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For sale
    • $159,000

    313 3rd Ave SE, Independence, IA 50644

    --beds
    --baths
    3,420sqft
    : 
    $1,217/mo
    Get pre-qualified
    Quadruplex
    Built in 1880
    -- sqft lot
    $127,500 Zestimate®
    $46/sqft
    $-- HOA

    What's special

    Four-unit multifamily rental property, currently fully rented with consistent income. Recent updates, well-maintained with strong occupancy, making it an ideal turnkey investment.
    2 days
    |
    159
    |
    1
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Fain 319-290-4352,

    Miehe Commercial Real Estate

    Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20263800MLS Logo

      Facts & features

      Interior

      Heating
      • Steam
      Cooling
      • Central Air, Gas
      Appliances
      • Laundry: None
      Features
      • Basement: Block,Stone/Rock
      Interior area
      • Total structure area: 3,420
      • Total interior livable area: 3,420 sqft
      • Finished area above ground: 1,836
      • Finished area below ground: 1,836

      Property

      Parking
      • Total spaces: 4
      • Parking features: Gravel, None
      • Uncovered spaces: 4
      Features
      • Levels: Two
      Lot
      • Size: 0.46 Acres
      • Dimensions: 100 x 193
      Details
      • Parcel number: 1004284006
      • Zoning: R-3
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex
      Materials
      • Brick
      • Roof: Asphalt
      Condition
      • Year built: 1880

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Other

      Community & HOA

      Location
      • Region: Independence

      Financial & listing details

      • Price per square foot: $46/sqft
      • Tax assessed value: $108,570
      • Annual tax amount: $2,036
      • Date on market: 8/13/2026
      • Cumulative days on market: 2 days
      • Lease term: Month To Month
      • Tenant pays: Electricity, Trash Collection, Gas, Grounds Care, Snow Removal, Water

        Estimated market value

        $127,500

        Estimated sales range

        Not available

        $1,049/mo

        Price history

        DateEventPrice
        8/13/2026Listed for sale$159,000+59%$46/sqft
        Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20263800 Report a problem
        12/20/2024Sold$100,000-19.7%$29/sqft
        Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20243776 Report a problem
        11/18/2024Pending sale$124,500$36/sqft
        Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20243776 Report a problem
        10/18/2024Price change$124,500-9.5%$36/sqft
        Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20243776 Report a problem
        9/27/2024Pending sale$137,500$40/sqft
        Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20243776 Report a problem
        8/26/2024Listed for sale$137,500+129.5%$40/sqft
        Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20243776 Report a problem
        9/25/2015Sold$59,900-27.4%$18/sqft
        Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20155390 Report a problem
        7/14/2012Listing removed$82,500$24/sqft
        Source: Larry G Karsten Real Estate & Insurance #17999 Report a problem
        4/25/2012Listed for sale$82,500$24/sqft
        Source: Larry G Karsten Real Estate & Insurance #17999 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$1,976 +21.2%$101,660
        2023$1,630 -12.5%$101,660 +35.3%
        2022$1,862 -8.9%$75,110
        2021$2,044 -6.8%$75,110
        2020$2,192 -3.8%$75,110
        2019$2,278 -3%$75,110
        2018$2,348 $75,110
        2017$2,348 +2.5%$75,110 +12.1%
        2016$2,290 $66,980
        2015$2,290 -5.8%$66,980
        2014$2,432 $66,980 -6%
        2010-- $71,250
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 50644

        Getting around

        66 / 100
        Somewhat Walkable
        66 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Independence
        • Middle: Independence
        • High: Independence

        Source: Northeast Iowa Regional BOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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