Quadplex Property with
For Sale
$375,000
Pending
503 E 1st Street, Carroll, IA 51401
Commercial Sale, Carroll, IA
Property SizeContact for details
Lot Size0.41 Acres
Days on Market441
Property Features for 503 E 1st Street
General Information
Property type
Commercial Sale
Property subtype
Apartment
Basement
Block
Accessibility
Accessible Elevator Installed
Directions
Prior Twit Funeral Home
Standard status
Pending
APN
0400625276004
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2020
Tax Description
Krause & Kennebecks Addition Block 1 S 115 Ft of Lot 6
Tax Annual Amount
5460
Legal Description
Krause & Kennebecks Addition Block 1 S 115 Ft of Lot 6
Utilities
Heating system
Radiant
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Number of units
4
Building materials
Frame, Vinyl Siding
Roof type
Rubber
Listing Agency:
Kanne Realty & Associates
(712) 792-2776
Listed By:
Joel Running
(712) 790-4805
Added: Jun 24, 2025
Changed: Sep 7
Last Checked: Sep 7 at 5:06PM
MLS# 6329021
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 1920-built quadplex property includes three existing apartments, with one apartment updated and ready for occupancy. The building also provides an attached 2,300-square-foot garage, more than 3,400 square feet of additional interior space, and a full basement. The extra areas may accommodate office, apartment, or single-family residential use, subject to applicable approvals.
Located at 503 E 1st Street in Carroll, Iowa, the property occupies 0.41 acres and is served by public water. Building features include frame construction with vinyl siding, a rubber roof, radiant heat, central air, and an installed accessible elevator.
Located at 503 E 1st Street in Carroll, Iowa, the property occupies 0.41 acres and is served by public water. Building features include frame construction with vinyl siding, a rubber roof, radiant heat, central air, and an installed accessible elevator.
Key Highlights
- Three existing apartments, including one updated apartment
- Attached 2,300‑square‑foot garage
- More than 3,400 square feet of additional space
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Explore this area
Business Placement
Demographics for 51401, IA
12,248
Population
5,576
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
95%
High-School Grad
168.6 sq mi
ZIP Area
73
Density / Sq Mi
$64,458
Median Household Income
$45,938
Median Earnings
$720
Median Rent
$192,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily property with apartment space, flexible additional areas, and an attached garage.
Where is this quadplex located?
The property is located at 503 E 1st Street Carroll, IA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Three existing apartments, including one updated apartment; Attached 2,300‑square‑foot garage; More than 3,400 square feet of additional space
