi-family property won't last long!
Exterior Features

Architectural Style Two Story Construction Materials Brick Foundation Details Brick / Mortar Levels Two Roof Asphalt Shingle

Interior Features

Appliances Cooktop Dryer Microwave Refrigerator Stove Washer Cooling Central Air Cooling YN Yes Furnished Unfurnished Heating Forced Air Gas Natural Gas Heating YN Yes Laundry Features Main Level

Property Features

Lease Considered YN No Listing Terms Cash Conventional Owner Pays Insurance Taxes Sewer Public Sewer Tax Annual Amount 4491.05 Tenant Pays Electricity Gas Insurance Water Utilities Electricity Available Natural Gas Available Water Available Water Source Public Zoning res

Listing provided courtesy of RE/MAX REC: (515) 232-4663. © 2025 Des Moines Multiple Listing Service.
© 2025 Des Moines Multiple Listing Service. IDX information is provided exclusively 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 MLS or EXIT Realty Capital City. Data last updated: 2025-04-22T08:22:23.903.
 
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