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515 Main Street, Iowa Falls, IA 50126

Iowa Falls
Local realty services provided by:CENTURY 21 BW Preferred, Inc.
515 Main Street,Iowa Falls, IA 50126
$107,000
  • - Beds
  • - Baths
  • 2,860 sq. ft.
  • Multi-family
  • Active
Listed by: heather schachtner
Office: ferris real estate
MLS#:6331706
Source:IA_HIMLS

Price summary

  • Price:$107,000
  • Price per sq. ft.:$37.41

About this home

This is a great investment opportunity for someone wanting to venture into the rental space or someone who is experienced. This property features three rental units. The first unit is a two story large two bedroom, one bath that features hardwood floors and fireplace. The second unit is a one bedroom, one bathroom that features a large bay window and hardwood floors, recent updates include new stove, new bathroom flooring, toilet and updated bathtub. The third unit is on the second level and is a recently remodeled one bedroom, one bath. The basement area has great potential to be turned back into a fourth unit, currently has plumbing for a kitchen, has a bathroom/shower and could be another two bedroom unit. The basement also features a laundry room for the entire building. The building does have a shared driveway with the neighbors through an easement. The building currently has a property manager that is willing to stay on with the property if the new owner would like. The units in

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Home facts

  • Year built:1914
  • Listing ID #:6331706
  • Added:179 day(s) ago
  • Updated:March 09, 2026 at 02:52 PM

Rooms and interior

  • Basement:Yes
  • Living area:2,860 sq. ft.

Structure and exterior

  • Year built:1914
  • Building area:2,860 sq. ft.
  • Lot area:0.2 Acres

Finances and disclosures

  • Price:$107,000
  • Price per sq. ft.:$37.41
  • Tax amount:$2,522 (2024)

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