Income-Producing Four-Unit Multifamily
For Sale
Contact for pricing
427 E State Street, Centerville, IA 52544
Fully occupied four-unit property with remodeled units and coin laundry.
Property SizeContact for details
Days on Market195
Property Features for 427 E State Street
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
R-3
Building Details
Year Built
1900
Listing Agency:
Remax Pride Inc
Listed By:
Anthony Gevock · License #IA S65948
Source:
Crexi
Added: Feb 3
Changed: Aug 8
Last Checked: Aug 8 at 6:37AM
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 Remax Pride Inc
Investment Insights
Based on property information with market context.
This is a four-unit income-producing property that is fully occupied, generating $2,450 in monthly rent. All four units have been remodeled, enhancing their appeal to renters. The entryway to the four-plex has also been remodeled and features four large storage lockers, along with coin-operated laundry facilities for tenant use. The property consists of two units on the main level and two units on the upper level. Three units are accessible from the inside, while one unit is accessed from the outside. The landlord is responsible for water and gas expenses. The property has four separate electric meters.
Key Highlights
- Completely occupied 4‑unit property generating $2,450 in monthly rent.
- All four units have been remodeled, increasing rentability.
- Remodeled spacious entryway with 4 large storage lockers.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Explore this area
Business Placement
Demographics for 52544, IA
7,481
Population
4,096
Households
1.8
Avg Household Size
44
Median Age
19%
College-Educated
88%
High-School Grad
138.3 sq mi
ZIP Area
54
Density / Sq Mi
$45,257
Median Household Income
$36,792
Median Earnings
$779
Median Rent
$114,100
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?
Quadplex - Fully occupied four-unit property with remodeled units and coin laundry.
Where is this quadplex located?
The property is located at 427 E State Street Centerville, IA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Completely occupied 4‑unit property generating $2,450 in monthly rent.; All four units have been remodeled, increasing rentability.; Remodeled spacious entryway with 4 large storage lockers.
