1117 Avenue D, Fort Madison, IA 52627
MULTI_FAMILY - Fort Madison, IA
- Added:
- Mar 12, 2026
- Days on Market:
- 95
- Last Refresh:
- Jun 14 at 6:06 am
Property Features for 1117 Avenue D
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Basement
- Partial
- Standard status
- Active
- APN
- 024715042330150
- Size
- 2,000 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- #835 1117 AVE D LOT 867 E 1/2 LOT 866
- Tax Annual Amount
- 2857
Utilities
- Heating system
- Heat Pump (Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing agent Laura Story License #*** (319) 372-9121
Listing office Fraise Auction & Real Estate 2311 Avenue L Ste 1, Fort Madison, IA (319) 372-9121
Listing date Mar 12, 2026
Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Main‑floor 2‑bedroom unit with vinyl plank flooring, quartz countertops, cherry‑finish cabinetry, and stainless appliances
- Upstairs apartment with open concept living/dining/kitchen, 1 large bedroom, and in‑unit washer/dryer hookups (exterior access)
- Private backyard with composite deck and awning, plus perennial flowers and a remotely controllable water feature
- 3‑car garage plus a carport reserved for the tenant
- Public water service; shingle roof
- Heat pump (heating) and baseboard heat; vinyl siding; year built 1900
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.5k | $12.24 |
| − Vacancy | −$1.3k | −$0.65 |
| EGI | $23.2k | $11.59 |
| − OpEx | −$7.0k | −$3.48 |
| NOI | $16.2k | $8.11 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Madison
- County
- Lee
- State
- Iowa
- Longitude
- -91.317977
- Latitude
- 40.634273
