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Sold on 02/25/2026
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2121 Greene St, Adel, IA 50003

  • $2,180,000

    Last sold 02/25/2026 after 161 Days

  • 33

    bed

  • 24

    bath

Multi-family not for sale
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About 2121 Greene St

Property type Multi-family
Year built 1984
HOA fee $0/month
Property description
Investment Opportunity in Adel, IA. This 24-unit multifamily property offers a balanced mix of 12 two-bedroom units, 9 one-bedroom units, and 3 studio apartments. Each residence features a full bathroom along with essential appliances including stove, refrigerator, microwave, and dishwasher (dishwasher not included in studios). Approximately 50% of the units have been fully renovated with modern upgrades—new flooring, fresh paint, updated trim, enhanced lighting, stylish kitchen cabinetry, and updated appliances. On-site coined laundry adds convenience for residents. With its prime location and strong rental mix, this property presents an excellent opportunity for investors seeking both immediate income and long-term growth potential.
Listed by
Listing Agent - Timothy Schutte
Listing Agent Contact: Timothy Schutte, (515) 253-3948
Listing Office - EXIT Realty & Associates
Source: DMAAR mls logo
MLS#726452 • last updated 5 months ago
Movoto checked DMAAR for data 5 minutes ago
Overview
Cooling/AC Central Air
MLS # 726452
Status Closed
Property Tax 26550
HOA 2 Cap City Prop Management
Interior
Total # of Bathrooms 24
# of Full Baths 24
Total # of Bedrooms 33
Flooring Carpet
Exterior
Amenities / Utilities
Water Source Public
Location
Area Adel
Elementary School District Adel-Desoto-Minburn
Middle School District Adel-Desoto-Minburn
High School District Adel-Desoto-Minburn
Multifamily Details
Total # of Units 24
Gross Income 21000
Lot/ Land Details
Road Surface Concrete
We are not permitted to show value estimates for this property.
  • Feb 2026
    mls logo MLS # 726452
  • Feb 25, 2026 Sold
    $2,180,000 (+1.4%)
  • Jan 2, 2026 Pending
    —
  • Sep 17, 2025 Listed
    $2,200,000 (+25.0%)
  • Feb 2026
    mls logo MLS # 734523
  • Feb 16, 2026 Pending
    —
  • Feb 16, 2026 Listed
    $2,150,000 (-2.3%)
  • Apr 2024
    mls logo MLS # 710113
  • Apr 30, 2024 Sold
    $1,760,000
  • Jan 5, 2024 Listed
    $1,760,000
  • 2121 Greene St
    $2.18M
  • —
  • 50003
    $358K +1% y/y
  • Adel
    $359K +1% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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