Updated Triplex With Versatile Unit
For Sale
$315,000
541 Mill Street, Council Bluffs, IA 51503
Three occupied units offer two-bedroom, one-bedroom, and studio layouts with one bathroom each.
Property SizeContact for details
Days on Market160
Property Features for 541 Mill Street
General Information
Standard status
Active
Total Parking Spaces
3
Property subtype
Multi Family Home
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA, 1 x studio/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,024
Building Details
Year Built
1900
Units
3
Listing Agency:
Real Broker NE, LLC
(402) 651-3055
Listed By:
Cristina Luckey · License #20230038
(402) 651-3055
Source:
Burrowstracts
Added: Mar 5
Changed: Aug 9
Last Checked: Aug 11 at 1:19PM
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 Real Broker NE, LLC
Investment Insights
Based on property information with market context.
Located at 541 Mill Street in Council Bluffs, Iowa, this triplex conversion was built in 1900 and has undergone extensive updates. Improvements include new windows, roof, siding, electrical, plumbing, and HVAC equipment. Each unit also has an updated kitchen and bathroom with modern finishes.
The property contains three occupied residences: one two-bedroom, one-bath unit; one one-bedroom, one-bath unit; and one studio with one bathroom. FHA approval is in place, providing an additional financing consideration for qualified buyers. The property is offered as a three-unit residential asset with completed improvements and varied layouts.
The property contains three occupied residences: one two-bedroom, one-bath unit; one one-bedroom, one-bath unit; and one studio with one bathroom. FHA approval is in place, providing an additional financing consideration for qualified buyers. The property is offered as a three-unit residential asset with completed improvements and varied layouts.
Key Highlights
- Three‑unit triplex conversion with all units currently occupied
- Unit mix includes 2‑bedroom/1‑bath, 1‑bedroom/1‑bath, and studio/1‑bath residences
- Recent upgrades include windows, roof, siding, electrical, plumbing, and HVAC
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,184
Businesses Nearby
Explore this area
Business Placement
Demographics for 51503, IA
37,330
Population
16,154
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
94%
High-School Grad
121.7 sq mi
ZIP Area
307
Density / Sq Mi
$76,064
Median Household Income
$46,986
Median Earnings
$964
Median Rent
$252,600
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?
Triplex - Three occupied units offer two-bedroom, one-bedroom, and studio layouts with one bathroom each.
Where is this triplex located?
The property is located at 541 Mill Street Council Bluffs, IA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Three‑unit triplex conversion with all units currently occupied; Unit mix includes 2‑bedroom/1‑bath, 1‑bedroom/1‑bath, and studio/1‑bath residences; Recent upgrades include windows, roof, siding, electrical, plumbing, and HVAC
