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Quadplex Property With Basement Units

811 G Avenue, Grundy Center, IA 50638

For Sale
$175,000

Residential Income, Grundy Center, IA

Property SizeContact for details
Lot Size0.16 Acres
Days on Market183

Property Features for 811 G Avenue

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning R-3
Parking features On Street
Basement Finished
Elementary school Grundy Center
Middle school Grundy Center
High school Grundy Center
Standard status Active
APN 871712262008
Lot size 0.16 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description GRUNDY CENTER, ORIGINAL PLAT, BLK 24 E 15' OF LOT 6, W 1/2 OF LOT 7 & W 8' OF S 100' OF E 1/2 LOT 7
Tax Annual Amount 1866
Legal Description GRUNDY CENTER, ORIGINAL PLAT, BLK 24 E 15' OF LOT 6, W 1/2 OF LOT 7 & W 8' OF S 100' OF E 1/2 LOT 7

Utilities

Sewer type Public Sewer
Heating system Baseboard, Electric (Heating)
Cooling system Ceiling Fan(s), Window Unit(s), Electric
Water source Public

Building Details

Year built 1920
Floors in Building 2
Number of units 4
Building materials Vinyl Siding
Roof type Asphalt
Buildings 1
Listing Agency: RE/MAX Concepts - Cedar Falls · RE/MAX International
Listed By: Amanda Sager · License IA #69851000
Added: May 16 Changed: Oct 26 Last Checked: Nov 14 at 2:06AM
MLS# 20262864

Copyright © 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

Built in 1920, this R-3 property is presently arranged as a duplex with two separate living areas. One side includes two bedrooms, one and a half bathrooms, and an office; the other offers two bedrooms and one bathroom. Hardwood floors and original built-in cabinetry remain throughout the primary living spaces. Two additional apartment areas are located in the basement and require renovation. The layout can also be reconfigured into a single-family residence, providing flexibility for an owner seeking a unified home rather than separate units.

The property occupies 0.16 acres at 811 G Avenue in Grundy Center, near downtown amenities. Public water and public sewer serve the property. Exterior features include vinyl siding, an asphalt roof, electric baseboard heating, and electric cooling supplemented by ceiling fans and window units. Parking is available on the street.

Key Highlights

  • R‑3 zoning on a 0.16‑acre parcel
  • Currently arranged as a duplex with two‑bedroom units
  • Two basement apartment areas require renovation

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

299
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?
Quadplex - Existing two-unit arrangement includes separate floor plans, hardwood floors, original built-ins, and unfinished apartment areas below grade.
Where is this quadplex 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: R‑3 zoning on a 0.16‑acre parcel; Currently arranged as a duplex with two‑bedroom units; Two basement apartment areas require renovation
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