Vacant Fourplex with Separate
103 Carolina Street Meservey, IA 50457
For Sale
$120,000
Pending
MULTI_FAMILY - Ranch - IA
Property Size2,819 SF
Days on Market18
Property Features for 103 Carolina Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- R-4
- Bedrooms
- 6
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 6, Bedroom 5, Basement, Bedroom 3, Bedroom 1
- Standard status
- Pending
- APN
- 133235500200
- Size
- 2,819 SF
Taxes and HOA fees
- Tax Description
- W 15' L'S 5-6 & ALL L'S 7-8-9 & VAC ALLEY BETW L'S 4 & 9 & VAC ALLEY BETW L'S 5 & 8 & VAC ALLEY BETW L'S 6-7 BLK 6 MESERVEY
- Tax Annual Amount
- 980
Utilities
- Heating system
- Forced Air, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Floors in Building
- 1
- Number of units
- 4
- Roof type
- Metal
- Architectural style
- Ranch
Listing Agency:
EXP Realty, LLC
(833) 835-5566
Listed By:
Fernando Aveiga
(515) 782-5174
Added: Jul 8
Changed: Jul 24
Last Checked: Jul 25 at 5:06AM
MLS# 744210
Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully vacant fourplex offers four residential units: two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. The exterior features durable brick construction in excellent condition, and major improvements include a new steel commercial roof. Newer flooring has been installed throughout all four units. Each unit is separately metered with its own electrical breaker panel, while water is served on a single meter. The property also includes a fifth shared laundry room for tenant use.
The building is located at 103 Carolina Street in Cerro Gordo County, Iowa 50457.
With its unit mix and separately metered electric, the property is well suited for an owner seeking a small-scale rental setup that supports straightforward utility management. Updated roofing and newer interior flooring may also help reduce near-term maintenance considerations while preparing the units for occupancy.
The building is located at 103 Carolina Street in Cerro Gordo County, Iowa 50457.
With its unit mix and separately metered electric, the property is well suited for an owner seeking a small-scale rental setup that supports straightforward utility management. Updated roofing and newer interior flooring may also help reduce near-term maintenance considerations while preparing the units for occupancy.
Key Highlights
- Vacant fourplex with immediate lease‑up potential: 2 two‑bedroom/1‑bath units and 2 one‑bedroom/1‑bath units
- New steel commercial roof and newer flooring throughout all four units
- Brick exterior reported in excellent condition
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit rental property with updated roof, newer flooring, and separately metered electric for streamlined operations.
Where is this quadplex located?
The property is located at 103 Carolina Street Meservey, IA.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Vacant fourplex with immediate lease‑up potential: 2 two‑bedroom/1‑bath units and 2 one‑bedroom/1‑bath units; New steel commercial roof and newer flooring throughout all four units; Brick exterior reported in excellent condition
