111 E Ninth Street, Madrid, IA 50156
Local realty services provided by:Better Homes and Gardens Real Estate Innovations
111 E Ninth Street,Madrid, IA 50156
$188,000
- 3 Beds
- 3 Baths
- 2,049 sq. ft.
- Multi-family
- Active
Listed by:jessica schaffer
Office:lpt realty, llc.
MLS#:720665
Source:IA_DMAAR
Price summary
- Price:$188,000
- Price per sq. ft.:$91.75
About this home
Great opportunity to add to or start your rental portfolio with this 3-plex in the heart of Madrid! This 2-story multi-family property sits on a spacious double lot and features fresh exterior and interior paint along with new carpet. It includes three 1-bed, 1-bath units. Two are on the main level and one upstairs. One main-floor unit offers a non-conforming bedroom/flex space. One unit is currently rented, providing immediate income. The nearby High Trestle Trail adds appeal for renters. The extra .23-acre lot to the north is perfect for adding a shop or future expansion. A smart investment with long- or short-term rental potential. Schedule your showing today!
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Home facts
- Year built:1885
- Listing ID #:720665
- Added:93 day(s) ago
- Updated:September 18, 2025 at 08:46 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:3
- Living area:2,049 sq. ft.
Heating and cooling
- Cooling:Window Units
- Heating:Forced Air, Gas, Natural Gas
Structure and exterior
- Year built:1885
- Building area:2,049 sq. ft.
- Lot area:0.2 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$188,000
- Price per sq. ft.:$91.75
- Tax amount:$2,918 (2024)
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