Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    415 E Main St Montezuma, IA 50171

    New
    For Sale
    $199,000

    Triplex - Montezuma, IA

    Type:Triplex
    Property size:
    2,798 SF
    Lot size:
    0.20 Acres
    Days on Market:
    1
    Last Refresh:
    Dec 5 at 7:06 pm

    Property Features for 415 E Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    1442300
    Exterior features
    Corner Lot
    Size
    2,798 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1900
    Number of units
    3
    Building materials
    Frame, Vinyl Siding
    Roof type
    Metal
    Architectural style
    Other

    Andrew Erselius (641) 623-2639 [email protected]

    Listing agent Andy Erselius (641) 623-2639 License #***

    Listing date Dec 5, 2025

    MLS# 6328154 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

    Montezuma Triplex Investment Opportunity

    This fully occupied triplex is located one block from the Montezuma square. The property generates a monthly rental income of $2,250, with individual unit rents as follows: main level 1-bedroom unit at $650, another 1-bedroom unit at $700, and the upper-level 3-bedroom unit at $900. Tenants are responsible for their own utility expenses, while the owner covers mowing and snow removal. The property includes owner-owned appliances. Each unit is equipped with a full bath, kitchen, individual electric meter, HVAC system, and laundry hookups. The building is well-maintained, featuring vinyl siding, a metal roof, and circuit breaker panels. Most windows have been replaced. The property size is 2798 square feet, situated on a 0.2-acre lot. Parts of all three units have been updated within the last 12 months, including new windows and a renovated room in the upper unit to provide additional living space. The HVAC systems have also been updated. The property is zoned for business/commercial use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Montezuma
    County
    Poweshiek
    State
    Iowa
    Longitude
    -92.522632
    Latitude
    41.585583

    Nearby Similar for Sale

    • $900,000
      50,500 SF

      Montezuma Manufacturing Facility on Hwy 63

      Manufacturing facilities with expansion potential on high-visibility highway.
      401 S Front St, Montezuma, IA
      View Details
    • $210,000
      2,800 SF

      Montezuma Manufacturing/Warehouse Space For Sale

      2,800 SF manufacturing/warehouse space on Hwy 63 in Montezuma.
      503 S Front St, Montezuma, IA
      View Details
    • $165,000
      7,700 SF

      Central Iowa Manufacturing Facility

      Manufacturing facility with high visibility and seller financing available.
      501 S Front St, Montezuma, IA
      View Details

    FAQs

    What type of property is this?
    Triplex - Fully occupied triplex near Montezuma square, offering immediate cash flow.
    Where is this triplex located?
    The property is located at 415 E Main St Montezuma, IA.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Fully occupied triplex generating $2,250 in monthly rental income.; - Located one block from the Montezuma square.; - Each unit has its own electric meter, HVAC system, and laundry hookups.
    (641) 623-2639
    Request Owner's contact information
    415 E Main St Montezuma, IA 50171
    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.
    415 E Main St
    Montezuma, IA 50171
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    415 E Main St Montezuma, IA 50171
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.