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    1332 Avenue F Sawyer, IA 52627

    Pending
    For Sale
    $172,000

    Triplex - Fort Madison, IA

    Type:Triplex
    Property size:
    4,148 SF
    Lot size:
    0.20 Acres
    Days on Market:
    16
    Last Refresh:
    Dec 7 at 4:06 am

    Property Features for 1332 Avenue F

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Pending
    APN
    024715042590010
    Size
    4,148 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1871
    Number of units
    3
    Building materials
    Vinyl Siding
    Architectural style
    Other

    KLM Realty (319) 372-1919 [email protected]

    Listing agent Cynthia Otte (319) 372-1919 License #***

    Listing date Nov 22, 2025

    MLS# 6332327 Listing URL

    Copyright © 2025 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.

    Overview

    Income-Producing Triplex in Fort Madison

    This income-producing triplex is located in Fort Madison, Iowa. Unit one, situated on the east side, features 3 bedrooms and 1.5 bathrooms, and is heated by a gas boiler radiant system. The unit includes laminate flooring on the lower level and carpet upstairs, along with two off-street parking spots. Apartment 2, located on the west side, offers 2 bedrooms and 1.5 bathrooms, central air conditioning, and a gas furnace. It has updated kitchen cabinets and countertops, plus one off-street parking spot. Apartment 3, an upstairs unit, contains 1 bedroom and 1 bathroom, and is equipped with a gas furnace. This unit was completely renovated 3 years ago. All units have laundry hookups, and two include a washer and dryer that will stay with the property. Each apartment has separate utilities, including gas, electric, and water, all paid by the tenants. The property has a strong rental history, generating a total of $2200 per month. Recent updates include new siding and window flashing in 2024, as well as a partially new roof on the back half and front porches, also completed in 2024. The property size is 4148 square feet and sits on a 0.2-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sawyer
    County
    Lee
    State
    Iowa
    Longitude
    -91.322496
    Latitude
    40.631851

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    FAQs

    What type of property is this?
    Triplex - Fort Madison triplex with separate utilities and recent updates.
    Where is this triplex located?
    The property is located at 1332 Avenue F Sawyer, IA.
    What is the asking price?
    The asking price for this property is $172,000.
    What are key features of this property?
    This property features: - Income-producing triplex generating $2200 per month.; - All units are currently rented with separate utilities paid by tenants.; - Recent updates include new siding, window flashing, and partial new roof (2024).
    (319) 372-1919
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    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

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    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
    1332 Avenue F Sawyer, IA 52627
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