For sale

$300,000

206 E Erie St, Missouri Valley, IA 51555

--beds

--baths

--sqft

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Multi Family

Built in 1904

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Modern updatesFour remodeled one-bedroom apartments

Downtown Missouri Valley mixed-use investment opportunity! This property features approximately 2,500 sq. ft. of commercial frontage space on the main level and four remodeled one-bedroom apartments upstairs. All apartment units are leased and occupied, providing immediate rental income. Renovated in 2022, each unit includes all appliances, including washers and dryers. The commercial space offers excellent visibility and value-add potential, creating an opportunity to increase cash flow. A turnkey investment with stable income, modern updates, and room for future growth in a prime downtown location.

58 days

95

1

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Facts & features

Interior

Heating

Electric, Forced Air, Other

Features

Has basement: Yes
Has fireplace: No

Property

Parking

Total spaces: 10
Covered spaces: 10

Features

Fencing: None

Lot

Size: 4,800 Square Feet
Dimensions: 80 x 60
Features: Up to 1/4 Acre.

Details

Parcel number: 603002459800000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Foundation: Brick/Mortar

Condition

Not New and NOT a Model
New construction: No
Year built: 1904

Utilities & green energy

Water: Public

Community & HOA

Community

Subdivision: MV

HOA

Has HOA: No

Location

Region: Missouri Valley

Financial & listing details

Tax assessed value: $25,014
Annual tax amount: $3,578
Date on market: 5/22/2026
Ownership: Fee Simple

Estimated market value

Not available

Estimated sales range

Not available

$836/mo

Price history

Date	Event	Price
5/22/2026	Listed for sale	$300,000+391.8%
Source: GPRMLS #22614258 Report a problem
10/27/2021	Sold	$61,000
Source: SWIAR #20-2091 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2023	$1,258 +2.3%	$25,014 -54.8%
2022	$1,230 +15.4%	$55,329
2021	$1,066 -24.8%	$55,329 +20%
2020	$1,418 -23%	$46,114 -27.3%
2019	$1,842 +3.5%	$63,391 -20.1%
2018	$1,780 +2.1%	$79,302
2017	$1,744 -2.8%	$79,302
2016	$1,794	$79,302 +38%
2015	$1,794	$57,465
2014	$1,794 +18.7%	$57,465
2013	$1,512 -47.7%	--
2012	$2,890 -0.1%	--
2011	$2,892 -3.4%	--
2010	$2,994 +13.8%	--
2009	$2,632 +0.5%	--
2008	$2,620 +3.8%	--
2007	$2,524 +8%	--
2005	$2,338	--

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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