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515 Main St Iowa Falls, IA 50126

Sponsored
For Sale
$107,000

MULTI_FAMILY - Iowa Falls, IA

Property size:
2,860 SF
Lot size:
0.20 Acres
Days on Market:
5
Last Refresh:
Jan 5 at 3:06 pm

Property Features for 515 Main St

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
APN
892113288009
Basement
Full
Size
2,860 SF
Lot size
0.20 Acres

Utilities

Heating system
Oil
Water source
Public

Building Details

Year built
1914
Floors in Building
2
Number of units
3
Building materials
Vinyl Siding

Realty One Group Impact (641) 521-6044

Listing agent Heather Schachtner (641) 648-4040

Listing date Jan 1, 2026

MLS# 6331706 Listing URL

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

Iowa Falls Multifamily Investment Property

This property presents an investment opportunity, featuring three rental units. The first unit is a two-story, two-bedroom, one-bath apartment with hardwood floors and a fireplace. The second unit is a one-bedroom, one-bathroom apartment with a large bay window and hardwood floors. Recent updates to this unit include a new stove, new bathroom flooring, a new toilet, and an updated bathtub. The third unit, located on the second level, is a recently remodeled one-bedroom, one-bath apartment. The basement area has the potential to be converted into a fourth unit, with existing plumbing for a kitchen and a bathroom/shower. It could potentially be converted into a two-bedroom unit. The basement also includes a laundry room for the entire building. The building has a shared driveway with the neighbors through an easement. The property is currently managed by a property manager who is willing to continue managing the property under new ownership. The property is located in Iowa Falls, IA, and the building size is 2860 square feet on a 0.2-acre lot.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Iowa Falls
County
Hardin
State
Iowa
Longitude
-93.265789
Latitude
42.521899

FAQs

What type of property is this?
Triplex - Three-unit property with potential for a fourth unit.
Where is this triplex located?
The property is located at 515 Main St Iowa Falls, IA.
What is the asking price?
The asking price for this property is $107,000.
What are key features of this property?
This property features: - Three rental units provide immediate income potential.; - Basement has potential to be converted into a fourth rental unit (plumbing in place).; - Unit 2 is updated with a new stove, bathroom flooring, toilet, and bathtub.
More about this property
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