Looking for an investment property that can cash flow immediately? Look no further. Located just a block from the Montezuma square this triplex is fully occupied. Monthly rent is currently $2,200 (Main level - 1 BR $600, 1 BR $700, Upper level - 3 BR $900). Tenants pay for their own utilities. The owner pays for mowing and snow removal. Parts of all three units have been updated within last 24 months with most notably updates to main floor kitchen ('26), upstairs shower, kitchen floor and paint ('26), new windows and renovated third bedroom in upper unit offering more living space. Each unit has a full bath, kitchen with owner-owned appliances, its own electric meter, HVAC system and laundry hookups. The building is well maintained with vinyl siding, metal roof, most of the windows have been replaced, circuit breaker panels, and HVAC systems. Profit/Loss provided upon request.
Active
$189,000
415 E Main St, Montezuma, IA 50171
--beds
0baths
2,798sqft
Triplex
Built in 1900
-- sqft lot
$177,300 Zestimate®
$68/sqft
$-- HOA
What's special
Laundry hookupsMetal roofNew windowsVinyl sidingHvac systemKitchen with owner-owned appliances
- 50 days |
- 73 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Andy Erselius 641-226-2639,
AE Realty, Inc
Source: NoCoast MLS as distributed by MLS GRID,MLS#: 6339897
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total interior livable area: 2,798 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached
- Garage spaces: 1
Accessibility
- Accessibility features: None
Lot
- Size: 8,712 Square Feet
- Dimensions: 66 x 132
- Features: Corner Lot
Details
- Foundation area: 1048
- Parcel number: 1442300
- Zoning: Business/Commercial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Frame, Vinyl Siding
- Roof: Metal
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Montezuma
Financial & listing details
- Price per square foot: $68/sqft
- Tax assessed value: $160,900
- Annual tax amount: $1,632
- Date on market: 7/1/2026
- Cumulative days on market: 51 days
- Listing terms: Cash,Conventional
Estimated market value
$177,300
$168,000 - $186,000
$917/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Listed for sale | $189,000-5%$68/sqft |
Source:  NoCoast MLS as distributed by MLS GRID #6339897 Report a problem | ||
| 3/23/2026 | Listing removed | $199,000$71/sqft |
Source: NoCoast MLS as distributed by MLS GRID #6328154 Report a problem | ||
| 7/14/2025 | Price change | $199,000-2.9%$71/sqft |
Source: NoCoast MLS as distributed by MLS GRID #6328154 Report a problem | ||
| 5/30/2025 | Listed for sale | $205,000+24.2%$73/sqft |
Source: NoCoast MLS as distributed by MLS GRID #6328154 Report a problem | ||
| 7/31/2023 | Sold | $165,000-6.7%$59/sqft |
Source: NoCoast MLS as distributed by MLS GRID #6307759 Report a problem | ||
| 7/14/2023 | Pending sale | $176,900$63/sqft |
Source: NoCoast MLS as distributed by MLS GRID #6307759 Report a problem | ||
| 5/12/2023 | Listed for sale | $176,900-4.4%$63/sqft |
Source: NoCoast MLS as distributed by MLS GRID #6307759 Report a problem | ||
| 11/1/2022 | Listing removed | -- |
Source: NoCoast MLS as distributed by MLS GRID #6174497 Report a problem | ||
| 5/31/2022 | Listing removed | $185,000$66/sqft |
Source: NoCoast MLS as distributed by MLS GRID #6174497 Report a problem | ||
| 4/5/2022 | Listed for sale | $185,000+32.7%$66/sqft |
Source: NoCoast MLS as distributed by MLS GRID #6174497 Report a problem | ||
| 12/5/2021 | Listing removed | -- |
Source: NoCoast MLS as distributed by MLS GRID #6001562 Report a problem | ||
| 6/8/2021 | Listed for sale | $139,400$50/sqft |
Source: NoCoast MLS as distributed by MLS GRID #6001562 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,632 -5.3% | $160,900 +44.6% |
| 2024 | $1,724 +14.2% | $111,290 |
| 2023 | $1,510 -13.1% | $111,290 +38% |
| 2022 | $1,738 +8.6% | $80,660 |
| 2021 | $1,600 -4.8% | $80,660 +17.5% |
| 2020 | $1,680 +6.1% | $68,660 |
| 2019 | $1,584 -5.8% | $68,660 +11.1% |
| 2018 | $1,682 +1.6% | $61,790 |
| 2017 | $1,656 | $61,790 |
| 2016 | -- | $61,790 |
| 2015 | -- | $61,790 +1.6% |
| 2014 | -- | $60,830 |
| 2013 | -- | $60,830 |
| 2012 | $1,984 +3.3% | $60,830 -6% |
| 2010 | $1,920 | $64,680 |
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: 50171
Nearby schools
GreatSchools rating
- 9/10Montezuma Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 6/10Montezuma Junior High SchoolGrades: 6-8Distance: 0.4 mi
- 6/10Montezuma High SchoolGrades: 9-12Distance: 0.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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