For sale

$60,000

1511 5th St, Boone, IA 50036

2beds

840sqft

N/A

Get pre-qualified

Single Family Residence

Built in 1884

-- sqft lot

$-- Zestimate^®

$71/sqft

$-- HOA

What's special

INVESTOR PORTFOLIO OPPORTUNITY! Three occupied rental properties in Boone offered together for $220,000. The portfolio includes 1511 5th St, 422 8th St, and 1415 5th St. All three homes are currently occupied and feature 2 bedrooms and 1 bathroom. Combined rental income is $2,350/month, providing a strong 12.8% gross rent to purchase price ratio before expenses. A great opportunity for an investor looking to acquire multiple income producing properties in one transaction. All three properties are being sold AS IS. Please do not disturb tenants. Showings require appropriate notice.

26 days
478
20

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bedrooms: 2

Heating

Forced Air, Gas, Natural Gas

Cooling

Central Air

Appliances

Included: Dryer, Refrigerator, Stove, Washer

Features

Basement: Unfinished

Interior area

Total structure area: 840
Total interior livable area: 840 sqft

Property

Parking

Total spaces: 1
Parking features: Carport, Detached, Garage, One Car Garage
Garage spaces: 1
Has carport: Yes

Features

Stories: 1

Details

Parcel number: 088426272282105
Zoning: Res

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Asbestos, Wood Siding
Foundation: Brick/Mortar
Roof: Asphalt,Shingle

Condition

Resale
New construction: No
Year built: 1884

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Boone

Financial & listing details

Price per square foot: $71/sqft
Tax assessed value: $90,990
Annual tax amount: $1,575
Date on market: 9/9/2026
Listing terms: Cash,Conventional
Road surface type: Concrete

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/9/2026	Listed for sale	$60,000+84.6%$71/sqft
Source: DMMLS #748920 Report a problem
5/9/2016	Sold	$32,500+75.7%$39/sqft
Source: CIBR #44371 Report a problem
5/18/2005	Sold	$18,500$22/sqft
Source: CIBR #18970 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,100 +3.8%	$90,990 +52.3%
2024	$1,060 +24.4%	$59,726
2023	$852 -3.8%	$59,726 +46.4%
2022	$886 -15.6%	$40,792
2021	$1,050 +2.1%	$40,792 -9.4%
2020	$1,028 +5.1%	$45,048
2019	$978 +11.9%	$45,048 +9%
2018	$874 -10.1%	$41,327 +11.7%
2017	$972 +14.4%	$36,984
2016	$850	$36,984
2015	$850	$36,984