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    Spacious Four Bedroom Townhome Title is generated by Realmo AI

    798B Wilson Street Unit B, Traer, IA 50675

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    Pending
    $247,000

    MULTI_FAMILY - Traer, IA

    Property size:
    2,914 SF
    Lot size:
    0.23 Acres
    Added:
    Jan 24, 2026
    Days on Market:
    127
    Last Refresh:
    May 31 at 12:06 am

    Property Features for 798B Wilson Street Unit B

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bedroom 3, Bathroom 2, Bedroom 1, Family Room, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 3, Dining Room
    Basement
    Walk-Out Access
    Appliances
    Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
    Standard status
    Pending
    APN
    0710303013-340
    Size
    2,914 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PCL 'B' LYG In LOT 51 Prairie West 5th
    Tax Annual Amount
    4416

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2006
    Flooring type
    Carpet, Vinyl
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Kristie Wetjen

    Listing agent Kristie Wetjen

    Listing office Watts Group Realty IA

    Listing date Jan 24, 2026

    MLS# 6335102 Listing URL

    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

    • HOA covers lawn care and snow removal for easy living
    • Spacious 4‑bedroom townhome with walk‑out lower level
    • Main floor master ensuite with walk‑in closet
    • Open floor plan with kitchen open to dining and living room
    • Enjoy the sunroom leading to raised deck, lower patio, and backyard with no neighbors behind
    • Main floor laundry

    Overview

    This spacious four-bedroom townhome offers easy living on a quiet street. The open floor plan features a kitchen that opens to the dining and living room. A sunroom off the dining area provides access to a raised deck, with steps leading to a lower patio and backyard. The main floor master ensuite is sunny and includes a walk-in closet with ample storage. The main floor also features a second bedroom or office, a full bath, and laundry facilities. The walk-out lower level includes a large family room, a full bath, two large bedrooms, and multiple storage areas. The mechanical room is located on the lower level. The property includes a yard with no neighbors behind. The Homeowner's Association provides lawn care and snow removal. The property is located in Traer, Iowa, in Tama County. The lot size is 0.226 acres, and the property size is 2914 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Traer
    County
    Tama
    State
    Iowa
    Longitude
    -92.474673
    Latitude
    42.187723

    Nearby Similar for Sale

    • $120,000

      Mixed-Use Building in Downtown Traer

      Versatile commercial space with apartment in prime location.
      542 2Nd Street, Traer, IA 50675
      View Details
    • $49,500
      1,760 SF

      Downtown Traer Office/Retail Space

      1,760 sqft office/retail space with attached garage in downtown Traer.
      540 2nd Street, Traer, IA 50675
      View Details

    FAQs

    What type of property is this?
    Single family property - Four-bedroom townhome with open floor plan and walk-out lower level.
    Where is this single family property located?
    The property is located at 798B Wilson Street Unit B Traer, IA.
    What is the asking price?
    The asking price for this property is $247,000.
    What are key features of this property?
    This property features: HOA covers lawn care and snow removal for easy living; Spacious 4‑bedroom townhome with walk‑out lower level; Main floor master ensuite with walk‑in closet
    (319) 330-0230
    We can help!
    Listing Contact
    Kristie Wetjen
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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