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Quadplex with Paved Parking
For Sale
$245,000

713 Avenue E, Fort Madison, IA 52627

Brick four-unit property offering one two-bedroom residence and three one-bedroom residences near historic downtown.

Property Size3,943 SF
Price / SF$62.14
Days on Market18

Property Features for 713 Avenue E

General Information

Standard status Active
Size 3,943 SF
Property subtype Residential Income

Units

Unit Mix 1 x 2BR, 3 x 1BR
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $1,662

Building Details

Building Size 3,943 SF
Year Built 1880
Buildings 1
Stories 2
Units 4
Construction brick
Listing Agency: Midwest Realty Group
Listed By: Barbara Asay
Source: Sweeneyrealestate
Added: Aug 14 Changed: Aug 31 Last Checked: Aug 31 at 12:48AM

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 Midwest Realty Group

Investment Insights

Based on property information with market context.

This four-unit residential property contains one two-bedroom unit and three one-bedroom units within a 3,943-square-foot building. Constructed in 1880, the structure features a brick exterior, detailed trim, and updated windows. Paved off-street parking serves the property, and additional updates have been completed throughout the building.

Located near historic downtown in Fort Madison, the property combines a defined unit mix with established physical improvements. Its four-residence layout provides a straightforward multifamily configuration for continued ownership and operation.

Key Highlights

  • Four‑unit property with one 2‑bedroom unit and three 1‑bedroom units
  • 3,943 square feet of building area
  • Constructed in 1880

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service (Bike/Boat/Book/etc) Store Storage Facility Daycare Center Electrical Service

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

428
Businesses Nearby

Demographics for 52627, IA

12,350
Population
6,134
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
95%
High-School Grad
63.9 sq mi
ZIP Area
193
Density / Sq Mi
$54,864
Median Household Income
$39,058
Median Earnings
$830
Median Rent
$111,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Quadplex - Brick four-unit property offering one two-bedroom residence and three one-bedroom residences near historic downtown.
Where is this quadplex located?
The property is located at 713 Avenue E Fort Madison, IA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Four‑unit property with one 2‑bedroom unit and three 1‑bedroom units; 3,943 square feet of building area; Constructed in 1880
More about this property
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