This tri-plex investment property has seen considerable updates both inside and out. Most recently the roof and siding were replaced in 2024, majority of the windows have been replaced with vinyl windows as well. Unit interiors have also seen considerable updates with modern durable finishes that look great and wear well. Current rents are $1200, $1068 and $1034 per month and net income after all expenses estimated at $28,332 for 2024 making this offering a 9.44% CAP! Investors should jump on this stabilized, updated, turn-key investment while it's available as opportunities for great returns like this are few and far between.
Sold for $275,000 on 03/31/25
$275,000
1029 4th Ave, Council Bluffs, IA 51501
--beds
2,354sqft
Multi Family
Built in 1900
-- sqft lot
$279,900 Zestimate®
$117/sqft
$-- Estimated rent
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What's special
Zillow last checked: 7 hours ago
Listing updated: April 01, 2025 at 01:44am
Listed by:
Mark Hanwright,
20060210204436317691000000,
Hanwright-Edwards Group,
20060210204436317691000000
Bought with:
Mark Hanwright, B61001000
20060210204436317691000000
Source: SWIAR,MLS#: 24-2466
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Dryer - Coin, Washer - Coin, Cooktop, Refrigerator
- Laundry: Common Area
Features
- Storage
Interior area
- Total structure area: 2,354
- Total interior livable area: 2,354 sqft
Property
Parking
- Parking features: 1 - 3
Features
- Levels: Two
- Stories: 2
- Exterior features: Private Entrance
Lot
- Size: 8,019 sqft
- Dimensions: 81 x 99
Details
- Parcel number: 7544 36 151 016
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Roof: Composition
Condition
- Year built: 1900
Community & neighborhood
Location
- Region: Council Bluffs
Other
Other facts
- Listing terms: Cash,Conventional
Services availability

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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$279,900
2% more+ $5,598
With Zillow Showcase(estimated)
$285,498