Gilbert, IA 50105 198 1st Street

$350,000

Pending
198 1st Street Gilbert, IA - Image 1198 1st Street Gilbert, IA - Image 2198 1st Street Gilbert, IA - Image 3
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Presented By: RE/MAX REC
  • Des Moines Area AOR (DMAAR) - 188 - IA
  • MLS# 713109
  • 03/13/2025
  • Request Tour
  • Request Info
  • SQFT • 3,932

Home Details

Investor or House Hack Opportunity! This well-maintained 4-plex, located in the growing town of Gilbert, offers four spacious 2-bedroom, 1.5-bathroom units. Each unit features a private back deck or patio overlooking a wooded area for added privacy. Recent updates include a new roof, gutters, and flooring. The property also features a master lock system and a brick exterior ensuring durability with minimal maintenance. All utilities are separately metered, reducing landlord expenses. With Gilbert's strong rental demand, there's excellent potential to increase rents and maximize cash flow. Walking distance to Gilbert's highly rated school and charming Main Street is great for tenant retention. This prime multi-family property won't last long!
Presented By: RE/MAX REC

Interior Features for 198 1st Street

Bedrooms

Total Bedrooms

Bathrooms

3/4 Baths0
Half Baths
Total Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Furnished Y/NUnfurnished
Heating Y/NYes
Laundry FeaturesMainLevel

Other Rooms

General for 198 1st Street

Additional Parcels Y/NNo
AppliancesCooktop, Dryer, Microwave, Refrigerator, Stove, Washer
Architectural StyleTwoStory
Attached Garage No
Carport Y/NNo
CityGilbert
Construction MaterialsBrick
CoolingCentralAir
CountyStory
Directionsnorth of mathews road
Electric On Property Y/NNo
Elementary School DistrictGilbert
Full Baths
Garage Y/NNo
HOANo
HeatingForcedAir, Gas, NaturalGas
High School DistrictGilbert
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionSECTION:04 TOWNSHIP:84 RANGE:24 S1/2 SE PARCEL A LOT 11 GILBERT
LevelsTwo
Listing TermsCash, Conventional
Lot Size Square Feet19000.0
Lot Size UnitsAcres
MLS AreaGilbert
Middle/Junior School DistrictGilbert
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeTenant
OwnerPaysInsurance, Taxes
PostalCityGilbert
Property Attached Y/NNo
Property TypeMultiFamily
Rent Control Y/NNo
RoofAsphalt, Shingle
Senior Community Y/NNo
SewerPublicSewer
Standard StatusPending
StatusPending
Stories2
Tax Annual Amount4491.05
Tenant PaysElectricity, Gas, Insurance, Water
UtilitiesElectricityAvailable, NaturalGasAvailable, WaterAvailable
Waterfront Y/NNo
Year Built1972
Zoningres

Exterior for 198 1st Street

Building Area Total3932.0
Crops Included Y/NNo
Foundation DetailsBrickMortar
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.4362
Lot Size Area0.4362
Open Parking Y/NNo
Private PoolNo
SpaNo
Water SourcePublic

Additional Details

Price History

Rachel Tiskevics

Realtor®
Price $350,000
MLS#713109
List Date 03/13/2025
Property Type Pending
Phone 641.230.0537
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