4304 V St Homestead, IA 52236
Estimated payment $1,039/month
Highlights
- Brick or Stone Mason
- Living Room
- Forced Air Heating System
About This Home
Exceptional investment opportunity in the heart of Homestead with strong cash flow on day one! This property features a 4-unit historic multifamily property paired with an exceptional 3-bedroom single family home! With tenants in every unit, including the single-family home, this property has immediate income with proven long-term potential. Residents enjoy a large outdoor common space and off-street parking for every unit, a rare and valuable amenity. The single-family home on the property boasts updates throughout and provides excellent income or future owner-occupant flexibility. With its proximity to local industry and rental demand, this property is poised for continued success. Priced well under assessed value, this is a compelling opportunity for investors seeking a turnkey property with built-in equity and consistent returns.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1868
Lot Details
- Lot Dimensions are 93x300
Parking
- 4 Parking Spaces
Home Design
- Brick or Stone Mason
Interior Spaces
- 2,682 Sq Ft Home
- Living Room
- Oven or Range
Basement
- Partial Basement
- Block Basement Construction
Schools
- Clear Creek Elementary And Middle School
- Clear Creek High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Heating System Mounted To A Wall or Window
- Internet Available
Listing and Financial Details
- Assessor Parcel Number 0850-0502-0
Community Details
Overview
- 5 Units
- Homestead Subdivision
Building Details
- Insurance Expense $4,627
- Maintenance Expense $2,000
- Water Sewer Expense $2,640
- Gross Income $43,920
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,860 | $202,030 | $32,360 | $169,670 |
| 2024 | $2,774 | $197,760 | $25,110 | $172,650 |
| 2023 | $2,494 | $197,760 | $25,110 | $172,650 |
| 2022 | $2,882 | $152,670 | $25,110 | $127,560 |
| 2021 | $3,102 | $152,670 | $25,110 | $127,560 |
| 2020 | $3,286 | $152,670 | $25,110 | $127,560 |
| 2019 | $3,402 | $152,670 | $25,110 | $127,560 |
| 2018 | $3,530 | $152,670 | $25,110 | $127,560 |
| 2017 | $3,684 | $152,670 | $25,110 | $127,560 |
| 2016 | $3,914 | $152,670 | $25,110 | $127,560 |
| 2015 | -- | $152,670 | $25,110 | $127,560 |
| 2014 | -- | $123,570 | $25,110 | $98,460 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/02/2026 03/02/26 | Pending | -- | -- | -- | |
| 02/24/2026 02/24/26 | For Sale | $150,000 | -5.1% | $56 / Sq Ft | |
| 10/01/2013 10/01/13 | Sold | $158,000 | -9.7% | $26 / Sq Ft | View Prior Sale |
| 09/05/2013 09/05/13 | Pending | -- | -- | -- | |
| 12/07/2012 12/07/12 | For Sale | $175,000 | -- | $29 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $328,625 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $108,000 | New Conventional |
Source: Iowa City Area Association of REALTORS®
MLS Number: 202601327
APN: 08-50-0502-0
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Listing information is deemed reliable, but not guaranteed accurate by the MLS.
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Ask me questions while you tour the home.