Welcome to 1115 M Ave a great investment opportunity to secure a well maintained duplex in a friendly, established neighborhood in Nevada. This charming rental offers a spacious 2 bedroom and 1 bath on each side, complete with an open living area and kitchen.
The structure suffered damage after a fire at the adjacent garage and will need repairs for occupancy but is allowed to be repaired/rebuilt. This is a great opportunity to rebuild and create equity and solid cash flow.
Sold for $50,000 on 03/21/25
$50,000
1115 M Ave, Nevada, IA 50201
--beds
0baths
1,196sqft
Duplex, Multi Family
Built in 1948
-- sqft lot
$51,200 Zestimate®
$42/sqft
$824 Estimated rent
Home value
$51,200
$45,000 - $58,000
$824/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 25, 2025 at 01:26pm
Listed by:
Betts Team,
RE/MAX REAL ESTATE CENTER
Bought with:
Betts Team, B67497
RE/MAX REAL ESTATE CENTER
Source: CIBR,MLS#: 66629
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Features
- Basement: Partial
Interior area
- Total structure area: 1,196
- Total interior livable area: 1,196 sqft
Property
Lot
- Size: 5,227 sqft
- Dimensions: 90.00 x 60.00
Details
- Parcel number: 1106495290
- Zoning: Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Other
- Foundation: Tile
Condition
- Year built: 1948
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Nevada
Price history
| Date | Event | Price |
|---|---|---|
| 3/21/2025 | Sold | $50,000-9.1%$42/sqft |
Source:  CIBR #66629 | ||
| 3/3/2025 | Pending sale | $55,000$46/sqft |
Source:  DMMLS #712388 | ||
| 2/26/2025 | Listed for sale | $55,000-3.5%$46/sqft |
Source: CIBR #66629 | ||
| 9/14/2023 | Listing removed | -- |
Source: Zillow Rentals | ||
| 6/28/2023 | Listed for rent | $850$1/sqft |
Source: Zillow Rentals | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,104 -0.3% | $130,000 |
| 2023 | $2,110 +1% | $130,000 +21.3% |
| 2022 | $2,090 +2.8% | $107,200 |
Find assessor info on the county website
Neighborhood: 50201
Nearby schools
GreatSchools rating
- 8/10Central Elementary SchoolGrades: PK-4Distance: 0.3 mi
- 7/10Nevada Middle SchoolGrades: 5-8Distance: 0.3 mi
- 5/10Nevada High SchoolGrades: 9-12Distance: 0.4 mi