$175,000

1000 3rd St. N.W., Independence, IA 50644

  • 2,144 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1940
  • Property Lot Size Icon9,583sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $82/sqft
  • Property List Date Icon Listed 24 days ago

Property Description

Great opportunity to add a solid income-producing property to your portfolio! This 2-story duplex offers two spacious apartments, each with comfortable layouts and desirable amenities for tenants. The recently updated upper-level apartment features a welcoming entryway that leads into a roomy eat-in kitchen with pantry. A large living room provides plenty of space, while two bedrooms and a nicely updated bathroom with a large tiled shower and laundry area complete the living area. The main-level apartment offers an eat-in kitchen, comfortable living room, two bedrooms, and a bathroom featuring a tiled shower and laundry area. Both units provide practical, easy-to-maintain living spaces that appeal to long-term renters. Situated on a nice corner lot, the property includes an off-street parking area and a concrete patio, offering outdoor space for tenants to enjoy. Each apartment is currently leased for $850/month, creating immediate rental income. Tenants pay electric, water, sewer, and garbage, while the landlord covers gas, lawn care, and snow removal. Most appliances are included with the sale, making this a convenient turnkey investment. (Upstairs microwave and downstairs washer/dryer belong to tenants and are excluded.) With both units occupied and generating steady rental income, this duplex presents an excellent opportunity for investors seeking reliable cash flow.

Listing Status:
Pending
Data Last Updated:
April 5, 2026 at 6:19AM
Listing Office:
RE/MAX Independence Realty : 319-334-5703
Listing Agent:
Curt G Martin :
MLS ID:
20260986
  • Laundry: Laundry Room
  • Basement: None
  • A/C: Window Unit(s)
  • Heating: Natural GasSteam
  • Parking: Over 1 SpaceParking PadNoneParking spaces: 0
  • Roofing: Asphalt
  • Road/Access: Hard Surface Road
  • Originating MLS: neirbr
  • County: Buchanan
  • Zoning: R-3O'Brien's 1stLot 10633479015
  • Utilities: Cable Paid by IndividualElec Individual MetersGarbage Pd by IndividualGas in RentWater - Multiple Meters
  • Water: Public
  • Sewer: Public Sewer
  • Source: neirbr

This listing courtesy of Curt G Martin , RE/MAX Independence Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

East Elementary School

1103 1st St W, Independence, IA, 50644

Grades KG-2

0.21 miles away

I

Independence Junior Senior High School

700 20th Ave SW, Independence, IA, 50644

Grades 7-12

0.76 miles away

I

Independence Junior Senior High School

700 20th Ave SW, Independence, IA, 50644

Grades 7-12

0.76 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.