Investor Alert! Opportunity is knocking at 315 Locust St. in Allison! This side-by-side, all-brick duplex is ready for an investor looking for a project with strong potential. Both units are currently vacant, giving you the flexibility to renovate, rent, and create a cash-flowing investment property. One side features 2 bedrooms and 1 bathroom, while the other offers 4 bedrooms and 2 bathrooms. The property includes a full basement and a detached 2-stall garage, all conveniently located in town. This property does need a significant amount of TLC, but with the right vision and updates, there is an excellent opportunity to add value and turn this into a great income-producing property. Bring your tools, ideas, and investment strategy—this one is worth a look!
Pending
$45,000
315 Locust St, Allison, IA 50602
--beds
--baths
3,160sqft
Duplex
Built in 1939
-- sqft lot
$-- Zestimate®
$14/sqft
$-- HOA
What's special
Full basementAll-brick duplex
- 43 days
- 254
- 14
Zillow last checked:
Listing updated:
Listed by:
Jason R Strelow 319-961-3000,
Berkshire Hathaway Home Serv,
Josh Johnson 641-428-5285,
Berkshire Hathaway Home Serv
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20263911
Facts & features
Interior
Heating
- Natural Gas
Cooling
- None
Appliances
- Laundry: None
Features
- Basement: Block
Interior area
- Total structure area: 3,160
- Total interior livable area: 3,160 sqft
- Finished area above ground: 1,430
- Finished area below ground: 1,360
Property
Parking
- Parking features: Garage, Detached
Features
- Patio & porch: Covered
Lot
- Size: 7,840 Square Feet
- Dimensions: 63x125
Details
- Parcel number: 0625261006
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Brick
- Roof: Slate
Condition
- Year built: 1939
Utilities & green energy
- Sewer: Public Sewer
- Water: In Street
- Utilities for property: Other
Community & HOA
Location
- Region: Allison
Financial & listing details
- Price per square foot: $14/sqft
- Tax assessed value: $101,910
- Annual tax amount: $2,336
- Date on market: 8/19/2026
- Cumulative days on market: 45 days
- Lease term: Other
- Tenant pays: None
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/29/2026 | Pending sale | $45,000$14/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20263911 Report a problem | ||
| 8/19/2026 | Listed for sale | $45,000+50%$14/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20263911 Report a problem | ||
| 5/14/2026 | Sold | $30,000+693.4%$9/sqft |
Source: Public Record Report a problem | ||
| 8/9/2024 | Sold | $3,781$1/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,754 -13.9% | $135,320 +1.7% |
| 2024 | $2,038 +9.6% | $133,110 |
| 2023 | $1,860 +5.3% | $133,110 +23% |
| 2022 | $1,766 +3.3% | $108,210 |
| 2021 | $1,710 -0.2% | $108,210 +11.8% |
| 2020 | $1,714 +9.9% | $96,830 |
| 2019 | $1,560 -18.7% | $96,830 +8.5% |
| 2018 | $1,918 | $89,240 -16.8% |
| 2017 | $1,918 -20.3% | $107,320 -0.8% |
| 2016 | $2,406 +1.2% | $108,200 |
| 2015 | $2,378 +2.7% | $108,200 |
| 2014 | $2,316 | $108,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 50602
Nearby schools
Schools provided by the listing agent
- Elementary: North Butler CSD
- Middle: North Butler CSD
- High: North Butler CSD
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.
