Four-unit multifamily rental property, currently fully rented with consistent income. Recent updates, well-maintained with strong occupancy, making it an ideal turnkey investment.
For sale
$159,000
313 3rd Ave SE, Independence, IA 50644
--beds
--baths
3,420sqft
Quadruplex
Built in 1880
-- sqft lot
$148,300 Zestimate®
$46/sqft
$-- HOA
What's special
- 53 days
- 250
- 9
Zillow last checked:
Listing updated:
Listed by:
Michael Fain 319-290-4352,
Miehe Commercial Real Estate
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20263800
Facts & features
Interior
Heating
- Steam
Cooling
- Central Air, Gas
Appliances
- Laundry: None
Features
- Basement: Block,Stone/Rock
Interior area
- Total structure area: 3,420
- Total interior livable area: 3,420 sqft
- Finished area above ground: 1,836
- Finished area below ground: 1,836
Property
Parking
- Total spaces: 4
- Parking features: Gravel, None
- Uncovered spaces: 4
Features
- Levels: Two
Lot
- Size: 0.46 Acres
- Dimensions: 100 x 193
Details
- Parcel number: 1004284006
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Brick
- Roof: Asphalt
Condition
- Year built: 1880
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Other
Community & HOA
Location
- Region: Independence
Financial & listing details
- Price per square foot: $46/sqft
- Tax assessed value: $108,570
- Annual tax amount: $2,036
- Date on market: 8/13/2026
- Cumulative days on market: 54 days
- Lease term: Month To Month
- Tenant pays: Electricity, Trash Collection, Gas, Grounds Care, Snow Removal, Water
Estimated market value
$148,300
$141,000 - $156,000
$972/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/16/2026 | Listed for sale | $159,000$46/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20263800 Report a problem | ||
| 8/24/2026 | Pending sale | $159,000$46/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20263800 Report a problem | ||
| 8/13/2026 | Listed for sale | $159,000+59%$46/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20263800 Report a problem | ||
| 12/20/2024 | Sold | $100,000-19.7%$29/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20243776 Report a problem | ||
| 11/18/2024 | Pending sale | $124,500$36/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20243776 Report a problem | ||
| 10/18/2024 | Price change | $124,500-9.5%$36/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20243776 Report a problem | ||
| 9/27/2024 | Pending sale | $137,500$40/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20243776 Report a problem | ||
| 8/26/2024 | Listed for sale | $137,500+129.5%$40/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20243776 Report a problem | ||
| 9/25/2015 | Sold | $59,900-27.4%$18/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20155390 Report a problem | ||
| 7/14/2012 | Listing removed | $82,500$24/sqft |
Source: Larry G Karsten Real Estate & Insurance #17999 Report a problem | ||
| 4/25/2012 | Listed for sale | $82,500$24/sqft |
Source: Larry G Karsten Real Estate & Insurance #17999 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,036 +3% | $108,570 +6.8% |
| 2024 | $1,976 +21.2% | $101,660 |
| 2023 | $1,630 -12.5% | $101,660 +35.3% |
| 2022 | $1,862 -8.9% | $75,110 |
| 2021 | $2,044 -6.8% | $75,110 |
| 2020 | $2,192 -3.8% | $75,110 |
| 2019 | $2,278 -3% | $75,110 |
| 2018 | $2,348 | $75,110 |
| 2017 | $2,348 +2.5% | $75,110 +12.1% |
| 2016 | $2,290 | $66,980 |
| 2015 | $2,290 -5.8% | $66,980 |
| 2014 | $2,432 | $66,980 -6% |
| 2010 | -- | $71,250 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
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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