Skip main navigation
Pending
  • $350,000

    190 1st St, Gilbert, IA 50105

    8beds
    3,932sqft
    : 
    Multi Family
    Built in 1970
    -- sqft lot
    $347,300 Zestimate®
    $89/sqft
    $-- HOA

    What's special

    Brick exteriorOriginal finishesPrivate back deckNew roof
    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. 2 units in this building have been renovated and the other 2 are still original finishes. 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!
    29 days
    on Zillow
    |
    36
    |
    0
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 27, 2025 at 10:42am

    Listed by:

    Fett, Collin (515)232-4663,

    RE/MAX REC

    Source: DMMLS,MLS#: 714105MLS LogoOriginating MLS: Des Moines Area Association of REALTORS
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Forced Air, Gas, Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Cooktop, Dryer, Microwave, Refrigerator, Stove, Washer
    Interior area
    • Total structure area: 3,932
    • Total interior livable area: 3,932 sqft

    Property

    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 0.44 Acres
    Details
    • Parcel number: 0504475220
    • Zoning: res

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Two Story
    • Property subtype: Multi Family
    Materials
    • Foundation: Brick/Mortar
    Condition
    • Year built: 1970

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Natural Gas Available, Water Available

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Gilbert

    Financial & listing details

    • Price per square foot: $89/sqft
    • Annual tax amount: $4,491
    • Date on market: 3/25/2025
    • Listing terms: Cash,Conventional
    • Tenant pays: Electricity, Gas, Water
    • Loading