Well maintained four-plex with great occupancy rate. $2325/month rental income. Each apartment has 2 bedrooms, 1 bath, living room and kitchen. Coin-operated washer/dryer on site. Off street parking. Great location close to schools. Landlord pays gas heat, lawn care and snow removal. Tenants pay electric, water, sewer and garbage.
Pending
$249,500
1612 2nd St SW, Independence, IA 50644
8beds
4baths
3,136sqft
Quadruplex
Built in 1981
-- sqft lot
$-- Zestimate®
$80/sqft
$-- HOA
What's special
- 12 hours
- 7
- 3
Zillow last checked:
Listing updated:
Listed by:
James E Hughes 319-440-6649,
RE/MAX Independence Realty
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20265294
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard, Steam
Cooling
- Window Unit(s)
Appliances
- Laundry: Laundry Room, Lower Level
Features
- Basement: Interior Entry
Interior area
- Total structure area: 3,136
- Total interior livable area: 3,136 sqft
- Finished area above ground: 1,568
- Finished area below ground: 1,568
Property
Parking
- Total spaces: 8
- Parking features: Gravel, Over 1 Space, Parking Pad, None
- Uncovered spaces: 8
Features
- Patio & porch: Deck
Lot
- Size: 0.25 Acres
- Dimensions: 85x130
Details
- Parcel number: 105277008
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Brk Accent, Vinyl Siding
- Roof: Asphalt
Condition
- Year built: 1981
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Paid by Individual, Elec Individual Meters, Garbage Pd by Individual, Water - Multiple Meters
Community & HOA
Location
- Region: Independence
Financial & listing details
- Price per square foot: $80/sqft
- Tax assessed value: $173,240
- Annual tax amount: $3,237
- Date on market: 10/29/2026
- Tenant pays: Electricity, Trash Collection, Water
- Road surface type: Hard Surface Road
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/29/2026 | Pending sale | $249,500$80/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20265294 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,220 +3% | $173,240 +7.7% |
| 2024 | $3,126 +23.6% | $160,780 |
| 2023 | $2,530 -12.5% | $160,780 +37.9% |
| 2022 | $2,890 -8.9% | $116,600 |
| 2021 | $3,172 -6.8% | $116,600 |
| 2020 | $3,404 -3.8% | $116,600 |
| 2019 | $3,538 -2.9% | $116,600 |
| 2018 | $3,644 | $116,600 |
| 2017 | $3,644 -4.4% | $116,600 +4.6% |
| 2016 | $3,810 | $111,460 |
| 2015 | $3,810 -5.8% | $111,460 |
| 2014 | $4,046 | $111,460 |
| 2013 | -- | $111,460 -6% |
| 2010 | -- | $118,570 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 50644
Nearby schools
Schools provided by the listing agent
- Elementary: Independence
- Middle: Independence
- High: Independence
Source: Northeast Iowa Regional BOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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