It is always nice to have options and this duplex located in uptown Madrid has lots of options. Live upstairs and rent the lower unit out. The lower unit could be rented as an apartment or for retail space. Always nice to have someone else helping make the payment! The property also has a vacant lot on the East side that has lots of potential. The upper unit has two large bedrooms, full bath with laundry hookups and nice kitchen that opens to a good sized living room. The lower unit has three bedrooms, full bath, kitchen living room and laundry utility room. The lower unit could be remodeled to have retail space in the front and a efficiency apartment in the back. Seller is offering flooring allowance for lower unit. Don't miss your chance to own this money maker! Call today!
Sold for $170,000
$170,000
136 W 2nd St, Madrid, IA 50156
5beds
3,024sqft
Single Family Residence, Residential
Built in 1950
8,712 Square Feet Lot
$271,500 Zestimate®
$56/sqft
$2,107 Estimated rent
Home value
$271,500
$242,000 - $301,000
$2,107/mo
Zestimate® history
Owner options
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Rent Zestimate®
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$1,176/mo
Est. payment
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List your homeWhat's special
Retail spaceLaundry hookupsNice kitchenLaundry utility roomEfficiency apartment
Zillow last checked:
Listing updated:
Listed by:
Don Lincoln 515-432-5650,
Nerem & Associates
Bought with:
NON- MEMBER
CENTRAL IOWA BOARD OF REALTORS
Source: CIBR,MLS#: 62734
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Microwave, Range, Refrigerator, Washer
- Laundry: Main Level
Features
- Flooring: Vinyl, Laminate, Carpet
- Basement: None
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total structure area: 3,024
- Total interior livable area: 3,024 sqft
- Finished area above ground: 1,392
Property
Lot
- Size: 8,712 sqft
- Dimensions: 64.50 x 132
- Features: Level
Details
- Parcel number: 088226361286063
- Zoning: residential
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Brick
- Foundation: Slab
Condition
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Madrid
Other
Other facts
- Road surface type: Hard Surface
Price history
| Date | Event | Price |
|---|---|---|
| 9/13/2023 | Sold | $170,000-5.6%$56/sqft |
Source:  CIBR #62734 Report a problem | ||
| 7/31/2023 | Pending sale | $180,000$60/sqft |
Source:  DMMLS #677935 Report a problem | ||
| 7/19/2023 | Price change | $180,000-2.7%$60/sqft |
Source: CIBR #62734 Report a problem | ||
| 7/9/2023 | Listed for sale | $184,999-2.6%$61/sqft |
Source: CIBR #62734 Report a problem | ||
| 7/2/2022 | Listing removed | -- |
Source: CIBR #59909 Report a problem | ||
| 4/23/2022 | Listed for sale | $190,000$63/sqft |
Source: CIBR #59909 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
- 7/10Madrid Elementary SchoolGrades: K-5Distance: 0.1 mi
- 7/10Madrid Junior High SchoolGrades: 6-8Distance: 0.7 mi
- 8/10Madrid High SchoolGrades: 9-12Distance: 0.7 mi
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$271,500
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+$5,430
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$276,930
- Iowa
- Boone County
- Madrid
- 50156
- 136 W 2nd St
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