• MLS® #: 20180546
  • 302-306 1/2 1st St. S.e.

  • Oelwein, IA 50662
  • $165,000 REDUCED
  • 7 Beds, 6 Bath, 5276 , 0.22 Acres
  • Multi-Unit

This brick multi-family unit will make a great addition to any investor’s portfolio. Good cash flow with 5 units bringing in $2,200/month. All apartments are currently occupied with leases. The main floor offers three-1 bedroom apartments with each having a kitchen, living room, full bath, basement storage and washer/dryer hookups. There are two-2 bedroom apartments on the second floor with each featuring a spacious kitchen, living room, 1.5 baths, central air and washer/dryer hookups. All apartments are metered separately and tenants pay their own utilities. Landlord pays garbage only. Sitting prominently on a corner lot with off-street parking and a one-stall attached garage.

Essential Information

  • MLS® #20180546
  • Price$165,000
  • Bedrooms7
  • Bathrooms6.00
  • Square Footage5,276
  • Acres0.22
  • Year Built1909
  • TypeMulti-Unit
  • Gross Tax$$3254
  • Sub-TypeFive or More Units
  • StatusActive

Community Information

  • Address302-306 1/2 1st St. S.e.
  • AreaFayette
  • CityOelwein
  • StateIA
  • Zip Code50662


  • Parking Spaces6
  • ParkingOver 1 Space, Paved
  • # of Garages1
  • GaragesAttached


  • HeatingForced Air, Gas
  • CoolingCentral Air


2 Stories, Apartments (5+ Units)


  • ExteriorBrick
  • Exterior FeaturesPorch-Covered
  • Lot DescriptionCorner Lot
  • RoofAsphalt, Membrane

School Information

  • ElementaryOelwein
  • MiddleOelwein
  • HighOelwein

Additional Information

  • Date ListedFebruary 7th, 2018
  • Days on Market590
  • ZoningR-3


  • Agent: Curt Martin
  • Office: Re/max Independence Realty
Need More Info?

Staci Augustine

(319) 404-1166
Get a Pre-Approved Mortgage

Bill Tye


Property Location

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The IDX information being provided by the Northeast Iowa Regional Board of REALTORS® is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

Listing information last updated on September 21st, 2019 at 7:53am CDT.