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Two-Unit Duplex with Detached Garages
For Sale
$249,900

611 W Madison Street, Knoxville, IA 50138

Separate water, electric, and gas meters let occupants manage their own utility accounts.

Property Size2,080 SF
Price / SF$120.14
Days on Market27

Property Features for 611 W Madison Street

General Information

Standard status Active
Size 2,080 SF
Property subtype Duplex

Units

Unit Mix 1 x 2BR/1.5BA, 1 x 3BR/2BA
Multifamily Units 2
Individually Metered Utilities water, electricity, gas

Building Details

Year Built 1973
Listing Agency: GoSynergy Realty
Listed By: Lindsay Prothero
Source: Prometrorealty
Added: Oct 7 Changed: Nov 1 Last Checked: Nov 1 at 3:37PM

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 GoSynergy Realty

Rey
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Investment Insights

Based on property information with market context.

This 2,080-square-foot duplex contains two units with distinct bedroom and bath configurations. One has 2 bedrooms and 1.5 bathrooms; the other offers 3 bedrooms and 2 bathrooms. A detached garage serves each unit, providing space for parking and storage. Built in 1973, the property also has separate water, electric, and gas meters, allowing utilities to be billed independently to each household.

The duplex is located at 611 W Madison Street in Knoxville, Iowa.

Key Highlights

  • 2,080‑square‑foot duplex built in 1973
  • Two‑bedroom unit with 1.5 bathrooms and three‑bedroom unit with 2 bathrooms
  • A detached garage accompanies each unit for parking and storage

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

547
Businesses Nearby

Demographics for 50138, IA

11,631
Population
5,181
Households
2.2
Avg Household Size
43
Median Age
28%
College-Educated
94%
High-School Grad
168.1 sq mi
ZIP Area
69
Density / Sq Mi
$76,887
Median Household Income
$46,580
Median Earnings
$815
Median Rent
$169,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Separate water, electric, and gas meters let occupants manage their own utility accounts.
Where is this duplex located?
The property is located at 611 W Madison Street Knoxville, IA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 2,080‑square‑foot duplex built in 1973; Two‑bedroom unit with 1.5 bathrooms and three‑bedroom unit with 2 bathrooms; A detached garage accompanies each unit for parking and storage
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