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. 2 units in this building have been renovated and the other 2 are still original finishes. 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!
Sold for $327,000 on 05/29/25
$327,000
190 1st St, Gilbert, IA 50105
--beds
0baths
3,932sqft
Quadruplex, Multi Family
Built in 1970
-- sqft lot
$327,300 Zestimate®
$83/sqft
$1,126 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 30, 2025 at 11:21am
Listed by:
Collin Fett,
RE/MAX REAL ESTATE CENTER
Bought with:
Bo Frangenberg, S67353
CENTURY 21 SIGNATURE-Ames
Source: CIBR,MLS#: 66868

Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Natural Gas
Cooling
- Central Air
Features
- Basement: None
Interior area
- Total structure area: 3,932
- Total interior livable area: 3,932 sqft
Property
Features
- Levels: Two
Lot
- Size: 0.44 Acres
- Dimensions: 150 x 125
Details
- Parcel number: 0504475220
- Zoning: res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Brick
- Foundation: Brick/Mortar
Condition
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Gilbert
Services availability

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