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Brick Fourplex with Garage Parking
New
For Sale
$360,000

308 Center Street, Decorah, IA 52101

Residential Income, Decorah, IA

Property SizeContact for details
Lot Size0.30 Acres
Days on Market4

Property Features for 308 Center Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning R-2
Parking features Garage
Patio and Porch features Deck
Exterior features Deck
Basement Finished, Concrete
Lot features Level
Elementary school Decorah Community Schools
Middle school Decorah Community Schools
High school Decorah Community Schools
Standard status Active
APN 11615600400
Lot size 0.30 Acres

Taxes and HOA fees

Tax Description LOTS 4&5, 2 of 6 and S 15' of L 1 of 6 BLK 2 WEST DEC 16-98-8
Tax Annual Amount 4894
Legal Description LOTS 4&5, 2 of 6 and S 15' of L 1 of 6 BLK 2 WEST DEC 16-98-8

Utilities

Sewer type Public Sewer
Heating system Baseboard, Electric (Heating)
Cooling system Wall Unit(s)
Water source Public

Amenities

garage parking
off-street parking

Building Details

Year built 1976
Floors in Building 2
Number of units 4
Building materials Brick
Roof type Asphalt
Listing Agency: AJ Realty, Inc
Listed By: Anne Dykstra · License #S36060
Added: Sep 24 Changed: Sep 26 Last Checked: Sep 27 at 1:06PM
MLS# 20264631

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.

Investment Insights

Based on property information with market context.

This 1976 brick fourplex sits on a 0.3-acre parcel and is zoned R-2. Three of its four units are occupied. Unit 2 has new vinyl plank flooring and fresh paint. Property improvements include vinyl windows, a deck, a concrete driveway serving the garages, and a radon mitigation system. Three garage spaces are provided, with off-street parking for all four units.

The property is at 308 Center Street on Decorah’s west side. Public water and sewer serve the site. Heating is listed as baseboard and electric, with wall-unit cooling.

Key Highlights

  • Four‑unit brick building on a 0.3‑acre parcel
  • Three of four units are occupied
  • Three garage spaces and off‑street parking for all four units

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.

Lease Details

4
Residential units
75%
Occupancy
Multi-tenant
Tenancy

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
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Three residences are occupied, and each of the four units has off-street parking.
Where is this quadplex located?
The property is located at 308 Center Street 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 building on a 0.3‑acre parcel; Three of four units are occupied; Three garage spaces and off‑street parking for all four units
More about this property
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