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    201 SE Locust St Leon, IA 50144

    Picture of Triplexes at SE Locust St 201, Leon, IA
    For Sale
    $199,999

    Residential Income, Apartment - Leon, IA

    Property size:
    1,900 SF
    Lot size:
    0.50 Acres
    Days on Market:
    376
    Last Refresh:
    Dec 6 at 5:06 am

    Property Features for 201 SE Locust St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    0733131001
    Size
    1,900 SF
    Lot size
    0.50 Acres

    Utilities

    Heating system
    Forced Air, Hot Water (Heating)

    Building Details

    Year built
    1960
    Number of units
    3
    Architectural style
    Other

    Power House Exclusive Real Estate Inc.

    Listing agent Michael Powers License #***

    Listing date Nov 26, 2024

    MLS# 6311552 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

    Leon, Iowa Triplex For Sale

    This residential income property is a legal 3-family building. The property is suitable for a first-time home buyer. The lot size is 0.5 acres. The living area is 1900 square feet. Owner financing may be available with one-half down at a 5 percent rate with a five-year balloon, subject to approval. The property is located in Leon, Iowa.
    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
    Leon
    County
    Decatur
    State
    Iowa
    Longitude
    -93.742068
    Latitude
    40.738466

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      Legal 5-family building in Leon, Iowa, fully occupied.
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    FAQs

    What type of property is this?
    Triplex - Residential income property in Leon, Iowa, with owner financing.
    Where is this triplex located?
    The property is located at 201 SE Locust St Leon, IA.
    What is the asking price?
    The asking price for this property is $199,999.
    What are key features of this property?
    This property features: - Legal 3-family property; - Potential for owner financing (with substantial down payment and approval); - Features forced air and hot water heating systems
    Request Owner's contact information
    201 SE Locust St Leon, IA 50144
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    Leon, IA 50144
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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

    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
    201 SE Locust St Leon, IA 50144
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