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    602 11Th St Fort Madison, IA 52627

    For Sale
    $42,500

    Triplex - Fort Madison, IA

    Type:Triplex
    Property size:
    2,830 SF
    Lot size:
    0.12 Acres
    Days on Market:
    66
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 602 11Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    APN
    02471504284001
    Size
    2,830 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1880
    Number of units
    3
    Building materials
    Brick
    Architectural style
    Other

    KLM Realty (319) 372-1919 [email protected]

    Listing agent Cynthia Otte (319) 372-1919 License #***

    Listing date Oct 1, 2025

    MLS# 6332404 Listing URL

    Copyright © 2025 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

    Fort Madison Triplex Opportunity

    This triplex in Fort Madison, Iowa, presents an opportunity for investors looking to renovate and rent out or resell. The property includes two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. The building has a total area of 2830 square feet and is situated on a 0.12-acre lot. The property is intended for use as a residential income property. Historically, the owner covered the water bill, while the renters were responsible for all other utilities. Currently, the utilities are not active. The electric forced air heat is not functional, and the upper two apartments are equipped with electric baseboard heat.
    Property Profile 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
    Fort Madison
    County
    Lee
    State
    Iowa
    Longitude
    -91.316962
    Latitude
    40.631888

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    FAQs

    What type of property is this?
    Triplex - Triplex in Fort Madison, Iowa, ideal for investors.
    Where is this triplex located?
    The property is located at 602 11Th St Fort Madison, IA.
    What is the asking price?
    The asking price for this property is $42,500.
    What are key features of this property?
    This property features: - Tri-plex property offers immediate investment opportunity.; - Includes two 2-bedroom, 1-bath units.; - Features one 1-bedroom, 1-bath unit.
    (319) 372-1919
    Request Owner's contact information
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    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
    602 11Th St Fort Madison, IA 52627
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