Sold for $633,000 on 10/31/24
$633,000
500 Pike St, Ridgeway, IA 52165
--beds
--baths
12,802sqft
Apartment
Built in 1972
-- sqft lot
$646,900 Zestimate®
$49/sqft
$-- Estimated rent
Home value
$646,900
Estimated sales range
Not available
Not available
Zestimate® history
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Owner options
Explore your selling options
What's special
Great investment opportunity! Three apartment buildings with a total of 18 units. The buildings have a total of 8 two bedroom and 10 one bedroom apartments. The apartments have exterior entrances and off-street parking. Coin operated laundry is located in each building. A lit sidewalk leads from the parking lots to each apartment. Ridgeway is a quiet rural community located in between Decorah and Cresco, Iowa, There is currently a housing shortage in the area. This fully occupied property has been well maintained and is ready for new owners. Financial information and appraisal available to qualified buyers with a signed NDA. West Building - Age: 1978 Square Footage: 5,264 Number of Apartments: 8 Center Building - Age: 1974 Square Footage: 3,377 Number of Apartments: 5 East Building - Age: 1972 Square Footage: 4,161 Number of Apartments: 5
Zillow last checked: 8 hours ago
Listing updated: November 02, 2024 at 04:01am
Listed by:
Steven Burke 507-251-0644,
Burke Real Estate
Bought with:
Steven Burke, B44679
Burke Real Estate
Source: Northeast Iowa Regional BOR,MLS#: 20244005
Facts & features
Interior
Heating
- Baseboard, Electric
Cooling
- Wall Unit(s), Window Unit(s)
Appliances
- Laundry: Laundry Closet
Features
- Basement: Crawl Space
Interior area
- Total structure area: 12,802
- Total interior livable area: 12,802 sqft
- Finished area above ground: 12,802
- Finished area below ground: 0
Property
Parking
- Total spaces: 10
- Parking features: Parking Pad, Paved, None
- Uncovered spaces: 10
Lot
- Size: 2.21 Acres
Details
- Has additional parcels: Yes
- Parcel number: 092322700500
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Brick, Wood Siding
- Roof: Asphalt
Condition
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Meters
Community & neighborhood
Location
- Region: Ridgeway
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2024 | Sold | $633,000-29.7%$49/sqft |
Source: | ||
| 9/25/2024 | Pending sale | $900,000$70/sqft |
Source: | ||
| 9/6/2024 | Listed for sale | $900,000$70/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Neighborhood: 52165
Nearby schools
GreatSchools rating
- 5/10Crestwood Elementary SchoolGrades: K-6Distance: 8 mi
- 7/10Crestwood High SchoolGrades: 7-12Distance: 7.9 mi
Schools provided by the listing agent
- Elementary: Crestwood
- Middle: Cresco
- High: Cresco
Source: Northeast Iowa Regional BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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