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Three-Unit Multifamily Property
New
For Sale
$110,000

508 N Iowa Ave, Washington, IA 52353

Residential, Washington, IA

Property SizeContact for details
Days on Market2

Property Features for 508 N Iowa Ave

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Full bathrooms 3
Rooms Bathroom 2, Bathroom 3, Bathroom 1
Parking 1
Parking features On Street, Garage
Patio and Porch features Porch
Exterior features FrontPorch
Appliances RangeOrOven, Refrigerator
Elementary school Washington
Middle school Washington
Directions North of Iowa Ave. from main square. Head north, go a few blocks until you reach the 500 block. House on right side.
Subdivision WashingtonArea
Standard status Active
APN 1117181003

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2300

Utilities

Heating system Forced Air, Baseboard, Electric (Heating)

Building Details

Year built 1900
Floors in Building 2
Flooring type Carpet
Building materials Wood, Frame
Architectural style Other
Listing Agency: Century 21 Trinity
Listed By: Patty Elliott
Added: Sep 2 Last Checked: Sep 3 at 10:06AM
MLS# 202605331

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.

Investment Insights

Based on property information with market context.

This three-unit multifamily property in Washington, Iowa, includes one two-bedroom residence and two one-bedroom residences, each with one bathroom. Unit 1 also features a large three-season porch. Heating is provided by electric forced air in Units 1 and 2, while Unit 3 uses electric baseboard heat. The property includes a range, refrigerator, carpeted flooring, wood-frame construction, a garage, and on-street parking.

Built in 1900 and zoned Residential, the property is located at 508 N Iowa Ave near downtown Washington. The residences are occupied by long-term renters, and showings require 24-hour notice. A front porch adds exterior amenity space, while the three-unit configuration supports a varied residential layout within one property.

Key Highlights

  • Three‑unit multifamily property with one two‑bedroom unit and two one‑bedroom units
  • Each residence includes one bathroom
  • Unit 1 has a large three‑seasons porch

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick HVAC Service Skin Care Clinic Bakery (Bike/Boat/Book/etc) Store Real Estate Agency 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

3
Residential units

Location Intelligence

Trade Area within ½ mile

520
Businesses Nearby

Demographics for 52353, IA

9,416
Population
3,995
Households
2.4
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
157.4 sq mi
ZIP Area
60
Density / Sq Mi
$63,232
Median Household Income
$36,062
Median Earnings
$912
Median Rent
$155,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Three residential units provide a practical mix of two-bedroom and one-bedroom layouts.
Where is this multifamily property located?
The property is located at 508 N Iowa Ave Washington, IA.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: Three‑unit multifamily property with one two‑bedroom unit and two one‑bedroom units; Each residence includes one bathroom; Unit 1 has a large three‑seasons porch
More about this property
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