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

    523 S 2Nd St Winterset, IA 50273

    For Sale
    $140,000

    MULTI_FAMILY - Other - Winterset, IA

    Type:Duplex
    Property size:
    1,556 SF
    Lot size:
    0.32 Acres
    Days on Market:
    23
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for 523 S 2Nd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Zoning
    R
    Rooms
    Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 1
    Bedrooms
    5
    Bathrooms
    2
    APN
    820001016050000
    Parking features
    Garage
    Appliances
    Refrigerator, Stove
    Size
    1,556 SF
    Lot size
    0.32 Acres

    Utilities

    Heating system
    Electric (Heating), Baseboard
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1870
    Building materials
    CementSiding
    Roof type
    Shingle, Asphalt
    Architectural style
    Other

    LPT Realty, LLC (515) 669-4010 [email protected]

    Listing agent Benjamin Grotzke (877) 366-2213

    Listing date Nov 14, 2025

    MLS# 720154 Listing URL

    Copyright © 2025 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Winterset Duplex Conversion Opportunity

    This conversion duplex is located blocks from downtown Winterset. The property is suitable for investors or those looking to expand their portfolio. Each unit features spacious layouts. The property has separate entrances, utilities, and off-street parking. The 1,556 square foot multifamily property is located on a 0.32-acre lot. The property is zoned R. It is located in Winterset, Iowa, in Madison County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Winterset
    County
    Madison
    State
    Iowa
    Longitude
    -94.011801
    Latitude
    41.33046

    Nearby Similar for Sale

    • New
      $254,000
      0.06 Acres

      Winterset Mixed-Use Property Near Square

      Versatile property near downtown Winterset with retail and apartment spaces.
      110 W Court Ave, Winterset, IA 50273
      View Details
    • Contact for pricing

      Winterset Commercial Property with Shop

      Commercial property with office, fireplace, shop space near Winterset.
      2273 Clark Tower Rd, Winterset, IA 50273
      View Details
    • $259,000
      2,134 SF

      Historic Winterset Retail Space

      Charming retail space, high foot traffic.
      John Wayne Dr, Winterset, IA 50273
      View Details
    • $575,000
      12,980 SF

      Winterset Square Commercial Gem

      Historic building, retail & apartments
      70 Court Ave, Winterset, IA 50273
      View Details

    FAQs

    What type of property is this?
    Duplex - Conversion duplex near downtown Winterset, ideal for investors.
    Where is this duplex located?
    The property is located at 523 S 2Nd St Winterset, IA.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: - Duplex offers income potential; - Located near downtown Winterset in a growing community; - Separate entrances, utilities, and off-street parking for each unit
    (877) 366-2213
    Request Owner's contact information
    523 S 2Nd St Winterset, IA 50273
    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.
    523 S 2Nd St
    Winterset, IA 50273
    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
    523 S 2Nd St Winterset, IA 50273
    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.