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Two-Unit Duplex Property
For Sale
Contact for pricing
Pending

205 3rd Ave NE, Independence, IA 50644

Separate living spaces offer distinct bedroom, bathroom, kitchen, and common-area configurations.

Property SizeContact for details
Days on Market143

Property Features for 205 3rd Ave NE

General Information

Standard status Pending
Property subtype Multifamily

Units

Unit Mix 1 x 2BR/1BA, 1 x 1BR/2BA
Multifamily Units 2
Listing Agency: Ohl Iowa Realty, Real Est & Insurance Inc.
Listed By: Steven Ohl · License #IA B18657
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 31 at 1:24PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ohl Iowa Realty, Real Est & Insurance Inc.

Investment Insights

Based on property information with market context.

This duplex at 205 3rd Ave NE includes two residential units with distinct layouts. The main-level residence features two bedrooms, one bathroom, a large kitchen, dining room, living room, appliances, and garage space. The upper residence contains one large bedroom, two bathrooms, a kitchen, and a living room.

Both units generate rental income. Renters pay all utilities other than the main-level unit’s heat, which is covered by the owner. The property is located in Independence, IA 50644.

Key Highlights

  • Two‑unit duplex at 205 3rd Ave NE, Independence, IA 50644
  • Main‑level unit has 2 bedrooms and 1 bathroom
  • Upper‑level unit includes 1 large bedroom and 2 bathrooms

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Electrical Service Restaurant HVAC Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

374
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Separate living spaces offer distinct bedroom, bathroom, kitchen, and common-area configurations.
Where is this duplex located?
The property is located at 205 3rd Ave NE Independence, IA.
What are key features of this property?
This property features: Two‑unit duplex at 205 3rd Ave NE, Independence, IA 50644; Main‑level unit has 2 bedrooms and 1 bathroom; Upper‑level unit includes 1 large bedroom and 2 bathrooms
More about this property
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