Welcome to 1115 M Ave a great investment opportunity to secure a well maintained duplex in a friendly, established neighborhood in Nevada. This charming rental offers a spacious 2 bedroom and 1 bath on each side, complete with an open living area and kitchen.
The structure suffered damage after a fire at the adjacent garage and will need repairs for occupancy but is allowed to be repaired/rebuilt. This is a great opportunity to rebuild and create equity and solid cash flow.
Sold for $50,000
$50,000
1115 M Ave, Nevada, IA 50201
--beds
0baths
1,196sqft
Duplex, Multi Family
Built in 1948
-- sqft lot
$52,500 Zestimate®
$42/sqft
$884 Estimated rent
Home value
$52,500
$47,000 - $59,000
$884/mo
Zestimate® history
Owner options
List your home for rent
$884/mo
Rent Zestimate®
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$884/mo
Rent Zestimate®
Refinance and save
$264/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$264/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Betts Team,
RE/MAX REAL ESTATE CENTER
Bought with:
Betts Team, B67497
RE/MAX REAL ESTATE CENTER
Source: CIBR,MLS#: 66629
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Features
- Basement: Partial
Interior area
- Total structure area: 1,196
- Total interior livable area: 1,196 sqft
Property
Lot
- Size: 5,227 sqft
- Dimensions: 90.00 x 60.00
Details
- Parcel number: 1106495290
- Zoning: Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Other
- Foundation: Tile
Condition
- Year built: 1948
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Nevada
Price history
| Date | Event | Price |
|---|---|---|
| 3/21/2025 | Sold | $50,000-9.1%$42/sqft |
Source:  CIBR #66629 Report a problem | ||
| 3/3/2025 | Pending sale | $55,000$46/sqft |
Source:  DMMLS #712388 Report a problem | ||
| 2/26/2025 | Listed for sale | $55,000-3.5%$46/sqft |
Source: CIBR #66629 Report a problem | ||
| 9/14/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/28/2023 | Listed for rent | $850$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/28/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 6/14/2022 | Listed for rent | $850$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/15/2015 | Listing removed | $57,000$48/sqft |
Source: RE/MAX Real Estate Concepts #41547 Report a problem | ||
| 9/10/2015 | Price change | $57,000-20.8%$48/sqft |
Source: RE/MAX Real Estate Concepts #41547 Report a problem | ||
| 4/25/2015 | Price change | $72,000-15.3%$60/sqft |
Source: RE/MAX Real Estate Concepts #41547 Report a problem | ||
| 1/13/2015 | Listed for sale | $85,000+88.9%$71/sqft |
Source: Remax Real Estate Concepts-Nevada #41547 Report a problem | ||
| 6/26/2009 | Sold | $45,000$38/sqft |
Source: CIBR #27504 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,156 +2.5% | $89,400 -31.2% |
| 2024 | $2,104 -0.3% | $130,000 |
| 2023 | $2,110 +1% | $130,000 +21.3% |
| 2022 | $2,090 +2.8% | $107,200 |
| 2021 | $2,034 +2.9% | $107,200 +8.8% |
| 2020 | $1,977 -3.6% | $98,500 |
| 2019 | $2,051 +10.8% | $98,500 +5.8% |
| 2018 | $1,850 +0% | $93,100 |
| 2017 | $1,850 +2.4% | $93,100 +10.3% |
| 2016 | $1,806 | $84,400 |
| 2015 | $1,806 +6.2% | $84,400 +5.2% |
| 2014 | $1,700 | $80,200 |
| 2013 | -- | $80,200 -2.7% |
| 2012 | -- | $82,400 |
| 2011 | $1,512 -0.7% | $82,400 -0.1% |
| 2010 | $1,522 +2.3% | $82,500 |
| 2009 | $1,488 +22% | $82,500 |
| 2006 | $1,220 -5.1% | -- |
| 2005 | $1,286 +9.5% | -- |
| 2004 | $1,174 -5.5% | $78,900 |
| 2003 | $1,242 -13.1% | -- |
| 2002 | $1,429 -5% | $41,176 -3.6% |
| 2001 | $1,504 | $42,705 |
Find assessor info on the county website
Neighborhood: 50201
Nearby schools
GreatSchools rating
- 8/10Central Elementary SchoolGrades: PK-4Distance: 0.3 mi
- 8/10Nevada Middle SchoolGrades: 5-8Distance: 0.3 mi
- 5/10Nevada High SchoolGrades: 9-12Distance: 0.4 mi
Sell for more on Zillow
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$52,500
2% more
+$1,050
With Zillow Showcase(estimated)
$53,550
- Iowa
- Story County
- Nevada
- 50201
- 1115 M Ave
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