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    Montezuma, IA Triplexes for Sale

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    Fully Occupied Triplex with Separate Meters
    Updated: Jun 30
    Fully Occupied Triplex with Separate Meters

    415 E Main Street, Montezuma, IA 50171

    $189,000
    2,798 sqft 0.20 AC lot
    Fully occupied 3‑unit triplex with monthly rent of $2,200; Main level $600 (1BR) and $700 (1BR); Upper level $900 (3BR).
    Owner and tenant costs: tenants pay their own utilities; owner pays mowing and snow removal.
    Unit updates within last 24 months: main floor kitchen updated in '26; upstairs shower, kitchen floor and paint in '26; new windows and renovated 3rd bedroom in upper unit.
    Each unit has a full bath, kitchen with owner‑owned appliances, its own electric meter, HVAC, and laundry hookups.
    Building has vinyl siding and a metal roof; forced‑air heating; public water; circuit breaker panels and updated windows.
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    Updated Fully Occupied Triplex
    Updated: Jul 1
    Updated Fully Occupied Triplex

    415 E Main St, Montezuma, IA 50171

    $189,000
    2,798 sqft
    2,798‑square‑foot triplex with three occupied units
    Unit mix includes two 1‑bedroom units and one 3‑bedroom upper‑level unit
    Each unit has its own electric meter, HVAC system, full bath, kitchen, and laundry hookups
    Portions of all three units updated within the last 24 months
    Metal roof, vinyl siding, replacement windows, and circuit breaker panels
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Montezuma, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    1604 5th Avenue, Grinnell, IA 50112

    $133,500
    2,435 sqft 0.35 AC lot

    Tri-plex with three separate units and off-street parking on a large lot near downtown Grinnell.

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    Three-Unit Mixed-Use Building
    Three-Unit Mixed-Use Building

    402 Richmond Ave, Ottumwa, IA 52501

    $165,000
    2,200 sqft

    Mixed-use configuration includes apartments, office areas, and a kitchenette within one commercial property.

    View details
    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    1604 5th Avenue, Grinnell, IA 50112

    $133,500
    2,435 sqft

    Vacant three-level property with separate residential units and off-street parking near downtown and Grinnell College.

    View details
    Mixed-Use Building with Office Space
    Mixed-Use Building with Office Space

    402 Richmond Street, Ottumwa, IA 52501

    $165,000
    2,200 sqft

    Mixed-use property combines residential units with a commercial area featuring offices and a kitchenette.

    View details

    Montezuma, IA Triplexes Market Trends and Statistics

    Explore 2 triplexes for sale in Montezuma, IA on our real estate platform. These investment opportunities span a total of 5,596 square feet of properties for sale, with an estimated market value of $378,000.

    Sale prices for three-family homes in Montezuma, IA average $189,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Triplexes 2

    Demographics Overview

    Population 2,445
    Population Growth (5Y) -5.3%
    Median Household Income $55,944
    College Educated 23.7%

    High-Yield Neighborhoods for Investment

    Identify Montezuma submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    50171 $189K

    Taxes & Financing

    Tax Rate (average for all types) 1.74%
    Property Tax per SF $25.50 per SF
    Tax Rate vs County Average 0.45 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Poweshiek County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Poweshiek County

    Residential Income

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