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Renovated Quadplex with Off-Street Parking
New
For Sale
$494,000

404 Jefferson Street, Decorah, IA 52101

Four-unit residential income property near downtown Decorah, with updated interiors and dedicated parking for each unit.

Property Size3,585 SF
Price / SF$137.80
Days on Market5

Property Features for 404 Jefferson Street

General Information

Standard status Active
Size 3,585 SF
Total Parking Spaces 4
Property subtype Multi-Family
Zoning R-3

Units

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

Taxes and HOA fees

Annual Taxes $5,758

Amenities

Concrete,Stone/Rock
Dryer Hookup-Ele,Washer Hookup
1722
1396
Public
53.00 x 123.00
Parking Space,On Street,None
Hard Surface Road

Building Details

Year Built 1900
Buildings 1
Stories 2
Abandoned No
Listing Agency: Kelly Real Estate Inc
Listed By: Karrie Schultz · License #B63691000
Source: Pinnaclerealtyia
Added: Aug 14 Changed: Aug 18 Last Checked: Aug 18 at 5:01AM

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 Kelly Real Estate Inc

Investment Insights

Based on property information with market context.

This 3,585-square-foot quadplex contains four apartments with a mix of one- and two-bedroom layouts. Unit 1 offers one bedroom, one bathroom, and a patio, with renovation completed in 2020. Unit 2 has two bedrooms and one bathroom. Unit 3 includes one bedroom and one bathroom and was renovated in 2025. Unit 4 is configured as a two-bedroom, two-bathroom short-term rental with a deck and was renovated in 2023.

The property is located at 404 Jefferson Street, three blocks from downtown Decorah and near the middle school. Each unit has its own off-street parking space. Additional improvements include a roof replacement in 2017 and vinyl siding installed in 2019. The property is zoned R-3 and was built in 1900.

Key Highlights

  • Four‑unit quadplex with 3,585 SF of building area
  • Unit mix includes 1‑bedroom and 2‑bedroom apartments
  • Each unit has its own off‑street parking space

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Plumbing Service Garden Center Electrical Service Carpet & Flooring 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

Location Intelligence

Trade Area within ½ mile

778
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

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 - Four-unit residential income property near downtown Decorah, with updated interiors and dedicated parking for each unit.
Where is this quadplex located?
The property is located at 404 Jefferson Street Decorah, IA.
What is the asking price?
The asking price for this property is $494,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,585 SF of building area; Unit mix includes 1‑bedroom and 2‑bedroom apartments; Each unit has its own off‑street parking space
More about this property
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