Updated Triplex Investment
For Sale
$189,000
415 E Main Street, Montezuma, IA 50171
Residential Income, Montezuma, IA
Property Size2,798 SF
Lot Size0.20 Acres
Price / SF$67.55
Days on Market76
Property Features for 415 E Main Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Business/Commercial
Basement
Full
Lot features
Corner Lot
Directions
I-80 to Hwy 63 south into Montezuma left on E Main St 4 blocks to property on left
Standard status
Active
APN
1442300
Size
2,798 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
MONTEZUMA LOT 8 BLOCK 9
Tax Annual Amount
1632
Legal Description
MONTEZUMA LOT 8 BLOCK 9
Utilities
Heating system
Forced Air
Water source
Public
Amenities
laundry hookups
Building Details
Year built
1900
Number of units
3
Building materials
Frame, Vinyl Siding
Roof type
Metal
Listing Agency:
AE Realty, Inc
(641) 623-2639
Listed By:
Andy Erselius · License #B458265
(641) 226-2639
Added: Jun 30
Changed: Sep 7
Last Checked: Sep 13 at 2:06PM
MLS# 6339897
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.
Investment Insights
Based on property information with market context.
This three-unit residential income property includes two main-level one-bedroom units and an upper-level three-bedroom unit, with a full bath and kitchen in each residence. Owner-owned appliances, separate electric meters, individual HVAC systems, and laundry hookups support distinct unit operations. Portions of all three units have been updated within the last 24 months, including the main-floor kitchen, upstairs shower, kitchen flooring, paint, and a renovated third bedroom that adds living space.
Built in 1900, the 2,798-square-foot building has frame construction, vinyl siding, a metal roof, circuit breaker panels, and mostly replaced windows. The property is served by public water and forced-air heating. It is located at 415 E Main Street in Montezuma, one block from the Montezuma square, and is zoned Business/Commercial. The 0.2-acre lot is supported by ongoing owner-provided mowing and snow removal.
Built in 1900, the 2,798-square-foot building has frame construction, vinyl siding, a metal roof, circuit breaker panels, and mostly replaced windows. The property is served by public water and forced-air heating. It is located at 415 E Main Street in Montezuma, one block from the Montezuma square, and is zoned Business/Commercial. The 0.2-acre lot is supported by ongoing owner-provided mowing and snow removal.
Key Highlights
- Three‑unit property with 2,798 square feet of building area
- Fully occupied triplex with two 1‑bedroom units and one 3‑bedroom unit
- Business/Commercial zoning on a 0.2‑acre lot
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Explore this area
Business Placement
Demographics for 50171, IA
2,703
Population
1,592
Households
1.7
Avg Household Size
47
Median Age
17%
College-Educated
96%
High-School Grad
109.8 sq mi
ZIP Area
25
Density / Sq Mi
$55,944
Median Household Income
$42,356
Median Earnings
$822
Median Rent
$188,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied three-unit property with separate utilities, individual HVAC systems, and laundry hookups in each unit.
Where is this triplex located?
The property is located at 415 E Main Street Montezuma, IA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Three‑unit property with 2,798 square feet of building area; Fully occupied triplex with two 1‑bedroom units and one 3‑bedroom unit; Business/Commercial zoning on a 0.2‑acre lot
