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Triplex with Front Porch
For Sale
$120,000

508 N Iowa Ave, Washington, IA 52353

MULTI_FAMILY - Other - Washington, IA

Property SizeContact for details
Days on Market167

Property Features for 508 N Iowa Ave

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Full bathrooms 3
Rooms Bathroom 3, Bathroom 2, Bathroom 1
Parking 1
Parking features On Street, Garage
Patio and Porch features Porch
Exterior features FrontPorch
Appliances RangeOrOven, Refrigerator
Elementary school Washington
Middle school Washington
Directions North of Iowa Ave. from main square. Head north, go a few blocks until you reach the 500 block. House on right side.
Subdivision WashingtonArea
Standard status Active
APN 1117181003

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2300

Utilities

Heating system Baseboard, Electric (Heating), Forced Air

Building Details

Year built 1900
Floors in Building 2
Flooring type Carpet
Building materials Wood, Frame
Architectural style Other
Listing Agency: Century 21 Trinity
Listed By: Patty Elliott
Added: Feb 25 Changed: Aug 2 Last Checked: Aug 11 at 5:06AM
MLS# 202601418

Copyright © 2026 Iowa City Area Association of REALTORS®. 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 triplex at 508 N Iowa Ave offers a practical rental layout with three residential units. The property includes a front porch, carpet flooring, and essential in-unit appliances such as a range/oven and refrigerator. Heating is provided through a mix of baseboard and electric systems, including forced air in some units.

The unit mix features Unit 1 as a two-bedroom, one-bath home with a large three-season porch, and Units 2 and 3 as one-bedroom, one-bath homes. Parking is available with on-street spaces and a garage.

Built in 1900, the property is best suited for buyers seeking a multi-unit residential investment near downtown Washington, IA. A 24-hour notice is required for showings, and one owner is a licensed Realtor in the state of Iowa.

Key Highlights

  • Triplex with three rental units: one 2‑bedroom, two 1‑bedroom units
  • Residential zoning
  • Unit 1 includes a large three‑season porch and forced‑air electric heat

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Skin Care Clinic Bakery (Bike/Boat/Book/etc) Store Real Estate Agency Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

300
Businesses Nearby

Demographics for 52353, IA

9,416
Population
3,995
Households
2.4
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
157.4 sq mi
ZIP Area
60
Density / Sq Mi
$63,232
Median Household Income
$36,062
Median Earnings
$912
Median Rent
$155,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Triplex - Triplex in residential zoning with one 2-bedroom unit and two 1-bedroom units, plus front porch and garage parking.
Where is this triplex located?
The property is located at 508 N Iowa Ave Washington, IA.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Triplex with three rental units: one 2‑bedroom, two 1‑bedroom units; Residential zoning; Unit 1 includes a large three‑season porch and forced‑air electric heat
More about this property
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