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Brick 4-Unit Multifamily Property
For Sale
$360,000
Pending

308 Center St, Decorah, IA 52101

Three apartments are occupied, while the fourth can serve as a rental or owner-occupied residence.

Property Size1,600 SF
Days on Market8

Property Features for 308 Center St

General Information

Standard status Pending
Size 1,600 SF
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $4,894
Listing Agency: AJ Realty, Inc
Listed By: Anne Dykstra · License #S36060
Source: Exprealty
Added: Sep 25 Changed: Sep 29 Last Checked: Oct 1 at 3:41PM

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 AJ Realty, Inc

Investment Insights

Based on property information with market context.

This brick multifamily property in Decorah contains four units, three of which are occupied. The remaining apartment offers flexibility for rental use or owner occupancy. Improvements include vinyl windows, mini-split heating and cooling systems, a radon mitigation system, and a new deck. Unit 2 has new vinyl plank flooring and fresh paint.

The property at 308 Center St includes three garage spaces, a concrete driveway, and off-street parking for all four units.

Key Highlights

  • Four‑unit brick property with three occupied apartments
  • Three garage spaces and off‑street parking for all four units
  • Mini‑split heating and cooling systems, vinyl windows, and radon mitigation

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Plumbing Service Parking Lot & Garage HVAC Service Furniture & Home Goods Garden Center (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

379
Businesses Nearby

Demographics for 52101, IA

13,186
Population
5,611
Households
2.4
Avg Household Size
42
Median Age
39%
College-Educated
96%
High-School Grad
316.7 sq mi
ZIP Area
42
Density / Sq Mi
$70,046
Median Household Income
$33,090
Median Earnings
$813
Median Rent
$249,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Three apartments are occupied, while the fourth can serve as a rental or owner-occupied residence.
Where is this quadplex located?
The property is located at 308 Center St Decorah, IA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Four‑unit brick property with three occupied apartments; Three garage spaces and off‑street parking for all four units; Mini‑split heating and cooling systems, vinyl windows, and radon mitigation
More about this property
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