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    Property profile & analytics

    624 Palean St Keokuk, IA 52632

    • Commercial real estate
    • 0.14 lot acres
    For Sale
    View listing
    $179,000
    Value Estimation
    Location Intelligence
    Property ID
    US25-0645326
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 624 Palean St

    Year built
    1840
    Lot size
    0.14 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a four-unit multi-family property located at 624 Palean Street in Keokuk, Iowa, situated on a 0.14-acre lot. The property offers a compelling blend of income generation and potential for owner occupancy. The building comprises four units: three two-bedroom, one-bathroom units, and one one-bedroom, one-bathroom unit. All units feature baseboard heating and window air conditioning units. Significant recent renovations have enhanced the property's value and appeal. Improvements include a new roof, new vinyl siding, new windows, and a complete upgrade to the electrical service, with individual meters installed for each unit. Currently, the one-bedroom unit generates a monthly rental income of $500, while the two-bedroom units each command $650 per month. Tenants are responsible for their electricity costs, while the property owner covers trash and water expenses. This property presents a strong cash flow potential with the added benefit of a possible owner-occupied unit. The combination of updated amenities, consistent rental income, and the desirable location in Keokuk makes this an attractive investment for both seasoned and novice real estate investors. The asking price is $179,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Keokuk
    County
    Lee
    State
    Iowa
    Longitude
    -91.39116
    Latitude
    40.3932

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    Similar Nearby for Sale

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    • $125,000
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      Keokuk Mixed-Use Commercial Building

      Prime location, multiple income streams.
      22 5Th St, Keokuk, IA 52632
      View Details
    • $120,000
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      Prime Keokuk Commercial Space

      High-visibility Main Street location, ready for your business.
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    624 Palean St
    Keokuk, IA 52632
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    Realmo Value Estimation

    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.

    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.

    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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