Great income producing commercial building, all units are currently rented. Complete renovation in 2017 with new infrastructure, all new mechanicals, plumbing, electrical and roof. Beautifully remodeled with period woodwork. Main floor has extra large retail space with wooden floors, loft area, and two private half baths. The retail space could be divided into two separate spaces if desired. Upstairs are 3 renovated apartments with wood floors, stainless steel appliances, high ceilings and natural light (skylights). There are washer/dryer units in each apartment. The two front apartments are 1 BR, 1bath. There are both back and front entrances to the apartments with storage rooms as well. The north side apartment has 2 BR, 2 baths and a vaulted ceiling and green roof view. All tenants pay their own utilities while the landlord pays dumpster fees.
Sold
$325,000
506 Washington Ave, Iowa Falls, IA 50126
--beds
0baths
9,768sqft
Multi Family
Built in 1890
-- sqft lot
$354,900 Zestimate®
$33/sqft
$732 Estimated rent
Home value
$354,900
$319,000 - $394,000
$732/mo
Zestimate® history
Owner options
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$732/mo
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$732/mo
Rent Zestimate®
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$2,180/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Lisa J Renaud 515-689-7053,
Ferris Real Estate
Bought with:
Lisa J Renaud, ***
Ferris Real Estate
Source: NoCoast MLS as distributed by MLS GRID,MLS#: 6314216
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 9,768 sqft
Property
Parking
- Parking features: On Street
Accessibility
- Accessibility features: None
Features
- Stories: 2
- Pool features: None
Lot
- Size: 5,227 Square Feet
- Dimensions: 43.5 x 122
Details
- Foundation area: 5307
- Parcel number: 892113432017
- Zoning: Business/Commercial,Resi
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Brick
- Roof: Rubber
Condition
- Year built: 1890
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
- HOA name: HRTI
Location
- Region: Iowa Falls
Financial & listing details
- Price per square foot: $33/sqft
- Tax assessed value: $359,830
- Annual tax amount: $5,994
- Date on market: 4/29/2025
- Cumulative days on market: 73 days
- Tenant pays: Cable TV, Electricity, Fuel, Sewer, Water
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2024 | Sold | $325,000-4.4%$33/sqft |
Source:  NoCoast MLS as distributed by MLS GRID #6314216 Report a problem | ||
| 4/3/2024 | Pending sale | $340,000$35/sqft |
Source: NoCoast MLS as distributed by MLS GRID #6314216 Report a problem | ||
| 3/14/2024 | Price change | $340,000-2.9%$35/sqft |
Source: NoCoast MLS as distributed by MLS GRID #6314216 Report a problem | ||
| 1/22/2024 | Listed for sale | $350,000+6900%$36/sqft |
Source: NoCoast MLS as distributed by MLS GRID #6314216 Report a problem | ||
| 7/2/2014 | Sold | $5,000$1/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,626 +4.9% | $359,830 +8.2% |
| 2024 | $6,316 +5.4% | $332,690 |
| 2023 | $5,994 -24.1% | $332,690 +21.7% |
| 2022 | $7,896 +49.7% | $273,340 |
| 2021 | $5,276 -3.2% | $273,340 +27% |
| 2020 | $5,448 +1% | $215,270 +21.9% |
| 2019 | $5,395 +161.9% | $176,550 +101.9% |
| 2018 | $2,060 +8.6% | $87,440 |
| 2017 | $1,896 -9.1% | $87,440 |
| 2016 | $2,086 -26.3% | $87,440 +24% |
| 2015 | $2,832 -7.4% | $70,510 |
| 2014 | $3,058 +5.4% | $70,510 |
| 2013 | $2,900 -4.7% | -- |
| 2012 | $3,042 -1.4% | -- |
| 2008 | $3,086 +8.4% | -- |
| 2007 | $2,848 | -- |
Find assessor info on the county website
Neighborhood: 50126
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Nearby schools
GreatSchools rating
- 9/10Rock Run Elementary SchoolGrades: 2-5Distance: 0.7 mi
- 7/10Riverbend Middle SchoolGrades: 6-8Distance: 0.5 mi
- 4/10Iowa Falls - Alden High SchoolGrades: 9-12Distance: 1.2 mi
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- Iowa
- Hardin County
- Iowa Falls
- 50126
- 506 Washington Ave
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