Sold for $130,000

$130,000

506-512 Commercial St, Central City, IA 52214

--beds

--baths

2,128sqft

Quadruplex

Built in 1900

-- sqft lot

$-- Zestimate^®

$61/sqft

$970 Estimated rent

Home value

Not available

Estimated sales range

Not available

$970/mo

Zestimate^® history

Owner options

List your home for rent

$970/mo

Rent Zestimate^®

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$970/mo

Rent Zestimate^®

Refinance and save

$716/mo

Est. payment

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$716/mo

Est. payment

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What's special

Off street parking

This Four Plex shows an 9.8% return at this time. The tenants pay all utilities, and all are rented so you can walk in and start your investment. The bonus is that there is a vacant lot adjoining that the possibility exists to build another building or garages for the apartments. There is off street parking. Please allow sufficient time ahead for all showings as they are all occupied.

Facts & features

Interior

Heating

Forced Air, Natural Gas

Cooling

None

Appliances

Laundry: None

Features

Basement: Exterior Entry,Stone/Rock

Interior area

Total structure area: 2,128
Total interior livable area: 2,128 sqft
Finished area above ground: 1,064
Finished area below ground: 0

Property

Parking

Total spaces: 4
Parking features: Parking Pad, None
Uncovered spaces: 4

Features

Levels: Two

Lot

Size: 0.3 Acres
Dimensions: 120 x 108
Features: Corner Lot, Level

Details

Has additional parcels: Yes
Parcel number: 019070318201000000
Zoning: R-1
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: Elec Individual Meters, Gas Individual Meters, Separate Meters, Water - Multiple Meters

Community & HOA

Location

Region: Central City

Financial & listing details

Price per square foot: $61/sqft
Tax assessed value: $119,100
Annual tax amount: $1,762
Date on market: 10/31/2025
Cumulative days on market: 87 days
Lease term: Month To Month
Tenant pays: Electricity, Trash Collection, Gas, Heat, Water

Price history

Date	Event	Price
2/6/2026	Sold	$130,000-16.1%$61/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20255384 Report a problem
1/26/2026	Pending sale	$155,000$73/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20255384 Report a problem
12/19/2025	Price change	$155,000-3.1%$73/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20255384 Report a problem
10/31/2025	Listed for sale	$160,000$75/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20255384 Report a problem

Public tax history

Tax history is unavailable.

Neighborhood: 52214

Nearby homes

Nearby schools

GreatSchools rating

8/10
Central City Elementary School
Grades: K-5Distance: 0.3 mi
5/10
Central City High School
Grades: 6-12Distance: 0.3 mi

Schools provided by the listing agent

Elementary: Central City
Middle: Central City
High: Central City

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.