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Off market
    • $177,200

    405 N 16th St, Council Bluffs, IA 51501

    --beds
    0baths
    1,584sqft
    MultiFamily
    Built in 1920
    -- sqft lot
    $177,200 Zestimate®
    $112/sqft
    $1,108 Estimated rent

    Home value

    $177,200

    $161,000 - $193,000

    $1,108/mo

    Zestimate® history
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    Owner options

    List your home for rent

    $1,108/mo

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    $1,108/mo

    Rent Zestimate®

    Refinance and save

    $1,219/mo

    Est. payment

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    $1,219/mo

    Est. payment

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    What's special

    Detached garageFreshly painted

    INVESTOR ALERT! 2 FOR 1 CASH FLOW PROPERTY!! This turnkey investment property offers not one, but two rental houses plus a detached garage. The two homes have previously been rented for $1100 and $700 each, and both are freshly painted and cleaned ready for you to place the tenants of your choosing. Each house is separately metered for gas, electricity and water so tenants can pay their own utilities. With minimal owner expenses, and great financial projections, this investment property offers an excellent return with an estimated CAP rate of 10.36%!!!

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Gas
    Cooling
    • Central
    Appliances
    • Included: Refrigerator
    Interior area
    • Total interior livable area: 1,584 sqft

    Property

    Parking
    • Parking features: Garage - Attached
    Lot
    • Size: 5,662 Square Feet
    Details
    • Parcel number: 754426414006

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Foundation: Concrete Block
    • Roof: Composition
    Condition
    • Year built: 1920

    Community & HOA

    Location
    • Region: Council Bluffs

    Financial & listing details

    • Price per square foot: $112/sqft
    • Tax assessed value: $134,700
    • Annual tax amount: $2,466

    Price history

    DateEventPrice
    3/28/2023Sold$140,000-6.4%$88/sqft
    Source: SWIAR #23-84 Report a problem
    3/6/2023Pending sale$149,500$94/sqft
    Source: SWIAR #23-84 Report a problem
    2/28/2023Listing removed--
    Source: SWIAR Report a problem
    2/16/2023Pending sale$149,500$94/sqft
    Source: SWIAR Report a problem
    2/10/2023Price change$149,500-2%$94/sqft
    Source: SWIAR #23-84 Report a problem
    1/30/2023Price change$152,500-4.6%$96/sqft
    Source: SWIAR #23-84 Report a problem
    1/16/2023Listed for sale$159,900+59.9%$101/sqft
    Source: SWIAR #23-84 Report a problem
    9/20/2022Sold$100,000+17.6%$63/sqft
    Source: Public Record Report a problem
    3/10/2022Sold$85,000$54/sqft
    Source: Public Record Report a problem
    6/11/2020Sold$85,000$54/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,466 +1.1%$134,700 +10%
    2024$2,440 -7.9%$122,400
    2023$2,648 +1.9%$122,400 +10.6%
    2022$2,598 -6%$110,700
    2021$2,764 +7.3%$110,700
    2020$2,576 -3.4%$110,700 +6.8%
    2019$2,666 +1.9%$103,681
    2018$2,616 -1.1%$103,681
    2017$2,644 +2.2%$103,681
    2015$2,586 -0.1%$103,681
    2014$2,588 $103,681
    2013-- $103,681
    2012-- $103,681
    2011-- $103,681 -5%
    2010-- $109,138
    2009-- $109,138
    2007$1,984 -0.5%$109,138 +8%
    2006$1,994 +8.4%$101,054
    2005$1,840 --
    2002-- $90,227
    2001-- --
    2000$1,624 $43,798
    Find assessor info on the county website

    Neighborhood: West End

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Roosevelt
    • Middle: Woodrow Wilson
    • High: Thomas Jefferson
    • District: Council Bluffs

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $177,200
    2% more
    +$3,544
    With Zillow Showcase(estimated)
    $180,744
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $177,200
    2% more
    +$3,544
    With Zillow Showcase(estimated)
    $180,744

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