4-Unit Apartment
New
For Sale
$249,500
Pending
1612 2nd St. SW, Independence, IA 50644
Residential Income, Independence, IA
Property SizeContact for details
Lot Size0.25 Acres
Days on Market3
Property Features for 1612 2nd St. SW
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-3
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 2, Bedroom 7, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 8
Patio and Porch features
Deck
Exterior features
Deck
Elementary school
Independence
Middle school
Independence
High school
Independence
Standard status
Pending
APN
105277008
Lot size
0.25 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Lot 4, Waskow & Nabholz 1st
Tax Annual Amount
3238
Legal Description
Lot 4, Waskow & Nabholz 1st
Utilities
Sewer type
Public Sewer
Heating system
Steam, Natural Gas, Baseboard
Cooling system
Window Unit(s)
Water source
Public
Amenities
coin-operated washer/dryer
Building Details
Year built
1981
Number of units
4
Building materials
Brk Accent, Vinyl Siding
Roof type
Asphalt
Buildings
1
Listing Agency:
RE/MAX Independence Realty · RE/MAX International
(319) 334-5703
Listed By:
James Hughes
(319) 440-6649
Added: Oct 28
Changed: Oct 29
Last Checked: Oct 30 at 3:06PM
MLS# 20265294
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 1981, this four-unit property has a consistent layout across its apartments: two bedrooms, one bathroom, a living room, and a kitchen in each. A coin-operated washer and dryer serve the building, and the property also includes a deck and off-street parking. Heating is provided by natural gas and steam/baseboard systems; window units provide cooling.
The 0.25-acre parcel is zoned R-3 and connected to public water and sewer. The owner covers gas heat, lawn care, and snow removal, while tenants pay electric, water, sewer, and garbage expenses.
The 0.25-acre parcel is zoned R-3 and connected to public water and sewer. The owner covers gas heat, lawn care, and snow removal, while tenants pay electric, water, sewer, and garbage expenses.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 0.25‑acre property zoned R‑3
- Coin‑operated washer and dryer on site
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
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Business Placement
Demographics for 50644, IA
8,795
Population
3,921
Households
2.2
Avg Household Size
42
Median Age
24%
College-Educated
96%
High-School Grad
145.0 sq mi
ZIP Area
61
Density / Sq Mi
$79,861
Median Household Income
$41,689
Median Earnings
$770
Median Rent
$174,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes two bedrooms, a full bath, a living room, and a kitchen.
Where is this quadplex located?
The property is located at 1612 2nd St. SW Independence, IA.
What is the asking price?
The asking price for this property is $249,500.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; 0.25‑acre property zoned R‑3; Coin‑operated washer and dryer on site
