Looking for an investment property that cash flows almost immediately? Look no further. Located just a block from the Montezuma square this triplex is fully occupied. Monthly rent is currently $2,275 (Main level - 1 BR $750, 1 BR $675, Upper level - 2 BR $850). Two of the three units pay for their own utilities. The owner pays for mowing and utilities for one unit. Two units recently updated within last 12 months. 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.
Sold
$165,000
415 E Main St, Montezuma, IA 50171
--beds
0baths
2,798sqft
Triplex
Built in 1900
-- sqft lot
$-- Zestimate®
$59/sqft
$790 Estimated rent
Home value
Not available
Estimated sales range
Not available
$790/mo
Zestimate® history
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Owner options
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$790/mo
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$1,077/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: May 20, 2024 at 03:23pm
Listed by:
Andy Erselius 641-226-2639,
AE Realty, Inc
Bought with:
Andy Erselius, ***
AE Realty, Inc
Source: NoCoast MLS as distributed by MLS GRID,MLS#: 6307759
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 sqft
- 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 & neighborhood
Location
- Region: Montezuma
HOA & financial
HOA
- Has HOA: No
- Association name: MIR
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 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 | -- | $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
Neighborhood: 50171
Nearby schools
GreatSchools rating
- 8/10Montezuma Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 6/10Montezuma Junior High SchoolGrades: 6-8Distance: 0.4 mi
- 7/10Montezuma High SchoolGrades: 9-12Distance: 0.4 mi
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- Iowa
- Poweshiek County
- Montezuma
- 50171
- 415 E Main St