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    Income-Generating Duplex with Garage Title is generated by Realmo AI

    1216 N Green Street, Oskaloosa, IA 52577

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    For Sale
    $219,500

    MULTI_FAMILY - Oskaloosa, IA

    Property size:
    2,278 SF
    Lot size:
    0.38 Acres
    Price / SF:
    $96/SF
    Added:
    May 7, 2026
    Days on Market:
    28
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for 1216 N Green Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 2, Family Room, Bedroom 1
    Parking features
    Garage - Detached
    Basement
    Partial
    Appliances
    Range, Refrigerator, Washer, Dryer
    Standard status
    Active
    APN
    1013102006
    Size
    2,278 SF
    Lot size
    0.38 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 8 NORTH FAIR PLA T 2 & S 116.42' W 50' LOT 5 VERSTEEGS 1ST ADD
    Tax Annual Amount
    2873

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1980
    Building materials
    Frame, Wood Siding
    Roof type
    Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Lori Oaks
    Lori Oaks

    Listing agent Lori Oaks License #***

    Listing office Hawkeye Property Mgm & RE 121 High Ave East, Oskaloosa, IA

    Listing date May 7, 2026

    MLS# 6337955 Listing URL

    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

    • Duplex offers significant income potential.
    • South unit: 2 bedrooms, 1.75 baths, family room, fully equipped kitchen.
    • North unit is a well‑maintained 1‑bedroom, 1‑bath unit with kitchen and stackable washer/dryer.
    • Detached 30x24 garage provides ample space.
    • Recent roof (2022) and furnace (2025) replacement.
    • Includes a patio and storage shed.

    Overview

    This duplex offers income potential, with the option to live in one unit and rent the other, or rent both for maximum cash flow. The south unit features two bedrooms, one and three-quarter baths, a family room in the lower level, a fully equipped kitchen, and an enclosed back porch. The north unit is a one-bedroom, one-bath unit with a kitchen showcasing attractive cabinetry, a stove, and a stackable washer and dryer. This unit is currently rented at $600, with a successful rental history at $800. The property includes a 30x24 detached garage, a patio, and a storage shed. The roof was replaced in 2022 and the furnace in 2025. The property is located in Oskaloosa, IA, and sits on a 0.38-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oskaloosa
    County
    Mahaska
    State
    Iowa
    Longitude
    -92.659817
    Latitude
    41.304701

    Nearby Similar for Sale

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    • $167,800

      Oskaloosa Commercial Property in Downtown

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    FAQs

    What type of property is this?
    Duplex - Duplex with income potential, garage, and updated features.
    Where is this duplex located?
    The property is located at 1216 N Green Street Oskaloosa, IA.
    What is the asking price?
    The asking price for this property is $219,500.
    What are key features of this property?
    This property features: Duplex offers significant income potential.; South unit: 2 bedrooms, 1.75 baths, family room, fully equipped kitchen.; North unit is a well‑maintained 1‑bedroom, 1‑bath unit with kitchen and stackable washer/dryer.
    (641) 660-7011
    We can help!
    Listing Contact
    Lori Oaks
    Lori Oaks
    Real Estate License ID: ***
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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