309 E Main Street, Decorah, IA


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About 309 E Main Street

Invest in income producing assets! This 4 plex is an excellent opportunity to reap the rewards of capital accumulation with relatively low risk. Great location one a corner lot only blocks from downtown. Unit 1: 2 bedroom $634/month, 16 year resident with 1 car detached garage. Unit 2: recently updates, vacant, advertised at $750/month Unit 3: recent updates, vacant, advertised at $750/month Unit 4: Studio/1 bedroom, long term resident, $535/month Landlord pays gas, water, sewer, garbage, each apartment electric is metered separately. Updated gas boiler heat. Coin opp laundry in the basement. Annual PRI $32,028. For the price of single family homes in Decorah, this is a bargain. Excellent opportunity to start out building wealth by living in one of the apartments while the mortgage is paid for by the other rent income. 24 hour notice and financial commitment letter required prior to showings. Some 3rd party sites may not get your inquiry request through to the correct agent, reach out to an agent directly for more information. Call today for a consultation on how to make this work for you!

Features of 309 E Main Street

MLS® # 20241353
Price $220,000
Square Footage 2,664
Acres 0.19
Year Built 1890
Type Residential Income
Sub-Type Fourplex
Style Two Story
Status Pending

Community Information

Address 309 E Main Street
City Decorah
County Winneshiek
State IA
Zip Code 52101


Utilities Cable Paid by Individual, Elec Individual Meters, Water - Multiple Meters
Parking Spaces 4
Parking Garage, Parking Area, Detached
# of Garages 1


Heating Steam
Cooling None


Exterior Features Deck, Porch
Roof Asphalt

Lease Information

Price Type Gross

School Information

Elementary Decorah Community Schools
Middle Decorah Community Schools
High Decorah Community Schools

Additional Information

Date Listed April 9th, 2024
Days on Market 45
Zoning R-3
Total Building Sq. Ft. 0.00
Gross Taxes $2,418

Listing Details

AgentJohn Sweeney
OfficeSweeney Real Estate

Listing Map

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