415 E Main Street, Montezuma, IA 50171
Poweshiek County
Key Facts
Description
Looking for an investment property that can cash flow immediately? Look no further. Located just a block from the Montezuma square this triplex is fully occupied. Monthly rent is currently $2,200 (Main level - 1 BR $600, 1 BR $700, Upper level - 3 BR $900). Tenants pay for their own utilities. The owner pays for mowing and snow removal. Parts of all three units have been updated within last 24 months with most notably updates to main floor kitchen ('26), upstairs shower, kitchen floor and paint ('26), new windows and renovated third bedroom in upper unit offering more living space. Each unit has a full bath, kitchen with owner-owned appliances, its own electric meter, HVAC system and laundry hookups. The building is well maintained with vinyl siding, metal roof, most of the windows have been replaced, circuit breaker panels, and HVAC systems. Profit/Loss provided upon request.
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Year Built
1900
Living Area
2,798 sq ft
Lot Size
0.20 acres
Lot Dimensions
66X132
Garage Spaces
1
Zoning
Business/Commercial
Days on Market
3
MLS® Listing#
6339897
Property Features
Heating
Parking
Lot Features
Construction
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$1,632
Tax year 2026
Parcel Number
1442300
Directions
I-80 to Hwy 63 south into Montezuma left on E Main St 4 blocks to property on left
Affordability Calculator
$37,800
Estimated monthly payment
$1,006/mo
Principal $151,200 · Est. interest $210,937 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Montezuma, IA
- $340,000
- Median Listing Price
- 72
- Median Days on Market
- 1,456
- Median Sq Ft
- $245
- Median Price / Sq Ft
- 52
- Active Listings
- This home’s price is 44% below the area median.
- Its price per sq ft is 72% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Montezuma, IA.
Location
Points of Interest in Montezuma, IA
Showing the Montezuma area map.
Nearby Schools
Montezuma High School
Secondary · 0.3 mi away
North Mahaska Elementary School
Elementary · 10.9 mi away
BGM Community School
Secondary · 11.3 mi away
Tri-County High School
Secondary · 13.3 mi away
Grinnell Middle School
Secondary · 14.1 mi away
St John's Lutheran School
School · 14.1 mi away
Diamond Trail Children's Center
School · 14.4 mi away
Davis Elementary School
Elementary · 14.8 mi away
Fairview Elementary
Elementary · 15.0 mi away
Ucc Community Preschool
School · 15.1 mi away
HLV Community School
Secondary · 15.5 mi away
Bailey Park Elementary School
Elementary · 15.7 mi away
Grinnell Community Senior High School
Secondary · 16.0 mi away
Central Iowa Christian School
School · 16.1 mi away
Lynnville-Sully CSD
School · 16.6 mi away
Peoria Christian School
School · 16.7 mi away
Lynnville-Sully High School
Secondary · 17.1 mi away
Oskaloosa Community School District
School · 20.1 mi away
Oskaloosa Middle School
Secondary · 20.1 mi away
Oskaloosa Christian School
School · 20.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 380 Timber Ridge, Montezuma, IA | $134,000 | — | — | — |
| 304 E Dallas Street, Montezuma, IA | $139,000 | 4 | 2 | 1,806 |
| 0 Centerpoint Drive, Montezuma, IA | $148,000 | — | — | — |
| 4854 103rd St, Montezuma, IA | $148,500 | — | — | 2,400 |
| 206 Woodland Road, Montezuma, IA | $150,000 | — | — | — |
| 203 E Washington Street, Montezuma, IA | $159,500 | 3 | 2 | 1,510 |
Moving Cost Estimate
EXIT Agents in Montezuma
Listing Courtesy: AE Realty, Inc - 641-623-2639
Presented by: Andy Erselius