For sale

$185,000

215 Cedar St, Story City, IA 50248

--beds

0baths

1,552sqft

$1,381/mo

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Triplex, Multi Family

Built in 1910

-- sqft lot

$180,900 Zestimate^®

$119/sqft

$-- HOA

What's special

Excellent investment opportunity! This 3-level tri-plex offers immediate income with long-term tenants already in place and a proven rental history. The property features three separate units: a 2-bedroom, 1.5-bathroom basement apartment, a 2-bedroom, 1-bathroom main level unit, and a 1-bedroom, 1-bathroom upper-level apartment. Tenants pay all utilities except water, helping keep operating expenses low and maximizing your return. Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this triplex offers reliable cash flow and strong rental potential. Don't miss your chance to own a turnkey investment with established occupancy.

15 days

252

4

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Heating

Forced Air

Cooling

Central Air

Interior area

Total structure area: 1,552
Total interior livable area: 1,552 sqft

Property

Lot

Size: 0.26 Acres

Details

Parcel number: 0112350180
Zoning: R (MR R3+)

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex, Multi Family

Condition

Year built: 1910

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Story City

Financial & listing details

Price per square foot: $119/sqft
Tax assessed value: $151,500
Annual tax amount: $2,138
Date on market: 7/14/2026

Estimated market value

$180,900

$172,000 - $190,000

$1,159/mo

Price history

Date	Event	Price
7/14/2026	Listed for sale	$185,000+137.2%$119/sqft
Source: CIBR #70720 Report a problem
4/4/2016	Sold	$78,000-12.8%$50/sqft
Source: CIBR #43758 Report a problem
12/9/2015	Listed for sale	$89,500-11.4%$58/sqft
Source: RE/MAX REAL ESTATE CENTER #43758 Report a problem
8/13/2013	Listing removed	$101,000$65/sqft
Source: NORSEMEN REALTY #37984 Report a problem
3/5/2013	Listed for sale	$101,000$65/sqft
Source: NORSEMEN REALTY #37230 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,138 +3.4%	$151,500 +4.8%
2024	$2,068 +15.9%	$144,500
2023	$1,784 -13%	$144,500 +39.2%
2022	$2,050 -4.1%	$103,800
2021	$2,138 -5.3%	$103,800
2020	$2,257 +2.7%	$103,800
2019	$2,198 -4.1%	$103,800 +10.9%
2018	$2,292 0%	$93,600
2017	$2,292 +3.2%	$93,600 +7.1%
2016	$2,220	$87,400
2015	$2,220 -7.6%	$87,400
2014	$2,402	$87,400
2013	--	$87,400
2012	--	$87,400 +12.6%
2004	$2,382 +0.8%	$77,644
2003	$2,364 +11.1%	--
2002	$2,128 +1.5%	$66,288 -2.2%
2001	$2,097	$67,800

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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