Three-unit multifamily rental property, currently fully rented with consistent income. Recent updates, well-maintained with strong occupancy, strong cash flow investment property.
Pending
$165,000
400 S Frederick Ave, Oelwein, IA 50662
--beds
--baths
2,589sqft
Triplex
Built in 1940
-- sqft lot
$-- Zestimate®
$64/sqft
$-- HOA
What's special
- 28 days
- 93
- 5
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#: 20263801
Facts & features
Interior
Heating
- Electric
Cooling
- Window Unit(s)
Appliances
- Laundry: None
Features
- Basement: Exterior Entry,Slab,Wood
Interior area
- Total structure area: 2,589
- Total interior livable area: 2,589 sqft
- Finished area above ground: 2,589
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Parking Pad, None
- Uncovered spaces: 6
Features
- Levels: One
Lot
- Size: 10,454 Square Feet
- Dimensions: 74 x 119, 135
Details
- Parcel number: 1821379001
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Vinyl Siding
- Roof: Flat
Condition
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Meters
Community & HOA
Location
- Region: Oelwein
Financial & listing details
- Price per square foot: $64/sqft
- Tax assessed value: $87,320
- Annual tax amount: $1,430
- Date on market: 8/13/2026
- Cumulative days on market: 27 days
- Lease term: Month To Month
- Tenant pays: Electricity
- Road surface type: Hard Surface Road
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/24/2026 | Pending sale | $165,000$64/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20263801 Report a problem | ||
| 8/13/2026 | Listed for sale | $165,000+3.2%$64/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20263801 Report a problem | ||
| 6/1/2025 | Listing removed | $159,900$62/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20243486 Report a problem | ||
| 8/16/2024 | Price change | $159,900-15.8%$62/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20243486 Report a problem | ||
| 8/9/2024 | Listed for sale | $189,900-4.6%$73/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20243486 Report a problem | ||
| 4/14/2024 | Listing removed | $199,000$77/sqft |
Source:  East Central Iowa AOR as distributed by MLS GRID #148218 Report a problem | ||
| 10/13/2023 | Listed for sale | $199,000+221%$77/sqft |
Source: East Central Iowa AOR as distributed by MLS GRID #148218 Report a problem | ||
| 11/25/2019 | Sold | $62,000$24/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20185459 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | -- |
| 2023 | $8 -20% | $390 |
| 2022 | $10 +66.7% | $390 |
| 2021 | $6 | $390 +44.4% |
| 2020 | $6 | $270 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 50662
Nearby schools
Schools provided by the listing agent
- Elementary: Oelwein
- Middle: Oelwein
- High: Oelwein
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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