Skip To Content

204-206 E Elm Street

Iowa Falls, IA 50126
  • $160,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 20262066
UPDATED: 26 min ago
$160,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1980
County:

School Information

Elementary School:
Middle School:
High School:

Description

Exceptional Investment Opportunity - Income Producing Duplex Don't miss this fantastic opportunity to own a well-maintained duplex ideally suited for investors or owner-occupants looking to offset their mortgage with rental income. This property features two spacious 2-bedroom units, each with off-street parking and 1-stall garage. Whether you're a seasoned investor seeking reliable cash flow or a first-time buyer looking to house-hack, this duplex delivers tremendous value and versatility. Currently tenant occupied, with one half rented at $875/month until 3/31/28, and the other half rented at $700 with a lease ending at the end of May 2026. Owner is actively seeking a new tenant, at a desired rental rate of $800/month.

Monthly Payment Calculator



Listings courtesy of Northeast Iowa Regional Board of REALTORS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLS GRID or Vine Valley Real Estate. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by Northeast Iowa Regional Board of REALTOR and may be amended from time to time. MLS Grid  logo Based on information submitted to the MLS GRID as of 2026-06-09T16:41:47.347 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.movewithvvre.com/homes/176493341
Print Image

204-206 E Elm Street Iowa Falls, IA 50126

  • Price: $160,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 26 min ago
  • MLS #: 20262066
0
Beds
0
Baths
0
½ Baths
0.27
Acres
1980
Built
County:
Hardin
Elementary School:
Iowa Falls
Middle School:
Iowa Falls
High School:
Iowa Falls
Property Description
Exceptional Investment Opportunity - Income Producing Duplex Don't miss this fantastic opportunity to own a well-maintained duplex ideally suited for investors or owner-occupants looking to offset their mortgage with rental income. This property features two spacious 2-bedroom units, each with off-street parking and 1-stall garage. Whether you're a seasoned investor seeking reliable cash flow or a first-time buyer looking to house-hack, this duplex delivers tremendous value and versatility. Currently tenant occupied, with one half rented at $875/month until 3/31/28, and the other half rented at $700 with a lease ending at the end of May 2026. Owner is actively seeking a new tenant, at a desired rental rate of $800/month.
Exterior Features

Construction Materials Vinyl Siding Lot Features Level Lot Size Dimensions 121 x 44 x 142 x 142 Open Parking Spaces 4 Parking Features GarageParking SpacePavedAttached Regular Irregular Reg Roof Asphalt Siding Vinyl

Interior Features

Above Grade Finished Area 1936 Basement None Below Grade Finished Area 0 Cooling Central Air Laundry Features 1st FloorIn HallLaundry Closet Second Level Square Footage 0 Third Level Square Footage 0 Total Square Footage 1936

Property Features

Additional Parcels YN No Electric Separate By Unit Yes Flood Plain C/X - Not in Flood Plain For Sale Rent For Sale Fuel Type Natural Gas Gross Income 18300 Heat Separate By Unit Yes Lease Term 9 Months or Less Net Operating Income 17700 Operating Expense 600 Property Sub Type Duplex Sewer Public Sewer Special Listing Conditions Normal Sale Tax Annual Amount 2946 Tenant Pays ElectricityGarbage Pick-upGasHeatSnow RemovalTrash CollectionWater Utilities Cable Paid by IndividualElec Individual MetersGarbage Pd by IndividualGas Individual MetersSeparate MetersWater - Multiple Meters Water Separate By Unit Yes Water Sewer Expense 0 Water Source Public Zoning R-1



Listings courtesy of Northeast Iowa Regional Board of REALTORS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLS GRID or Vine Valley Real Estate. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by Northeast Iowa Regional Board of REALTOR and may be amended from time to time. MLS Grid  logo Based on information submitted to the MLS GRID as of 2026-06-09T16:41:47.347 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
https://bt-photos.global.ssl.fastly.net/neirbr/1280_boomver_2_20262066-1.jpg https://bt-photos.global.ssl.fastly.net/neirbr/1280_boomver_2_20262066-1.jpg https://bt-photos.global.ssl.fastly.net/neirbr/1280_boomver_2_20262066-1.jpg
Logo
Vine Valley Real Estate
808 E. 18th St.
Cedar Falls IA, 50613