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Fully Occupied Triplex with Separate Meters

415 E Main Street, Montezuma, IA 50171

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For Sale

$189,000

MULTI_FAMILY - Montezuma, IA

Property size:

2,798 SF

Lot size:

0.20 Acres

Price / SF:

$67/SF

HighLights

Fully occupied 3‑unit triplex with monthly rent of $2,200; Main level $600 (1BR) and $700 (1BR); Upper level $900 (3BR).
Owner and tenant costs: tenants pay their own utilities; owner pays mowing and snow removal.
Unit updates within last 24 months: main floor kitchen updated in '26; upstairs shower, kitchen floor and paint in '26; new windows and renovated 3rd bedroom in upper unit.
Each unit has a full bath, kitchen with owner‑owned appliances, its own electric meter, HVAC, and laundry hookups.
Building has vinyl siding and a metal roof; forced‑air heating; public water; circuit breaker panels and updated windows.
Year built: 1900.

We can help!

Contact an agent

Andy Erselius

For Sale

$189,000

MULTI_FAMILY - Montezuma, IA

Property size:

2,798 SF

Lot size:

0.20 Acres

Price / SF:

$67/SF

Added:: Jun 30, 2026
Days on Market:: 10
Last Refresh:: Jul 9 at 3:06 am

Property Features for 415 E Main Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: Business/Commercial
Basement: Full
Standard status: Active
APN: 1442300
Size: 2,798 SF
Lot size: 0.20 Acres

Taxes and HOA fees

Tax Year: 2026
Tax Description: MONTEZUMA LOT 8 BLOCK 9
Tax Annual Amount: 1632

Utilities

Heating system: Forced Air
Water source: Public

Building Details

Year built: 1900
Number of units: 3
Building materials: Frame, Vinyl Siding
Roof type: Metal

We can help!

Contact an agent

Andy Erselius

Listing agent Andy Erselius License #***

Listing office AE Realty, Inc 321 E Main St, Suite 1, Montezuma, IA

Listing date Jun 30, 2026

MLS# 6339897 Listing URL

HighLights

Fully occupied 3‑unit triplex with monthly rent of $2,200; Main level $600 (1BR) and $700 (1BR); Upper level $900 (3BR).
Owner and tenant costs: tenants pay their own utilities; owner pays mowing and snow removal.
Unit updates within last 24 months: main floor kitchen updated in '26; upstairs shower, kitchen floor and paint in '26; new windows and renovated 3rd bedroom in upper unit.
Each unit has a full bath, kitchen with owner‑owned appliances, its own electric meter, HVAC, and laundry hookups.
Building has vinyl siding and a metal roof; forced‑air heating; public water; circuit breaker panels and updated windows.
Year built: 1900.

Overview

This triplex at 415 E Main Street, Montezuma, is fully occupied and arranged as three separate units, each with a full bath, kitchen with owner-owned appliances, its own electric meter, an HVAC system, and laundry hookups. The owner pays for mowing and snow removal, while tenants pay their own utilities. Unit rent is currently $2,200 per month total, with the main level at $1,300 (one-bedroom $600 and one-bedroom $700) and the upper unit at $900 (a three-bedroom). The property has been well maintained, including vinyl siding, a metal roof, circuit breaker panels, and window replacements. Portions of all three units have been updated within the last 24 months, including the main floor kitchen (’26), upstairs shower, kitchen floor and paint (’26), and new windows plus a renovated third bedroom in the upper unit.

The building sits on a 0.2-acre lot in Business/Commercial zoning, and it is located about one block from the Montezuma square.

For tenants or operators looking for an income-producing multifamily setup with in-unit separation, each unit’s dedicated electric meter, HVAC, and laundry hookups support practical everyday use. With recent interior and exterior updates, the property offers a maintained configuration intended to keep all three units in service.

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Local Demand

City: Montezuma
County: Poweshiek
State: Iowa
Longitude: -92.522632
Latitude: 41.585583

For sale
Triplexes
IA
Montezuma
50171
415 E Main Street

What type of property is this?

Triplex - Fully occupied triplex with separate electric meters, HVAC, and laundry hookups, zoned Business/Commercial.

Where is this triplex located?

The property is located at 415 E Main Street Montezuma, IA.

What is the asking price?

The asking price for this property is $189,000.

What are key features of this property?

This property features: Fully occupied 3‑unit triplex with monthly rent of $2,200; Main level $600 (1BR) and $700 (1BR); Upper level $900 (3BR).; Owner and tenant costs: tenants pay their own utilities; owner pays mowing and snow removal.; Unit updates within last 24 months: main floor kitchen updated in '26; upstairs shower, kitchen floor and paint in '26; new windows and renovated 3rd bedroom in upper unit.

415 E Main Street, Montezuma, IA 50171

MULTI_FAMILY - Montezuma, IA

Property Features for 415 E Main Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

FAQs