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606 Hooper Street, Melbourne, IA 50162

Local realty services provided by:CENTURY 21 BW Preferred, Inc.
606 Hooper Street,Melbourne, IA 50162
$239,900
  • - Beds
  • - Baths
  • 2,912 sq. ft.
  • Multi-family
  • Pending
Listed by: kristin polley
Office: century 21 signature real estate
MLS#:6334065
Source:IA_HIMLS

Price summary

  • Price:$239,900
  • Price per sq. ft.:$82.38

About this home

Investor alert! 606 Hopper Street is a completely occupied and priced-to-sell 4-plex in Melbourne, generating over $32,000 in annual income with a strong 9% CAP rate. Each of the four units features 2 bedrooms and 1 bathroom, offering steady demand and reliable rental performance. The property boasts newer siding and a newer roof, minimizing future maintenance costs and adding long-term value. Tenants enjoy the convenience of a coin-operated laundry, and each unit comes fully equipped with a refrigerator and range, ensuring immediate rental readiness. With solid cash flow, consistent occupancy, and key updates already completed, this multifamily property is a standout opportunity. Sold AS-IS, presenting exceptional value for investors looking to expand their portfolio or secure dependable passive income.

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Home facts

  • Year built:1976
  • Listing ID #:6334065
  • Added:59 day(s) ago
  • Updated:January 30, 2026 at 06:33 PM

Rooms and interior

  • Living area:2,912 sq. ft.

Structure and exterior

  • Year built:1976
  • Building area:2,912 sq. ft.
  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$239,900
  • Price per sq. ft.:$82.38
  • Tax amount:$1,406 (2024)

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