204 N Main Street, Baxter, IA 50028
MULTI_FAMILY - Ranch - Baxter, IA
- Added:
- Jun 30, 2026
- Days on Market:
- 10
- Last Refresh:
- Jul 9 at 3:06 am
Property Features for 204 N Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- R
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 3, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 6
- Parking features
- Garage
- Appliances
- Dishwasher, Microwave, Refrigerator, Stove
- Standard status
- Active
- APN
- 0214153033
- Size
- 2,616 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Description
- ORIGINAL PLAT PARCEL D WITHIN LOTS 15, 16, 17 & 18 BLK 4
- Tax Annual Amount
- 5800
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2018
- Floors in Building
- 1
- Building materials
- VinylSiding
- Roof type
- Shingle, Asphalt
- Architectural style
- Ranch
Listing agent Heather Schmidt (515) 729-4735
Listing office RE/MAX Precision 709 SW 3rd Street, Clive, IA (515) 223-9492
Listing date Jun 30, 2026
Copyright © 2026 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.
HighLights
- Ranch‑style duplex built in 2018 with vinyl siding and an asphalt shingle roof
- Each side has 3 bedrooms and 1 full bath, plus single‑level living
- Attached single‑stall garage for each side
- Utilities include public water and public sewer
- Heating is forced air with natural gas; central air cooling
- Appliances include dishwasher, microwave, refrigerator, and stove
Overview
The duplex is located at 204 N Main Street in Baxter, Iowa, in Jasper County. The property is identified under zoning category R, and the listing notes availability for purchase individually or as part of a package.
With two matching unit layouts, this home can be a practical fit for tenants or buyers seeking flexibility between living space and rental income. The configuration supports familiar day-to-day functionality, including the convenience of attached parking for each side. For investors, the duplex format can offer a way to add a low-maintenance, multi-unit residential property to a portfolio, while owner-occupants may find the second unit useful for offsetting housing costs. All information is from the seller and public records.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.7k | $10.20 |
| − Vacancy | −$2.2k | −$0.84 |
| EGI | $24.5k | $9.36 |
| − OpEx | −$7.3k | −$2.81 |
| NOI | $17.1k | $6.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Baxter
- County
- Jasper
- State
- Iowa
- Longitude
- -93.152395
- Latitude
- 41.827808
