Homes for sale - 507 S Greene St, Rock Rapids, IA 51246

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Brandon Martens

brandon@bhgrebeyond.com +1(605) 261-9673

$ 425,000

Est. payment | -/mo

2,220 SqFt

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$ 425,000

Est. payment | -/mo

Save

2,220 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,220 sqft

Price per Sqft $191

Subdivision No Subdivision

MLS Listing ID 22506993

Year Built 1930

Lot Size 0.310 Acres

Acres 0.3099

Lot Dimensions 90*150

Property Sub-Type Duplex

Property Description

Fully Renovated Duplex in Rock Rapids, IA! An exceptional opportunity awaits with this completely renovated and reconstructed duplex, built from the ground up with quality, efficiency, and functionality in mind. Located in the heart of Rock Rapids, IA, this property is ideal for both investors and owner-occupants looking to offset their mortgage by renting out one unit. Each unit offers 1,110 sq ft of living space, featuring 3 bedrooms and 2 bathrooms, including a spacious primary suite with en-suite bath and walk-in closet. Thoughtfully designed for modern living, both units boast open layouts and updated finishes throughout. Garage & Mechanical Highlights: Lower unit includes an attached, insulated, and heated 2-stall garage with a convenient floor drain. Upper unit includes a detached, insulated, and heated 2-stall garage. Both units have separate HVAC systems, water heaters, and individual utility meters for optimal efficiency and independence. All appliances are new or refurbished models bought in 2024 and are included. This includes all kitchen appliances as well as washer and dryer. Investment Incentive: This property currently qualifies for a 100% tax exemption on the first $75,000 of improvements for a period of five years—the first year being calculated on the 2024 tax assessment. This rare incentive adds significant value and long-term savings for the new owner. Occupancy & Income Potential: Both units are currently occupied, offering immediate rental income. Perfect setup to live in one unit and rent the other to dramatically reduce your monthly expenses while building equity. Don't miss this turnkey, income-producing property in a welcoming Iowa community. Whether you're a savvy investor or a homeowner looking for a smart way to live affordably, this duplex delivers value, versatility, and long-term benefits.

Location

State IA

County Other (out Of Jurisdiction)

Area Outside Mls Jurisdiction

Rooms

Basement Full

Interior

Heating Natural Gas

Cooling Central Electric

Appliance Refrigerator, Oven/Range, Dishwasher, Disposal, Washer, Dryer, Microwave, All Units

Exterior

Exterior Feature Hard Board

Roof Type Shingle Composition

Building

Story 2

Foundation Block

Water City Water

Schools

Elementary Schools Ia-Central Lyon Elementary

Middle Schools Ia-Central Lyon Secondary

High Schools Ia-Central Lyon Secondary

School District Ia-Central Lyon Community School

Others

Security Features Smoke Detector

Listed by AMERI/STAR Real Estate, Inc. • Jessica L Mogler

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(605) 261-9673

brandon@bhgrebeyond.com

United States

507 S Greene St Rock Rapids, IA 51246

Brandon Martens

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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507 S Greene St

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