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!
Pending
$350,000
190 1st St, Gilbert, IA 50105
8beds
3,932sqft
Est.:
Multi Family
Built in 1970
-- sqft lot
$347,300 Zestimate®
$89/sqft
$-- HOA
What's special
Brick exteriorOriginal finishesPrivate back deckNew roof
- 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#: 714105
Originating 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
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