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    624 Palean St Keokuk, IA 52632

    For Sale
    $179,000

    Apartment - Keokuk, IA

    Type:Apartment
    Lot size:
    0.14 Acres
    Days on Market:
    75
    Last Refresh:
    Dec 6 at 6:06 am

    Property Features for 624 Palean St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Standard status
    Active
    APN
    044521253850100
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1840
    Number of units
    5
    Building materials
    Brick
    Architectural style
    Other

    Weichert Realtors-The Massimo Team (319) 524-9510

    Listing agent Lisa Johnson (319) 524-9510 License #***

    Listing date Sep 23, 2025

    MLS# 6319579 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

    Remodeled Apartment Building: Income Opportunity

    This property presents an income opportunity with five units. The layout includes four units with two bedrooms and one bathroom each, along with one unit featuring one bedroom and one bathroom. Each unit is equipped with baseboard heating and window air conditioning. The property has been remodeled and features new windows, vinyl siding, a new roof, and updated electrical service with individual meters for each unit. The one-bedroom unit generates a monthly income of $500, while two of the two-bedroom units are rented for $725 per month each, and the remaining two-bedroom units bring in $650 per month each. Tenants are responsible for covering their electricity expenses, while the landlord is responsible for trash and water services. The lot size is 0.14 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Keokuk
    County
    Lee
    State
    Iowa
    Longitude
    -91.391159
    Latitude
    40.393204

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    FAQs

    What type of property is this?
    Apartment building - Remodeled apartment building featuring five units, offering an income opportunity.
    Where is this apartment building located?
    The property is located at 624 Palean St Keokuk, IA.
    What is the asking price?
    The asking price for this property is $179,000.
    What are key features of this property?
    This property features: - Income-generating property with 5 units.; - Newly remodeled units offer modern living spaces.; - New roof, vinyl siding, and electrical service/meters provide peace of mind.
    (319) 524-9510
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    624 Palean St Keokuk, IA 52632
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    Keokuk, IA 52632
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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
    624 Palean St Keokuk, IA 52632
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