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Two-Story Quadplex with Garages
For Sale
$220,000
Pending

101 N Commercial Street, Reinbeck, IA 50669

Residential Income, Reinbeck, IA

Property SizeContact for details
Lot Size0.17 Acres
Days on Market49

Property Features for 101 N Commercial Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning R-3
Parking features Garage
Patio and Porch features Patio
Exterior features Balcony, Garden, Patio
Basement Crawl Space
Elementary school Gladbrook-Reinbeck
Middle school Gladbrook-Reinbeck
High school Gladbrook-Reinbeck
Standard status Pending
APN 871521377004
Lot size 0.17 Acres

Taxes and HOA fees

Tax Description BLOCK A, SELLERS ADD. ALL LOT 11; LOTS 12, 13, 14 & 15 LYING SW OF A LINE RUNNING PARALLEL WITH & DISTANT 8.5' SW FROM CENTER LINE OF SPUR TRACK (Note: Not to be used on legal documents)
Tax Annual Amount 3130
Legal Description BLOCK A, SELLERS ADD. ALL LOT 11; LOTS 12, 13, 14 & 15 LYING SW OF A LINE RUNNING PARALLEL WITH & DISTANT 8.5' SW FROM CENTER LINE OF SPUR TRACK (Note: Not to be used on legal documents)

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1978
Floors in Building 2
Number of units 4
Building materials Vinyl Siding
Roof type Asphalt
Listing Agency: Re/Max Concepts · RE/MAX International
Listed By: Rick Schmidt
Added: Sep 9 Changed: Oct 10 Last Checked: Oct 27 at 5:06PM
MLS# 20264325

Copyright © 2026 Northeast Iowa Regional Board 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.

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Investment Insights

Based on property information with market context.

Built in 1978, this two-story quadplex at 101 N Commercial Street contains four apartments, each configured with two bedrooms and one bathroom. All four units are currently rented. The property includes four attached garages with exterior access, along with two additional storage garages. Apartment-level features include balconies, patios, and garden areas, while the building has vinyl siding, forced-air heat, central air, an asphalt roof, public water, and public sewer.

The property occupies 0.17 acres in Reinbeck, Iowa, and is zoned R-3. Four attached garages support resident parking or storage, while the separate storage garages provide additional on-site utility. Two parcels lie north of the quadplex and are included in the property information as additional land associated with the offering.

Key Highlights

  • Four rented apartments, each with 2 bedrooms and 1 bathroom
  • Two‑story multifamily building constructed in 1978
  • Four attached garages with exterior access

Property Analytics

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Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

157
Businesses Nearby

Demographics for 50669, IA

2,335
Population
1,161
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
98%
High-School Grad
96.7 sq mi
ZIP Area
24
Density / Sq Mi
$83,636
Median Household Income
$42,467
Median Earnings
$828
Median Rent
$165,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Four residential units offer two-bedroom layouts, private garages, and current occupancy in a multifamily building.
Where is this quadplex located?
The property is located at 101 N Commercial Street Reinbeck, IA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Four rented apartments, each with 2 bedrooms and 1 bathroom; Two‑story multifamily building constructed in 1978; Four attached garages with exterior access
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