Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    115 N Iowa St Keota, IA 52248

    For Sale
    $399,900

    Multi Family - IA

    Property size:
    3,024 SF
    Days on Market:
    51
    Last Refresh:
    Dec 6 at 4:06 pm

    Property Features for 115 N Iowa St

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Zoning
    M - Residential (MR R3+)
    APN
    KOCOK-019500
    Parking features
    Off Street
    Size
    3,024 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1968
    Building materials
    Frame
    Architectural style
    Other

    RE/MAX Affiliates (319) 333-1213 [email protected]

    Listing agent Peter Schwartz (319) 333-1213

    Listing date Oct 17, 2025

    MLS# 202506536 Listing URL

    Copyright © 2025 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Keota Fourplex: Investment Opportunity

    This fully occupied fourplex in Keota presents a solid investment opportunity. Constructed in 1968, the property features four units, each containing two bedrooms and one bathroom. Each unit includes a living room, dining area, in-unit laundry facilities, and a private utility room, with both front and back entrances. The building is situated on a 0.68-acre lot, offering potential for constructing an additional fourplex or more, subject to city approval. Each unit is currently rented for $675 per month. Two tenants are under year-long leases, while the other two are on month-to-month agreements. Off-street parking is available for at least four vehicles. The units are equipped with central air conditioning and forced air heat. City water and sewer services are provided. Tenants are responsible for their individual electric, gas, and water utilities. The property is currently fully rented. The property is zoned as M - Residential (MR R3+). The building has a property size of 3024 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Keota
    County
    Keokuk
    State
    Iowa
    Longitude
    -91.947728
    Latitude
    41.364883

    FAQs

    What type of property is this?
    Quadplex - Fully occupied fourplex in Keota, Iowa, with expansion potential.
    Where is this quadplex located?
    The property is located at 115 N Iowa St Keota, IA.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - Fully occupied fourplex providing immediate rental income.; - Large 0.68-acre lot with potential to build additional units (pending city approval).; - Each unit features 2 bedrooms, 1 bath, living room, dining area, and in-unit laundry.
    (319) 333-1213
    Request Owner's contact information
    115 N Iowa St Keota, IA 52248
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    115 N Iowa St
    Keota, IA 52248
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 N Iowa St Keota, IA 52248
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.