Jennifer Weigel - Nerem & Associates Real Estate Logo
$185,000
 $993 est/mo Sourced by Back At You

215 Cedar Street,Story City, IA 50248

Story City, IA 50248

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Description

Excellent investment opportunity! This 3-level tri-plex offers immediate income with long-term tenants already in place and a proven rental history. The property features three separate units: a 2-bedroom, 1.5-bathroom basement apartment, a 2-bedroom, 1-bathroom main level unit, and a 1-bedroom, 1-bathroom upper-level apartment. Tenants pay all utilities except water, helping keep operating expenses low and maximizing your return. Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this triplex offers reliable cash flow and strong rental potential. Don't miss your chance to own a turnkey investment with established occupancy.

Details

MLS #70720
Listing TypeFor Sale
StyleTriplex
Sub-TypeResale
StatusActive
Year1910
Days On Site38
Listing Provided ByNorsemen Realty Team - Friedrich Realty | Tyler/Megan Frederiksen

Features

SQ Feet1,552
Units3
ZoningR (MR R3+)
Acreage0.26

Interior

HeatingForced Air
Heating Yes / NoYes
CoolingCentral Air
Cooling Yes / NoYes

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer
Water SourcePublic

Taxes

Tax Assessed Value151500
Tax Annual Amount2138

Area Information

StateIA
CountyStory
CityStory City
Zip Code50248
AreaStory City
SubareaStory City
School DistrictRoland-Story
High SchoolRoland-Story
Listing VS Median (in 50248)
Price:
$185,000
low | high
Med:
$392,450
62.135135135135% of Average
sqft:
1,552
low | high
Med:
1,398
59.922680412371% of Average
$ / sqft:
$119
low | high
Med:
$280
84.63970242019% of Average
On site:
38
low | high
Med:
40
95% of Average
Sourced by Back At You

Market Activity 50248

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Contact

Learn More About This Property

Jennifer Weigel

Jennifer Weigel

Nerem and Associates

 (515) 230-5535jenniferaweigel@gmail.com
StateIA
CountyStory
CityStory City
Zip Code50248
AreaStory City
SubareaStory City
School DistrictRoland-Story
High SchoolRoland-Story
Listing VS Median (in 50248)
Price:
$185,000
low | high
Med:
$392,450
62.135135135135% of Average
sqft:
1,552
low | high
Med:
1,398
59.922680412371% of Average
$ / sqft:
$119
low | high
Med:
$280
84.63970242019% of Average
On site:
38
low | high
Med:
40
95% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $138K - $231K
sqft: 1,000 - 1,500
Nearby Listings Property ImageNearby Listings Details
522 Story Street 303 Property Photo 1
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522 Story Street 303
Story City, IA 50248
709 Broad Street Unit #6 Property Photo 1
$90,000
709 Broad Street Unit #6
Story City, IA 50248
709 Broad Street 33 Property Photo 1
$92,000
709 Broad Street 33
Story City, IA 50248
Listing Updated: July 14, 2026 at 6:23:52 AM PDT