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    Altoona Four Unit Multifamily House Title is generated by Realmo AI

    202 3rd Street SE, Altoona, IA 50009

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    For Sale
    $350,000

    MULTI_FAMILY - Other - Altoona, IA

    Property size:
    1,690 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $207/SF
    Added:
    Mar 2, 2026
    Days on Market:
    117
    Last Refresh:
    Jun 27 at 1:06 pm

    Property Features for 202 3rd Street SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-3
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Basement, Bedroom 5, Bedroom 4
    Standard status
    Active
    APN
    17100164001000
    Size
    1,690 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Description
    LOT 3 BLK 5 TOWN OF ALTOONA
    Tax Annual Amount
    2836

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1870
    Floors in Building
    2
    Building materials
    WoodSiding
    Architectural style
    Other

    We can help!

    Contact an agent
    Anita Olson

    Listing agent Anita Olson

    Listing office Associated Realty 812 Ashworth Rd 2nd Floor, West Des Moines, IA

    Listing date Mar 2, 2026

    MLS# 735343 Listing URL

    Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 4‑unit house near downtown Altoona: two 2BR/1BA units and two 1BR/1BA units
    • Monthly income of $2,700; long‑term tenants in the bottom units
    • Owner pays all utilities
    • Boiler system is new and the roof is newer
    • Public water and public sewer
    • Wood siding with heat pump heating and window unit cooling; off‑street parking plus back‑of‑alley parking

    Overview

    This four-unit multifamily property is located near downtown Altoona. It features two units with two bedrooms and one bathroom each, and two upstairs units with one bedroom and one bathroom each. The owner is responsible for all utilities. The property has long-term tenants in the bottom units. The monthly income is $2700.00, presenting a great investment opportunity. The property includes a new boiler system and a newer roof. Off-street parking is available, with additional parking located in the back of the alley. The property size is 1690 square feet and the lot size is 0.2 acres. Showings require 72-hour notice and proof of funds. The zoning is R-3.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Altoona
    County
    Polk
    State
    Iowa
    Longitude
    -93.462884
    Latitude
    41.649156

    FAQs

    What type of property is this?
    Quadplex - Four-unit house near downtown Altoona with long-term tenants.
    Where is this quadplex located?
    The property is located at 202 3rd Street SE Altoona, IA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 4‑unit house near downtown Altoona: two 2BR/1BA units and two 1BR/1BA units; Monthly income of $2,700; long‑term tenants in the bottom units; Owner pays all utilities
    More about this property
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