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.
For sale
$300,000
206 W Erie St, Missouri Valley, IA 51555
4beds
4baths
5,000sqft
Multi Family
Built in 1904
-- sqft lot
$-- Zestimate®
$60/sqft
$-- HOA
What's special
Modern updatesFour remodeled one-bedroom apartments
- 105 days
- 170
- 2
Zillow last checked:
Listing updated:
Listed by:
The Cook Team,
NextHome In The Bluffs,
Jennifer Cook 402-290-9112,
NextHome In The Bluffs
Source: SWIAR,MLS#: 26-990
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Has Heating (Unspecified Type)
Appliances
- Included: Refrigerator, Range, Washer, Dryer
Interior area
- Total structure area: 5,000
- Total interior livable area: 5,000 sqft
Property
Lot
- Size: 4,800 Square Feet
- Dimensions: 80 x 60
Details
- Parcel number: 603002459800000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Flat
Condition
- Year built: 1904
Community & HOA
Location
- Region: Missouri Valley
Financial & listing details
- Price per square foot: $60/sqft
- Date on market: 5/22/2026
- Listing terms: Contract,Conventional
- Tenant pays: Trash Collection
Estimated market value
Not available
Estimated sales range
Not available
$1,307/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Pending sale | $300,000$60/sqft |
Source: | ||
| 5/22/2026 | Listed for sale | $300,000$60/sqft |
Source: SWIAR #26-990 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 51555
Nearby schools
Schools provided by the listing agent
- Elementary: Missouri Valley
- Middle: Missouri Valley
- High: Missouri Valley
Source: SWIAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




