All-Brick Duplex with
New
For Sale
$45,000
315 Locust Street, Allison, IA 50602
Residential Income, Allison, IA
Property SizeContact for details
Lot Size0.18 Acres
Days on Market7
Property Features for 315 Locust Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Parking features
Garage
Exterior features
Covered
Basement
Block
Elementary school
North Butler CSD
Middle school
North Butler CSD
High school
North Butler CSD
Standard status
Active
APN
0625261006
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
ALLISON AL-ORIGINAL TOWNLOT 384 " See abstract for complete legal description"
Tax Annual Amount
2336
Legal Description
ALLISON AL-ORIGINAL TOWNLOT 384 " See abstract for complete legal description"
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Building Details
Year built
1939
Number of units
2
Building materials
Brick
Roof type
Slate
Listing Agency:
Berkshire Hathaway Home Serv · Berkshire Hathaway HomeServices
(319) 233-7000
Listed By:
Jason Strelow · License #B37568
(319) 961-3000
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 24 at 1:06PM
MLS# 20263911
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 side-by-side duplex provides two separate residences within an all-brick building constructed in 1939. The unit mix includes one residence with 2 bedrooms and 1 bathroom and a second with 4 bedrooms and 2 bathrooms. Both units are vacant and require substantial renovation, offering a property suited to an investor prepared to complete updates.
The property includes a basement, detached two-stall garage, covered exterior features, slate roofing, and natural-gas heat. Public sewer serves the site, and the property is zoned R-2. Located on Locust Street in Allison, Iowa, the 0.18-acre parcel is within town and includes dedicated garage parking.
The property includes a basement, detached two-stall garage, covered exterior features, slate roofing, and natural-gas heat. Public sewer serves the site, and the property is zoned R-2. Located on Locust Street in Allison, Iowa, the 0.18-acre parcel is within town and includes dedicated garage parking.
Key Highlights
- Side‑by‑side duplex with 2‑bedroom/1‑bath and 4‑bedroom/2‑bath units
- Both units are vacant and require substantial renovation
- All‑brick construction; built in 1939
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant and require substantial renovation before leasing.
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: Side‑by‑side duplex with 2‑bedroom/1‑bath and 4‑bedroom/2‑bath units; Both units are vacant and require substantial renovation; All‑brick construction; built in 1939
