Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    301 Morgan Street Keokuk, IA 52632

    View on Map
    New
    For Sale
    $75,000

    MULTI_FAMILY - Keokuk, IA

    Property size:
    4,576 SF
    Lot size:
    0.16 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 2 at 6:06 pm

    Property Features for 301 Morgan Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Fencing
    Privacy, Chain Link
    Basement
    Walk-Out Access, Full
    Standard status
    Active
    APN
    044522303090050
    Size
    4,576 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    301-303 MORGAN #528 KKK 12 BLK 46
    TaxAnnualAmount
    2944

    Utilities

    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    2
    Building materials
    Slate
    Roof type
    Shingle

    We can help!

    Listing Contact
    Lisa Johnson
    Lisa Johnson

    Listing agent Lisa Johnson License #***

    Listing office Weichert Realtors-The Massimo Group 804 Main St, Keokuk, IA

    Listing date Apr 1, 2026

    MLS# 6336851

    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.

    Overview

    Spacious Keokuk Duplex For Sale

    This well-maintained two-story duplex features approximately 2,288 sq ft of living space per unit, plus an additional 1,100 sq ft basement and approximately 900 sq ft walk-up attic, suitable for storage or flexible use. Each side includes a functional main level with a kitchen, formal dining room, living room, and half bath. Upstairs, each unit has 4 bedrooms and a full bathroom. The units feature hardwood flooring throughout, with linoleum flooring in the kitchens. Each unit also has its own private, outdoor space with a fenced-in backyard. Additional features include separate gas forced-air furnace and central A/C for each unit, as well as a gas water heater per unit and separate electric meters. The property is located in Keokuk, Iowa, within Lee County, and has a lot size of 0.16 acres. The property contains 4,576 square feet of space. Tenant responsibilities include all utilities, while the landlord covers taxes, insurance, lawn care, and snow removal.
    Property Profile Insight Report 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 Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Keokuk
    County
    Lee
    State
    Iowa
    Longitude
    -91.377453
    Latitude
    40.397137

    Nearby Similar for Sale

    • $800,000

      Iconic Downtown Investment Opportunity

      Multi-use commercial building with strong income and timeless character.
      629 Blondeau Street, Keokuk, IA 52632
      View Details
    • $315,000

      Refurbished Gymnasium in Solid Brick Structure

      Adaptable commercial building with refurbished gymnasium and large classrooms.
      914 Timea Street, Keokuk, IA 52632
      View Details
    • $53,500
      2,240 SF

      Keokuk Duplex: Investment Opportunity

      Well-maintained duplex with long-term tenants and immediate cash flow.
      822 Morgan Street, Keokuk, IA 52632
      View Details
    • $22,500

      Downtown Flex Space Opportunity

      Versatile building suitable for office, shop, or warehouse use.
      18 S 11Th Street, Keokuk, IA 52632
      View Details
    • $855,000
      16,000 SF

      Keokuk Multifamily Investment Opportunity

      Two-building, 16-unit complex in Keokuk, Iowa, with 100% occupancy.
      1 Richards Drive, Keokuk, IA, 52632
      View Details
    • $49,000
      2,664 SF

      Keokuk Duplex Fixer Upper

      Duplex in Keokuk, Iowa, ideal for renovation.
      517-519 A Street, Keokuk, IA 52632
      View Details
    • $54,900
      1,764 SF

      Keokuk Duplex with Garage

      Occupied duplex on corner lot with two-car garage.
      1329 Des Moines, Keokuk, IA 52632
      View Details
    • $799,000
      22,200 SF

      Keokuk Retail Investment Opportunity

      22,200 SF retail property with high visibility and expansion potential.
      3533 Main St, Keokuk, IA 52632
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with ample living space and separate utilities.
    Where is this duplex located?
    The property is located at 301 Morgan Street Keokuk, IA.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Spacious Units: Each side offers approximately 2,288 sq ft of living space, plus a 1,100 sq ft basement and ~900 sq ft walk‑up attic.; Separate Utilities: Each unit is equipped with its own gas forced‑air furnace, central A/C, gas water heater, and electric meter.; Four Bedrooms per Unit: Each side features 4 bedrooms and a full bathroom upstairs.
    (319) 524-9510
    We can help!
    Listing Contact
    Lisa Johnson
    Lisa Johnson
    Real Estate License ID: ***
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!