For sale

$275,000

305 N 2nd St, Council Bluffs, IA 51503

4beds

3baths

3,303sqft

$1,835/mo

Get pre-qualified

Triplex

Built in 1900

-- sqft lot

$270,500 Zestimate^®

$83/sqft

$-- HOA

What's special

Off-street parkingRemodeled upper unitStorage shedFront porchLarge eat-in kitchenGas range and dishwasherSitting room

Well-kept 3-unit investment property with $82,000+ in improvements since 2022: new roof (2025), HVAC (2022), upper windows (2024), mini-split AC (2026) and water heaters. Remodeled upper unit: 2 bed, 1 bath, gas range and dishwasher; currently operates as a furnished mid-term rental on monthly leases, furniture included. Main-level 2 bed, 1 bath with large eat-in kitchen, front porch and a 10+ year tenant. Lower-level studio with breakfast bar, sitting room and large laundry/storage room. Each unit has its own kitchen, bath and laundry. Recently passed city inspection. Rents total $2,880/mo ($34,560/yr); main and lower units are month-to-month. Built c. 1900 on a 0.20-acre lot with 1-car garage, off-street parking and storage shed.

12 days
353
17

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3

Heating

Forced Air

Cooling

Central Air

Appliances

Included: Refrigerator, Range, Dishwasher, Washer, Dryer, Other

Interior area

Total structure area: 3,303
Total interior livable area: 3,303 sqft

Property

Lot

Dimensions: 52.5 x 168 x 51 x 168.5

Details

Parcel number: 7544 25 407 006

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Roof: Composition

Condition

Year built: 1900

Community & HOA

Location

Region: Council Bluffs

Financial & listing details

Price per square foot: $83/sqft
Tax assessed value: $154,700
Annual tax amount: $2,678
Date on market: 10/31/2026
Listing terms: Contract,Conventional,FHA,VA Loan
Tenant pays: Gas, Electricity, Water, Trash Collection

Estimated market value

$270,500

$257,000 - $284,000

$1,335/mo

Price history

Date	Event	Price
10/31/2026	Listed for sale	$275,000+77.4%$83/sqft
Source: SWIAR #26-2398 Report a problem
8/27/2025	Sold	$155,000+24%$47/sqft
Source: Public Record Report a problem
5/1/2020	Listing removed	$125,000$38/sqft
Source: Heartland Properties #19-2076 Report a problem
5/1/2020	Listed for sale	$125,000+4.2%$38/sqft
Source: Heartland Properties #19-2076 Report a problem
4/30/2020	Sold	$120,000-4%$36/sqft
Source: SWIAR #19-2076 Report a problem
3/11/2020	Pending sale	$125,000$38/sqft
Source: Heartland Properties #19-2076 Report a problem
10/21/2019	Price change	$125,000-3.8%$38/sqft
Source: Heartland Properties #19-2076 Report a problem
9/30/2019	Listed for sale	$129,900$39/sqft
Source: Heartland Properties #19-2076 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,678 +1%	$154,700 +16.3%
2024	$2,652 -11.5%	$133,000
2023	$2,998 +2%	$133,000 +6.1%
2022	$2,940 +15.8%	$125,300
2021	$2,538 +0.6%	$125,300 +23.3%
2020	$2,524 +63.6%	$101,609
2019	$1,543 -39.8%	$101,609
2018	$2,564 -1%	$101,609
2017	$2,590 -13.9%	$101,609
2015	$3,008 +2%	$101,609
2014	$2,948	$101,609
2013	--	$101,609
2012	--	$101,609
2011	--	$101,609 -5%
2010	--	$106,957
2009	--	$106,957
2007	$1,944 -0.5%	$106,957 +8%
2006	$1,954	$99,034 +12%
2002	--	$88,423
2001	--	--
2000	$1,362	$36,719