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    Triplex Income Property Title is generated by Realmo AI

    508 N Iowa Ave, Washington, IA 52353

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    For Sale
    $120,000

    MULTI_FAMILY - Other - Washington, IA

    Added:
    Feb 25, 2026
    Days on Market:
    127
    Last Refresh:
    Jul 2 at 3:06 pm

    Property Features for 508 N Iowa Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    Rooms
    Bathroom 2, Bathroom 1, Bathroom 3
    Parking
    1
    Parking features
    Garage, On Street
    Patio and Porch features
    Porch
    Exterior features
    FrontPorch
    Appliances
    RangeOrOven, Refrigerator
    Standard status
    Active
    APN
    1117181003

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2300

    Utilities

    Heating system
    Baseboard, Electric (Heating), Forced Air

    Building Details

    Year built
    1900
    Floors in Building
    2
    Flooring type
    Carpet
    Building materials
    Wood, Frame
    Architectural style
    Other

    We can help!

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    Patty Elliott

    Listing agent Patty Elliott

    Listing office Century 21 Trinity 107 S Marion Ave, Washington, IA

    Listing date Feb 25, 2026

    MLS# 202601418 Listing URL

    Copyright © 2026 Iowa City Area Association 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.

    HighLights

    • Gross yearly income of $23,160 with long‑term renters
    • Owner pays water, approximately $3,024 yearly
    • 3‑unit property: Unit 1 (2BD/1BA) with large three‑seasons porch; Unit 2 (1BD/1BA); Unit 3 (1BD/1BA)
    • Monthly rent details: Unit 1 at $900, Unit 2 at $530, Unit 3 at $500
    • Electric forced air heat in Units 1 and 2; electric baseboard heat in Unit 3
    • Exterior features include front porch; parking available with garage and on‑street

    Overview

    This residential income triplex includes three separate units with independent heating. Unit 1 offers 2 bedrooms and 1 bath, along with a large three-season porch and electric forced air heat, currently rented at $900 per month. Unit 2 features 1 bedroom and 1 bath with electric forced air heat at $530 per month. Unit 3 includes 1 bedroom and 1 bath with electric baseboard heat at $500 per month. Owner-paid water is estimated at approximately $3,024 per year, and the gross yearly income is reported as $23,160.

    Located at 508 N Iowa Ave in Washington, Iowa, the property is described as being close to downtown Washington. The listing notes that a 24-hour notice is required for showings.

    For buyers seeking a straightforward, owner-managed residential income setup, this property provides three individually rented apartments with clearly stated unit layouts and electric heating types. The current rental structure may appeal to investors or owner-operators looking for a manageable, multi-unit configuration within a residential zoning classification. One owner is a licensed Realtor in the state of Iowa, and the property is co-listed with Parnell Davis, Century 21 Trinity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Washington
    State
    Iowa
    Longitude
    -91.691385
    Latitude
    41.303582

    FAQs

    What type of property is this?
    Triplex - Three well-defined units with separate heating systems and established long-term renters near downtown Washington.
    Where is this triplex located?
    The property is located at 508 N Iowa Ave Washington, IA.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: Gross yearly income of $23,160 with long‑term renters; Owner pays water, approximately $3,024 yearly; 3‑unit property: Unit 1 (2BD/1BA) with large three‑seasons porch; Unit 2 (1BD/1BA); Unit 3 (1BD/1BA)
    More about this property
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