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Sold
  • $215,000

    606 Hooper St, Melbourne, IA 50162

    --beds
    0baths
    2,912sqft
    Quadruplex
    Built in 1976
    -- sqft lot
    $-- Zestimate®
    $74/sqft
    $924 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $924/mo

    Zestimate® history
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    What's special

    Coin-operated laundryNewer sidingNewer roof
    Investor alert! 606 Hopper Street is a completely occupied and priced-to-sell 4-plex in Melbourne, generating over $32,000 in annual income with a strong 9% CAP rate. Each of the four units features 2 bedrooms and 1 bathroom, offering steady demand and reliable rental performance. The property boasts newer siding and a newer roof, minimizing future maintenance costs and adding long-term value. Tenants enjoy the convenience of a coin-operated laundry, and each unit comes fully equipped with a refrigerator and range, ensuring immediate rental readiness. With solid cash flow, consistent occupancy, and key updates already completed, this multifamily property is a standout opportunity. Sold AS-IS, presenting exceptional value for investors looking to expand their portfolio or secure dependable passive income.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kristin Polley 641-751-6338,

    Century 21 Signature Real Estate

    Bought with:

    Outside Agent- MIR Outside Agent- MIR, ***

    Outside Office

    Source: NoCoast MLS as distributed by MLS GRID,MLS#: 6334065MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced Air
    Appliances
    • Laundry: Common Area
    Features
    • Basement: Full,Finished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,912 sqft
    • Finished area below ground: 1,456

    Property

    Parking
    • Parking features: Concrete
    Accessibility
    • Accessibility features: None
    Lot
    • Size: 7,405 sqft
    • Dimensions: .17 acres
    Details
    • Foundation area: 1456
    • Parcel number: 821906435004
    • Zoning: Residential-Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Frame, Vinyl Siding
    • Roof: Shingle
    Condition
    • Year built: 1976

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Melbourne
    • Subdivision: KOBBES ADD

    HOA & financial

    HOA
    • Has HOA: Yes
    • Association name: MIR

    Other

    Other facts
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    2/12/2026Sold$215,000-10.4%$74/sqft
    Source: NoCoast MLS as distributed by MLS GRID #6334065 Report a problem
    1/14/2026Pending sale$239,900$82/sqft
    Source: NoCoast MLS as distributed by MLS GRID #6334065 Report a problem
    12/1/2025Listed for sale$239,900+195.3%$82/sqft
    Source: NoCoast MLS as distributed by MLS GRID #6334065 Report a problem
    6/10/2019Sold$81,250+1.7%$28/sqft
    Source: NoCoast MLS as distributed by MLS GRID #5469962 Report a problem
    5/7/2019Pending sale$79,900$27/sqft
    Source: Baxter Real Estate Agency #35016656 Report a problem
    5/3/2019Listed for sale$79,900+22.9%$27/sqft
    Source: Baxter Real Estate Agency #35016656 Report a problem
    10/12/2011Sold$65,000$22/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$1,353 +28.5%$96,500
    2023$1,053 -13.5%$96,500 +59.2%
    2022$1,218 -5.7%$60,620
    2021$1,291 -5.2%$60,620
    2020$1,362 +7.1%$60,620
    2019$1,272 -13.4%$60,620 +10.1%
    2018$1,469 +9%$55,050 +17.5%
    2017$1,348 -8.2%$46,860 -4.3%
    2016$1,468 -3%$48,990 -4.2%
    2015$1,514 -10.7%$51,120 -10%
    2014$1,696 -4.4%$56,800
    2013$1,774 -1.3%--
    2012$1,798 -11.4%--
    2011$2,029 -0.6%--
    2010$2,042 +1.6%--
    2009$2,010 -1.3%--
    2008$2,037 +2.1%--
    2007$1,996 +15.1%--
    2005$1,734 --

    Find assessor info on the county website

    Neighborhood: 50162

    Nearby schools

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