704 8th Avenue N, Clear Lake, IA 50428
- Added:
- Mar 20, 2026
- Days on Market:
- 87
- Last Refresh:
- Jun 14 at 7:06 am
Property Features for 704 8th Avenue N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
- Parking features
- Garage - Detached
- Fireplace
- 1
- Basement
- Partial
- Standard status
- Active Under Contract
- APN
- 051248300600
- Size
- 1,456 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- L 6 EXC E 11' BLK 13 RAILROAD ADD
- Tax Annual Amount
- 2406
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1910
- Building materials
- Vinyl Siding
Listing agent Diana Symonds License #B41607000 (641) 529-0082
Listing office Lakeside Brokers 421 Main Avenue, Clear Lake, IA (641) 357-5114
Listing date Mar 20, 2026
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.
HighLights
- Well‑maintained duplex conveniently located blocks from downtown.
- Each unit features two bedrooms, a full bath, and a half bath.
- Separate basements, furnaces, central air units, electrical panels, and washer/dryers for each unit.
- Detached double garage with divided wall, providing each tenant with a dedicated garage stall.
- East unit features a newer furnace and central air unit.
- Ideal for investors seeking a manageable property.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.7k | $12.84 |
| − Vacancy | −$940 | −$0.65 |
| EGI | $17.8k | $12.19 |
| − OpEx | −$5.3k | −$3.66 |
| NOI | $12.4k | $8.54 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Clear Lake
- County
- Cerro Gordo
- State
- Iowa
- Longitude
- -93.379552
- Latitude
- 43.142012
