Turnkey Tri-Plex – Renovated, Cash-Flowing, and Energy Efficient
This fully renovated tri-plex is a standout investment opportunity offering strong cash flow, modern updates, and energy-efficient upgrades. Built in 1900 and thoughtfully updated, the property includes one 2 bed/1 bath and two 1 bed/1 bath units—each featuring fresh paint, new carpet, and fully remodeled kitchens and bathrooms.
In addition to cosmetic and structural updates, the attic and basement have been fully insulated, cutting propane heating costs by half and boosting long-term operating efficiency. Tenants enjoy a shared laundry room, and a large backyard storage shed provides added utility or potential for extra income.
Property Highlights:
One 2BR/1BA unit and two 1BR/1BA units
Recent upgrades: kitchens, bathrooms, flooring, and paint
Fully insulated attic and basement — 50% reduction in propane bills
Common laundry room
Large storage shed in backyard
All major systems updated — no deferred maintenance
Stable tenants and positive monthly cash flow
Ideal for investors or owner-occupants
This property is a true turnkey asset—updated, efficient, and income-producing from day one. Don’t miss your chance to own this high-performing real estate investment.
For sale by owner
$250,000
909 Hubbel St, Kelley, IA 50134
4beds
2,176sqft
Est.:
MultiFamily
Built in 1900
-- sqft lot
$211,300 Zestimate®
$115/sqft
$-- HOA
What's special
Fresh paintNew carpetFully remodeled kitchens
- 40 days
- on Zillow |
- 795 |
- 15 |
Listed by:
(641) 781-0272
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced air, Propane / Butane
Cooling
- Other
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Linoleum / Vinyl
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 2,176 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Off-street
Features
- Exterior features: Shingle, Vinyl
- Has view: Yes
- View description: City
Lot
- Size: 7,269 Square Feet
Details
- Parcel number: 1305200280
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 1 1/2 Story
Materials
- Frame
- Foundation: Concrete Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public
Community & HOA
Location
- Region: Kelley
Financial & listing details
- Price per square foot: $115/sqft
- Tax assessed value: $127,600
- Annual tax amount: $2,032
- Date on market: 5/8/2025
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