Investor or House Hack Opportunity! This well-maintained 4-plex, located in the growing town of Gilbert, offers four spacious 2-bedroom, 1.5-bathroom units. Each unit features a private back deck or patio overlooking a wooded area for added privacy. Recent updates include a new roof, gutters, and flooring. The property also features a master lock system and a brick exterior ensuring durability with minimal maintenance. All utilities are separately metered, reducing landlord expenses. With Gilbert's strong rental demand, there's excellent potential to increase rents and maximize cash flow. Walking distance to Gilbert's highly rated school and charming Main Street is great for tenant retention. This prime multi-family property won't last long!
For sale
$350,000
180 1st St, Gilbert, IA 50105
--beds
0baths
3,932sqft
Est.:
Quadruplex, Multi Family
Built in 1972
-- sqft lot
$-- Zestimate®
$89/sqft
$-- HOA
What's special
Brick exteriorNew roof
- 29 days
- on Zillow |
- 459 |
- 26 |
Zillow last checked: 7 hours ago
Listing updated: April 25, 2025 at 12:11pm
Listed by:
Collin Fett,
RE/MAX REAL ESTATE CENTER
Source: CIBR,MLS#: 67186

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Interior area
- Total structure area: 3,932
- Total interior livable area: 3,932 sqft
Property
Features
- Levels: Two
Lot
- Size: 0.37 Acres
- Dimensions: 107.2 x 152
Details
- Parcel number: 0504475240
- Zoning: res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Brick
Condition
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Gilbert
Financial & listing details
- Price per square foot: $89/sqft
- Tax assessed value: $285,400
- Annual tax amount: $4,491
- Date on market: 4/25/2025
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