Skip main navigation
Off market
  • Zillow Home logoZestimate®
    $258,400

    136 W 2nd St, Madrid, IA 50156

    5beds
    3baths
    3,024sqft
    MultiFamily
    Built in 1950
    -- sqft lot
    $258,400 Zestimate®
    $85/sqft
    $1,159 Estimated rent

    Home value

    $258,400

    $230,000 - $292,000

    $1,159/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $1,159/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $1,159/mo

    Rent Zestimate®

    Refinance and save

    $1,829/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $1,829/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    Unique opportunity to invest in this fast growing city. Building currently used as a duplex and zoned residential. But may, according to assessor, be re-zoned to commercial on lower level and residential on upper level. Do confirm for your buyers. This could lead to 3 ways to generate income. A store front and in the back taking phone/internet orders while keeping rent coming in from upstairs unit. This would open the world up for possibilities for the new owner for retail, business etc..while still renting out the top floor for extra income. The possibilities are almost endless. Dream with your eyes open and schedule your appointment today. Property also comes with the land to the east for additional parking.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3.75
    Heating
    • Forced air
    Features
    • Flooring: Carpet, Linoleum / Vinyl
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 3,024 sqft

    Property

    Features
    • Exterior features: Brick
    Lot
    • Size: 4,257 Square Feet
    Details
    • Parcel number: 088226361286063

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • brick
    • Foundation: Concrete
    • Roof: Asphalt
    Condition
    • Year built: 1950

    Community & HOA

    Location
    • Region: Madrid

    Financial & listing details

    • Price per square foot: $85/sqft
    • Tax assessed value: $177,060
    • Annual tax amount: $2,750

    Price history

    DateEventPrice
    9/13/2023Sold$170,000-5.6%$56/sqft
    Source: DMMLS #677935 Report a problem
    7/31/2023Pending sale$180,000$60/sqft
    Source: DMMLS #677935 Report a problem
    7/19/2023Price change$180,000-2.7%$60/sqft
    Source: CIBR #62734 Report a problem
    7/9/2023Listed for sale$184,999-2.6%$61/sqft
    Source: CIBR #62734 Report a problem
    7/2/2022Listing removed--
    Source: CIBR #59909 Report a problem
    4/23/2022Listed for sale$190,000$63/sqft
    Source: CIBR #59909 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,750 +3.4%$177,060 +25.5%
    2024$2,660 +5%$141,093
    2023$2,534 $141,093 +23%
    2022$2,534 -1%$114,737
    2021$2,560 +0.2%$114,737 +7.4%
    2020$2,556 +9.6%$106,782 -0.9%
    2019$2,332 -12%$107,799 +14.3%
    2018$2,650 +18.6%$94,279 -14.1%
    2017$2,234 -14.2%$109,707
    2016$2,604 $109,707 -10.8%
    2015$2,604 $123,054
    Find assessor info on the county website

    Neighborhood: 50156

    Nearby schools

    GreatSchools rating
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $258,400
    2% more
    +$5,168
    With Zillow Showcase(estimated)
    $263,568
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $258,400
    2% more
    +$5,168
    With Zillow Showcase(estimated)
    $263,568