IA > Madrid
Madrid, IA 50156,111 E Ninth Street
Madrid, IA 50156,111 E Ninth Street
Madrid, IA 50156,111 E Ninth Street
Madrid, IA 50156,111 E Ninth Street
Madrid, IA 50156,111 E Ninth Street
Madrid, IA 50156,111 E Ninth Street
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Jessica Schaffer

Jessica Schaffer

+1(515) 975-7075
$ 188,000
Est. payment | /mo

3 Beds

3 Baths

2,049 SqFt

Save
$ 188,000
Est. payment | /mo
Save

3 Beds

3 Baths

2,049 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,049 sqft

Price per Sqft $91

MLS Listing ID 720665

Style Two Story

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1885

Annual Tax Amount $2,918

Tax Year 2024

Lot Size 8,712 Sqft

Acres 0.2

Property Description

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!

Location

State IA

County Boone

Area Madrid

Zoning PUD

Rooms

Basement Partial, Unfinished

Interior

Interior Features Cable TV

Heating Forced Air, Gas, Natural Gas

Cooling Window Unit(s)

Flooring Carpet, Vinyl

Fireplace No

Appliance Refrigerator, Stove

Exterior

Private Pool No

Building

Lot Description Rectangular Lot

Entry Level Two

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Madrid

Others

Tax ID 088226364186042

Monthly Total Fees $243

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

©2025 Des Moines Area Association of REALTORS®. All rights reserved.
Listed by LPT Realty, LLC

Learn More About LPT Realty

Jessica Schaffer
Jessica Schaffer

Agent | License ID: S63816000

+1(515) 975-7075 | jessica@schaffer-realestate.com

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111 E Ninth Street