Search
Brick Duplex with Detached Garage
New
For Sale
$45,000

315 Locust Street, Allison, IA 50602

Vacant two-unit property with a full basement and substantial renovation requirements in Allison.

Property Size3,160 SF
Price / SF$14.24
Days on Market7

Property Features for 315 Locust Street

General Information

Standard status Active
Size 3,160 SF
Total Parking Spaces 2
Property subtype Multi-Family
Zoning R-2
Lease Term Other

Property Condition

Severity Repairs Needed
Evidence need a significant amount of TLC

Units

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

Taxes and HOA fees

Annual Taxes $2,336

Amenities

Block
1430
1360
In Street
63x125
0.18
Garage,Detached

Building Details

Year Built 1939
Buildings 1
Construction brick
Listing Agency: Cedar Valley Property Solutions-Charles City
Listed By: Melissa Redinbaugh
Source: Pinnaclerealtyia
Added: Aug 18 Changed: Aug 24 Last Checked: Aug 24 at 3:46AM

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 Cedar Valley Property Solutions-Charles City

Investment Insights

Based on property information with market context.

This side-by-side duplex contains 3,160 square feet in total and was built in 1939. The all-brick property includes one two-bedroom, one-bath unit and a second unit with four bedrooms and two bathrooms. Both units are vacant, and the building includes a full basement along with a detached two-stall garage.

Located at 315 Locust Street in Allison, the property occupies a 0.18-acre lot measuring 63x125. It is zoned R-2 and requires significant renovation, providing a clearly defined rehabilitation project for an investor seeking a two-unit residential property.

Key Highlights

  • 3,160‑square‑foot side‑by‑side duplex built in 1939
  • Unit mix includes 2 bedrooms and 1 bathroom plus 4 bedrooms and 2 bathrooms
  • Both units are currently vacant

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Building Supply HVAC Service Auto Parts Store Plumbing Service Big Box & Wholesale Store 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

2
Residential units

Location Intelligence

Trade Area within ½ mile

151
Businesses Nearby

Demographics for 50602, IA

1,538
Population
675
Households
2.3
Avg Household Size
47
Median Age
16%
College-Educated
88%
High-School Grad
78.9 sq mi
ZIP Area
19
Density / Sq Mi
$64,722
Median Household Income
$42,000
Median Earnings
$615
Median Rent
$103,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Vacant two-unit property with a full basement and substantial renovation requirements in Allison.
Where is this duplex located?
The property is located at 315 Locust Street Allison, IA.
What is the asking price?
The asking price for this property is $45,000.
What are key features of this property?
This property features: 3,160‑square‑foot side‑by‑side duplex built in 1939; Unit mix includes 2 bedrooms and 1 bathroom plus 4 bedrooms and 2 bathrooms; Both units are currently vacant
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message