For sale

$494,000

404 Jefferson St, Decorah, IA 52101

6beds

5baths

3,585sqft

$3,739/mo

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Quadruplex

Built in 1900

-- sqft lot

$471,200 Zestimate^®

$138/sqft

$-- HOA

What's special

Investment Opportunity in Decorah! Well-maintained 4-unit apartment building located just 3 blocks from downtown Decorah and close to the middle school. Each unit includes its own off-street parking space. Unit 1: 1 bed, 1 bath with patio; completely renovated in 2020. $1,045/month Unit 2: 2 bed, 1 bath with a long-term tenant. $770/month Unit 3: 1 bed, 1 bath; completely renovated in 2025. $900/month Unit 4: Turnkey 2 bed, 2 bath Airbnb with deck; completely renovated in 2023. 2025 revenue: $19,098 Additional improvements include a roof replaced in 2017 and vinyl siding installed in 2019. This is a great opportunity to add a solid income-producing asset to your investment portfolio! Call your Realtor today for more information and to schedule a private showing.

3 days

283

6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 5

Cooling

Central Air

Appliances

Laundry: Electric Dryer Hookup, Washer Hookup

Features

Basement: Concrete,Stone/Rock

Interior area

Total structure area: 3,585
Total interior livable area: 3,585 sqft
Finished area above ground: 1,722
Finished area below ground: 1,396

Property

Parking

Total spaces: 4
Parking features: Parking Space, On Street, None
Uncovered spaces: 4

Features

Levels: Two
Patio & porch: Deck, Patio

Lot

Size: 6,519 Square Feet
Dimensions: 53.00 x 123.00

Details

Parcel number: 111645300800
Zoning: R-3
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Materials

Vinyl Siding
Roof: Asphalt

Condition

Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Water in Rent

Community & HOA

Location

Region: Decorah

Financial & listing details

Price per square foot: $138/sqft
Tax assessed value: $336,840
Annual tax amount: $5,758
Date on market: 8/16/2026
Cumulative days on market: 6 days
Tenant pays: Electricity, Gas
Road surface type: Hard Surface Road

Estimated market value

$471,200

$448,000 - $495,000

$1,012/mo

Price history

Date	Event	Price
8/16/2026	Listed for sale	$494,000+47.5%$138/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20263849 Report a problem
8/19/2022	Sold	$335,000+3.1%$93/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20223129 Report a problem
7/9/2022	Pending sale	$324,900$91/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20223129 Report a problem
7/7/2022	Listed for sale	$324,900+549.8%$91/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20223129 Report a problem
8/2/2013	Sold	$50,000$14/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,758 +4.2%	$336,840 +10.1%
2024	$5,528 +66%	$305,890
2023	$3,330 -12.3%	$305,890 +91.4%
2022	$3,798 -3.4%	$159,810
2021	$3,932 -3%	$159,810
2020	$4,052 -1.1%	$159,810
2019	$4,098 +41.7%	$159,810 +2.8%
2018	$2,892 -34.8%	$155,520 +63.5%
2017	$4,436 +45.6%	$95,130
2016	$3,046 -4%	$95,130
2015	$3,172	$95,130
2014	$3,172	$95,130

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.

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Climate risks

Neighborhood: 52101

Getting around

85 / 100

Very Walkable

63 / 100

Bikeable

Nearby schools

GreatSchools rating

9/10
Decorah Middle School
Grades: 5-8Distance: 0.1 mi
9/10
Decorah High School
Grades: 9-12Distance: 0.5 mi
7/10
Carrie Lee Elementary School
Grades: 3-4Distance: 0.1 mi

Schools provided by the listing agent

Elementary: Decorah Community Schools
Middle: Decorah Community Schools
High: Decorah Community Schools

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.