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Four-Unit Quadplex with Laundry
For Sale
$190,000
Pending

220 N Ella St, Riverside, IA 52327

Two-story multifamily property with varied unit sizes, individual utilities, and on-site coin-operated laundry.

Property SizeContact for details
Days on Market47

Property Features for 220 N Ella St

General Information

Standard status Pending
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units 4

Amenities

coin-operated laundry

Building Details

Year Built 1404
Listing Agency: Lepic-Kroeger, REALTORS
Listed By: Michael Jensen · License #7586
Source: Monicahayesteam
Added: Jul 15 Changed: Aug 29 Last Checked: Aug 29 at 10:41PM

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 Lepic-Kroeger, REALTORS

Investment Insights

Based on property information with market context.

This four-unit residential income property is arranged with two apartments on each level. The mix includes two 2 bed/1 bath units and two 1 bed/1 bath units, giving the building a combination of layouts within a compact multifamily configuration. Each apartment features window AC and electric heat, while residents are responsible for their own utilities. A coin-operated laundry area is located on site.

The property is at 220 N Ella St in Riverside, Iowa, with access to Iowa City, its employers, amenities, and UI Campus. The sale is offered As Is.

Key Highlights

  • Four‑unit building with two apartments up and two down
  • Unit mix includes two 2 bed/1 bath units and two 1 bed/1 bath units
  • Tenants are responsible for their own utilities

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Storage Facility Garden Center

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

85
Businesses Nearby

Demographics for 52327, IA

3,333
Population
1,474
Households
2.3
Avg Household Size
41
Median Age
31%
College-Educated
94%
High-School Grad
80.2 sq mi
ZIP Area
42
Density / Sq Mi
$83,250
Median Household Income
$52,811
Median Earnings
$1,080
Median Rent
$288,400
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?
Quadplex - Two-story multifamily property with varied unit sizes, individual utilities, and on-site coin-operated laundry.
Where is this quadplex located?
The property is located at 220 N Ella St Riverside, IA.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Four‑unit building with two apartments up and two down; Unit mix includes two 2 bed/1 bath units and two 1 bed/1 bath units; Tenants are responsible for their own utilities
More about this property
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