Movoto Real Estate
Sold on 05/18/2024
John Sweeney of Sweeney Real Estate

309 E Main St, Decorah, IA 52101

$236,000

Last sold 05/18/2024 for $210K

  • —

    bed

  • —

    bath

Multi-family not for sale

About 309 E Main St

Property type Multi-family
Year built 1890
HOA fee $0/month
Lot size 8,364 Sqft
Movoto estimate
Rental estimate
Property description
Invest in income producing assets! This 4 plex is an excellent opportunity to reap the rewards of capital accumulation with relatively low risk. Great location one a corner lot only blocks from downtown. Unit 1: 2 bedroom $634/month, 16 year resident with 1 car detached garage. Unit 2: recently updates, vacant, advertised at $750/month Unit 3: recent updates, vacant, advertised at $750/month Unit 4: Studio/1 bedroom, long term resident, $535/month Landlord pays gas, water, sewer, garbage, each apartment electric is metered separately. Updated gas boiler heat. Coin opp laundry in the basement. Annual PRI $32,028. For the price of single family homes in Decorah, this is a bargain. Excellent opportunity to start out building wealth by living in one of the apartments while the mortgage is paid for by the other rent income. 24 hour notice and financial commitment letter required prior to showings. Some 3rd party sites may not get your inquiry request through to the correct agent, reach out to an agent directly for more information. Call today for a consultation on how to make this work for you!
Listed by
Listing Agent - John Sweeney
Listing Agent Contact: 563-568-4170
Listing Office - Sweeney Real Estate
Source: Northeast Iowa Regional BOR mls logo
MLS#20241353 • last updated 2 years ago
Movoto checked Northeast Iowa Regional BOR for data 6 minutes ago
Overview
Cooling/AC None
Heating Steam
Type Residential Income
Lot Size (Acres) 0.19
Year Built 1890
Interior
Basement Stone/Rock
Laundry Lower Level
Exterior
Construction Vinyl Siding
# Open Parking Spaces 4
Amenities / Utilities
Sewer/ Septic Public Sewer
Utilities Cable Paid By Individual, Elec Individual Meters, Water - Multiple Meters
Water Source Public
Location
County Winneshiek
Elementary School Decorah Community Schools
High School Decorah Community Schools
Middle School Decorah Community Schools
Zoning R-3
Multifamily Details
Tenant Pays Electricity, Water
Lot/ Land Details
Road Frontage Hard Surface Road
$236K
Range: $202K-$269K
Last 30 days 
Rental est.: $1,216/month
Gross rent multiplier: 14.4
  • Jul 2024
    Public Records
  • Jul 10, 2024 Sold
    $210,000
  • Jun 2024
    mls logo MLS # 20241353
  • Jun 28, 2024 Sold
    $210,000 (-4.5%)
  • Jun 12, 2024 Pending
    —
  • May 10, 2024 Price Change
    $220,000 (-8.3%)
  • Apr 9, 2024 Listed
    $240,000 (+140.0%)
  • Aug 2019
    mls logo MLS # 20193173
  • Aug 1, 2019 Sold
    $100,000
  • Jun 18, 2019 Listed
    $119,000
  • Jul 2019
    Public Records
  • Jul 30, 2019 Sold
    $100,000 (-16.0%)
  • Year Property taxes Tax assessment
  • 2024
    $2,686 +4.2%
    $142,650
  • 2023
    $2,578 +6.6%
    $142,650
  • 2022
    $2,418 -12.3%
    $142,650 +22.9%
  • 2021
    $2,758 -3.4%
    $116,070
  • 2020
    $2,856 -3.0%
    $116,070
  • 2019
    $2,944
    $116,070
  • 309 E Main St
    $210K
  • —
  • 52101
    $399K +33% y/y
  • Decorah
    $399K +33% y/y
No chart available
Statistics calculated by Movoto

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

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