208 2Nd St Oelwein, IA 50662
This exceptional investment opportunity presents a well-maintained duplex located at 208 2nd St SE in Oelwein, Iowa, 50662. Listed at $103,500, this property offers significant income potential. The duplex features a generous layout, with each unit boasting four bedrooms and two bathrooms. Each unit is thoughtfully designed with one bedroom on the lower level and three bedrooms upstairs, providing comfortable living spaces for tenants. A key advantage is the inclusion of individual garage spaces for each unit, a highly desirable amenity for renters. Recent updates have been completed, and the property has successfully passed city inspection, ensuring peace of mind for the new owner. Its convenient location near downtown Oelwein adds to its appeal. This property is a strong contender for investors seeking a stable and profitable addition to their portfolio. The property is classified as Hospitality and Land, and is zoned Commercial. This is a turnkey opportunity
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.