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718 Avenue E., Fort Madison, IA 52627

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For Sale

$267,000

4 beds • 4 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

Explore this Property

Looking for a great business opportunity? Located in the Park-To-Park Historic District within walking distance to the Mississippi River, this fully furnished 4 plex is ready to go for vacation rentals on AirB&B and VRBO, or mid-term rentals for traveling professionals on FurnishedFinder.com. Check out "The Luckenbach", "The Lily Pad", "The Ritz", & "The Woolaroc". Each unit currently rents for $1,100 per month for mid-term rentals, or $80 per night on VRBO. The Owner pays all utilities. Detached 5 car garage has separate space for each unit with electric garage openers. New in Dec. 2022 single ply PVC membrane roof & additional insulation to the roof, two new garage doors and openers, refinished hardwood floors, some newer plumbing & electrical. 3 units have its own dryer. 2 washing machines in basement. One unit has a stack washer/dryer. All units are 1 bedroom with lovely sunroom, dining room, & full kitchen with standard size appliances, including microwaves. Hot water heat. 2 window A/C's in each unit. Owner has taken great care in this 4 plex but says time for another caretaker. Property does have separate electric meters for each unit & for the house (basement, foyer, back of building)
MLS# 6327190

Listed By CENTURY 21 Property Professionals

Property Features

  • Lot Size
    0.21 Acres
  • Style
    2 Story

Map and Directions

Directions to 718 Avenue E., Fort Madison, IA 52627

Home seller Meet the Agent,
Gwen Wixom

Get to know the neighborhood. A local affiliated CENTURY 21 agent will help you set up tours, give advice, and negotiate with sellers.

Gwen Wixom

of CENTURY 21 Property Professionals

(319) 750-1179
Learn More About Me

Mortgage Calculator

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Monthly Payment Breakdown

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Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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