Quadplex Property with Attached
For Sale
$375,000
Pending
503 E 1st Street, Carroll, IA 51401
COMMERCIAL - Carroll, IA
Property SizeContact for details
Lot Size0.41 Acres
Days on Market426
Property Features for 503 E 1st Street
General Information
Property type
Commercial Sale
Property subtype
Apartment
Basement
Block
Accessibility
Accessible Elevator Installed
Directions
Prior Twit Funeral Home
Standard status
Pending
APN
0400625276004
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2020
Tax Description
Krause & Kennebecks Addition Block 1 S 115 Ft of Lot 6
Tax Annual Amount
5460
Legal Description
Krause & Kennebecks Addition Block 1 S 115 Ft of Lot 6
Utilities
Heating system
Radiant
Cooling system
Central Air
Water source
Public
Amenities
attached garage
full basement
Building Details
Year built
1920
Number of units
4
Building materials
Frame, Vinyl Siding
Roof type
Rubber
Listing Agency:
Kanne Realty & Associates
(712) 792-2776
Listed By:
Joel Running
(712) 790-4805
Added: Jun 24, 2025
Changed: Aug 19
Last Checked: Aug 23 at 8:06AM
MLS# 6329021
Copyright © 2026 NoCoast MLS. 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 1920-built quadplex property currently contains three apartments, including one that has been updated and is described as move-in ready. The building also includes an attached 2,300-square-foot garage, more than 3,400 square feet of additional space, and a full basement. Frame construction, vinyl siding, a rubber roof, radiant heat, and central air are among the existing improvements. An accessible elevator is installed, and the property is served by public water.
The additional interior area is identified for possible office, apartment, single-family, or combined use. Located in Carroll, Iowa, the property occupies 0.41 acres and provides a residential income configuration with substantial supporting space.
The additional interior area is identified for possible office, apartment, single-family, or combined use. Located in Carroll, Iowa, the property occupies 0.41 acres and provides a residential income configuration with substantial supporting space.
Key Highlights
- Three existing apartments, including one updated unit described as move‑in ready
- Attached 2,300‑square‑foot garage
- More than 3,400 square feet of additional interior space
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Explore this area
Business Placement
Demographics for 51401, IA
12,248
Population
5,576
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
95%
High-School Grad
168.6 sq mi
ZIP Area
73
Density / Sq Mi
$64,458
Median Household Income
$45,938
Median Earnings
$720
Median Rent
$192,100
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 - Three apartments accompany adaptable interior space, a full basement, and an attached garage.
Where is this quadplex located?
The property is located at 503 E 1st Street Carroll, IA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Three existing apartments, including one updated unit described as move‑in ready; Attached 2,300‑square‑foot garage; More than 3,400 square feet of additional interior space
