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Three-Unit Triplex
New
For Sale
$170,000

309 E 2nd St, Washington, IA 52353

Two apartments are occupied, and downtown is within walking distance.

Property Size2,046 SF
Price / SF$83.09
Days on Market2

Property Features for 309 E 2nd St

General Information

Standard status Active
Size 2,046 SF
Property subtype Multi-Family
Zoning R

Units

Unit Mix 1 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $2,025

Amenities

CrawlSpace,Partial
Carpet,Laminate
BreakfastArea,Other
2046.0
0.0
43.5 x 143
OffStreet
Other

Building Details

Year Built 1900
Stories 2
Listing Agency: KALONA REALTY, INC.
Listed By: Hayley Hershberger · License #***
Source: Pinnaclerealtyia
Added: Oct 30 Last Checked: Oct 30 at 11:09AM

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 KALONA REALTY, INC.

Rey
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Investment Insights

Based on property information with market context.

Built in 1900, this triplex contains three apartments with separate living rooms and kitchens. One unit has an eat-in kitchen, one bedroom, and one bathroom. The other two each have two bedrooms and one bathroom; one of those includes an eat-in kitchen, while the upper-level apartment has its own kitchen.

Two of the three units are currently rented. Downtown is within walking distance.

Key Highlights

  • Three apartments, with two currently rented
  • One unit has 1 bedroom and 1 bathroom; the other two each have 2 bedrooms and 1 bathroom
  • Upper‑level apartment has a separate living room and kitchen

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

536
Businesses Nearby

Demographics for 52353, IA

9,416
Population
3,995
Households
2.4
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
157.4 sq mi
ZIP Area
60
Density / Sq Mi
$63,232
Median Household Income
$36,062
Median Earnings
$912
Median Rent
$155,700
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

Frequently Asked Questions

What type of property is this?
Triplex - Two apartments are occupied, and downtown is within walking distance.
Where is this triplex located?
The property is located at 309 E 2nd St Washington, IA.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Three apartments, with two currently rented; One unit has 1 bedroom and 1 bathroom; the other two each have 2 bedrooms and 1 bathroom; Upper‑level apartment has a separate living room and kitchen
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