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Two-Unit Duplex
For Sale
$175,000

811 G Avenue, Grundy Center, IA 50638

Two separate living units sit above basement apartment areas requiring renovation.

Property Size1,326 SF
Days on Market169

Property Features for 811 G Avenue

General Information

Standard status Active
Size 1,326 SF
Property subtype Residential Income
Zoning R-3

Property Condition

Severity Repairs Needed
Evidence two additional apartment areas that need renovation

Units

Unit Mix 1 x 2BR/1.5BA, 1 x 2BR/1BA
Multifamily Units 2

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $1,866

Building Details

Building Size 1,326 SF
Year Built 1920
Stories 2
Units 4
Listing Agency: RE/MAX Concepts - Cedar Falls
Listed By: Amanda Sager · License #69851000
Source: Mainrealty
Added: May 16 Changed: Oct 30 Last Checked: Oct 30 at 3:31PM

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 RE/MAX Concepts - Cedar Falls

Rey
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Investment Insights

Based on property information with market context.

Configured as a duplex, the property has two-bedroom units on both sides. One includes one and a half baths and an office; the other has one bath. Hardwood floors and original built-in features remain in the home, which was built in 1920.

The basement contains two additional apartment areas that require renovation. The property is zoned R-3 and is near downtown Grundy Center.

Key Highlights

  • Two‑bedroom units on both sides of the duplex
  • One unit has 1.5 baths and an office; the other has 1 bath
  • Two basement apartment areas need renovation

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

301
Businesses Nearby

Demographics for 50638, IA

3,411
Population
1,535
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
97%
High-School Grad
94.0 sq mi
ZIP Area
36
Density / Sq Mi
$79,500
Median Household Income
$47,214
Median Earnings
$681
Median Rent
$181,000
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 - Two separate living units sit above basement apartment areas requiring renovation.
Where is this duplex located?
The property is located at 811 G Avenue Grundy Center, IA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two‑bedroom units on both sides of the duplex; One unit has 1.5 baths and an office; the other has 1 bath; Two basement apartment areas need renovation
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