Great investment opportunity. This building is located downtown Ainsworth, Iowa and has an updated main level apartment with one bedroom, 1 bath and currently rents for $550.00 a month. The upper unit rents for $400.00 a month. If you're looking to invest in real estate this one is a great one to start with or to add to your existing portfolio with low taxes, tenant paid utilities and low Maintenace expenses.
For sale
$89,000
248 N Railroad St, Ainsworth, IA 52201
--beds
--baths
1,280sqft
Est.:
Multi Family, Residential
Built in 1910
-- sqft lot
$-- Zestimate®
$70/sqft
$-- HOA
What's special
Upper unitUpdated main level apartmentOne bedroom
- 100 days
- on Zillow |
- 139 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: January 23, 2025 at 03:00am
Listed by:
Patty Elliott 319-548-1576,
Elliott Realty Group
Source: Iowa City Area AOR,MLS#: 202500476

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Heating
- Electric, Forced Air
Appliances
- Included: Dishwasher, Range Or Oven, Refrigerator
Features
- Flooring: Carpet, Tile
- Basement: Concrete
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,280
- Total interior livable area: 1,280 sqft
- Finished area above ground: 1,280
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Front Porch
Lot
- Dimensions: 11 x 125, 8 x 50
Details
- Parcel number: 1221254012
- Zoning: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Residential
Materials
- Brick
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Street Lights
- Subdivision: N/A
Location
- Region: Ainsworth
Financial & listing details
- Price per square foot: $70/sqft
- Tax assessed value: $15,000
- Annual tax amount: $241
- Date on market: 1/16/2025
- Listing terms: 1031 Exchange,Cash,Conventional
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