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    2515 N 3Rd St Clinton, IA 52732

    For Sale
    $385,000

    Residential Income - Clinton, IA

    Property size:
    6,484 SF
    Days on Market:
    34
    Last Refresh:
    Dec 6 at 8:06 am

    Property Features for 2515 N 3Rd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    8605100000/8605090000
    Parking
    8
    Exterior features
    Level
    Size
    6,484 SF

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1974
    Number of units
    8
    Roof type
    Shingle
    Architectural style
    Other

    Howes & Jefferies Realtors (563) 242-3265 [email protected]

    Listing agent Monica Laufenberg (563) 242-3265 License #S39064000/475.128496

    Listing date Nov 3, 2025

    MLS# QC4267739 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Clinton Multifamily Investment Opportunity

    This residential income property features two separate buildings located in the Northend of Clinton. The property, situated at 2515 and 2519 North 3rd Street, comprises eight units. Each unit includes two bedrooms and one full bathroom. The units rent for between $700 and $800 each. The property includes a private driveway leading to a tenant parking lot. Each unit is equipped with central air, its own furnace, electric meter, and water heater. Five of the units have been recently updated. The roofs were replaced approximately in 2015. The buildings are all electric, with costs paid by the tenants. The property size is 6,484 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Clinton
    State
    Iowa
    Longitude
    -90.182702
    Latitude
    41.875052

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    FAQs

    What type of property is this?
    Apartment building - Two buildings with eight units, updated and generating income.
    Where is this apartment building located?
    The property is located at 2515 N 3Rd St Clinton, IA.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: - Great income opportunity with 8 units.; - All electric utilities are paid by tenants.; - Units have central air, individual furnaces, electric meters, and water heaters.
    (563) 242-3265
    Request Owner's contact information
    2515 N 3Rd St Clinton, IA 52732
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    Clinton, IA 52732
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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
    2515 N 3Rd St Clinton, IA 52732
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