Opportunity awaits at 1204 5th Street in Nevada, a unique and versatile property offering an incredible amount of space and possibilities in a highly visible location along Lincoln Highway. With nearly 6,800 square feet of finished space amongst all levels, multiple residential units, extensive garage space, and ample concrete parking, this property presents an exciting opportunity for an investor, business owner, or someone looking for a truly one-of-a-kind property.
The expansive main level features a beautiful open wood staircase, accessible restroom, and flexible space that could accommodate a variety of office, retail, or other uses.
Upstairs, the second level features two 2-bedroom apartments, providing an opportunity for rental income while utilizing the main level for another purpose. Both apartments have benefited from significant updates. The second floor also includes a shared laundry area and one unit has access to a rooftop deck.
The property also includes a large finished basement with approximately 1,100 finished square feet, providing even more usable space for storage, operations, recreation, or other needs.
Garage and parking space are another major highlight. The property features an approximately 1,000-square-foot attached garage with three overhead doors, along with an additional 525-square-foot detached garage. Combined with plenty of concrete parking, there is plenty of room for vehicles, equipment, tenants, etc.
For sale
$395,000
1204 5th St, Nevada, IA 50201
4beds
5,797sqft
Single Family Residence, Residential
Built in 1900
0.39 Acres Lot
$376,800 Zestimate®
$68/sqft
$-- HOA
What's special
Shared laundry areaAccessible restroomBeautiful open wood staircaseExtensive garage space
- 35 days
- 526
- 20
Zillow last checked:
Listing updated:
Listed by:
Marc Olson Team 515-382-8620,
RE/MAX Concepts-Nevada
Source: CIBR,MLS#: 71114
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
Bedroom 2
- Level: Upper
Bedroom 3
- Level: Upper
Bedroom 4
- Level: Upper
Full bathroom
- Level: Upper
Full bathroom
- Level: Upper
Half bathroom
- Level: Main
Den
- Level: Main
Den
- Level: Basement
Dining room
- Level: Upper
Great room
- Level: Main
Kitchen
- Level: Upper
Laundry
- Level: Upper
Living room
- Level: Upper
Living room
- Level: Main
Rec room
- Level: Basement
Utility room
- Level: Basement
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Features
- Ceiling Fan(s)
- Flooring: Vinyl, Hardwood, Concrete, Carpet
- Windows: Window Treatments
- Basement: Full,Sump Pump
Interior area
- Total structure area: 5,797
- Total interior livable area: 5,797 sqft
- Finished area below ground: 1,143
Property
Parking
- Parking features: Garage
- Has garage: Yes
Lot
- Size: 0.39 Acres
- Dimensions: 120 x 140
- Features: Level
Details
- Parcel number: 110639040
- Zoning: Res
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Brick
- Foundation: Brick/Mortar, Block
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Nevada
Financial & listing details
- Price per square foot: $68/sqft
- Tax assessed value: $261,500
- Annual tax amount: $3,992
- Date on market: 8/26/2026
- Road surface type: Hard Surface
Estimated market value
$376,800
$358,000 - $396,000
$2,034/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2026 | Listed for sale | $395,000+163.3%$68/sqft |
Source: | ||
| 3/12/2015 | Sold | $150,000-29.9%$26/sqft |
Source: | ||
| 2/21/2015 | Price change | $214,000-2.3%$37/sqft |
Source: The Larson Agency #41260 Report a problem | ||
| 11/13/2014 | Price change | $219,000-25.8%$38/sqft |
Source: The Larson Agency #41260 Report a problem | ||
| 11/7/2014 | Listed for sale | $295,000$51/sqft |
Source: The Larson Agency #41260 Report a problem | ||
| 8/20/2014 | Listing removed | $295,000$51/sqft |
Source: The Larson Agency #40163 Report a problem | ||
| 5/23/2014 | Listed for sale | $295,000+210.9%$51/sqft |
Source: The Larson Agency #40163 Report a problem | ||
| 11/5/2011 | Listing removed | $94,900$16/sqft |
Source: Fjelland Real Estate & Farm Mgmt Ltd #13109 Report a problem | ||
| 10/11/2011 | Price change | $94,900-5%$16/sqft |
Source: RE/MAX REAL ESTATE CENTER #34137 Report a problem | ||
| 9/30/2011 | Price change | $99,900-20.7%$17/sqft |
Source: Fjelland Real Estate & Farm Mgmt Ltd #13109 Report a problem | ||
| 9/15/2011 | Price change | $125,900+403.6%$22/sqft |
Source: Fjelland Real Estate & Farm Mgmt Ltd #13109 Report a problem | ||
| 9/2/2011 | Price change | $25,000-80.1%$4/sqft |
Source: Auction.com Report a problem | ||
| 8/30/2011 | Price change | $125,900+403.6%$22/sqft |
Source: Fjelland Real Estate & Farm Mgmt Ltd #13109 Report a problem | ||
| 8/10/2011 | Price change | $25,000-80.1%$4/sqft |
Source: Auction.com Report a problem | ||
| 7/20/2011 | Price change | $125,900-10%$22/sqft |
Source: Fjelland Real Estate & Farm Mgmt Ltd #13109 Report a problem | ||
| 6/14/2011 | Price change | $139,900+1454.4%$24/sqft |
Source: Fjelland Real Estate & Farm Mgmt Ltd #13109 Report a problem | ||
| 6/9/2011 | Price change | $9,000-93.6%$2/sqft |
Source: Auction.com #C101H17 Report a problem | ||
| 6/4/2011 | Price change | $139,900+1454.4%$24/sqft |
Source: Fjelland Real Estate & Farm Mgmt Ltd #C101H17 Report a problem | ||
| 5/27/2011 | Price change | $9,000-93.6%$2/sqft |
Source: Auction.com #C101H17 Report a problem | ||
| 5/21/2011 | Price change | $139,900+1454.4%$24/sqft |
Source: Fjelland Real Estate & Farm Mgmt Ltd #C101H17 Report a problem | ||
| 4/29/2011 | Price change | $9,000-93.6%$2/sqft |
Source: Auction.com #C101H17 Report a problem | ||
| 1/13/2011 | Price change | $139,900-6.7%$24/sqft |
Source: Fannie Mae #12852 Report a problem | ||
| 11/24/2010 | Price change | $149,900-9.6%$26/sqft |
Source: foreclosure.com Report a problem | ||
| 10/2/2010 | Listed for sale | $165,900-8.8%$29/sqft |
Source: foreclosure.com Report a problem | ||
| 11/13/2007 | Sold | $182,000$31/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,992 +2.5% | $261,500 +8.7% |
| 2024 | $3,894 -2.5% | $240,600 |
| 2023 | $3,994 +1% | $240,600 +18.5% |
| 2022 | $3,956 +2.6% | $203,000 |
| 2021 | $3,854 +2.9% | $203,000 +8.8% |
| 2020 | $3,745 -4% | $186,600 |
| 2019 | $3,902 +107.2% | $186,600 +5.4% |
| 2018 | $1,883 0% | $177,100 |
| 2017 | $1,884 +2.5% | $177,100 +106.2% |
| 2016 | $1,838 | $85,900 |
| 2015 | $1,838 -26.1% | $85,900 +10.1% |
| 2014 | $2,488 | $78,000 -39.8% |
| 2013 | -- | $129,600 +66.2% |
| 2012 | -- | $78,000 -55.8% |
| 2011 | $3,046 -0.5% | $176,500 +0.1% |
| 2010 | $3,060 +4.2% | $176,400 |
| 2009 | $2,938 -61.4% | $176,400 -0.3% |
| 2008 | $7,608 | $176,900 |
Find assessor info on the county website
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