215 E Ninth Street, Madrid, IA 50156
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215 E Ninth Street, Madrid, IA 50156
215 E Ninth Street, Madrid, IA 50156
215 E Ninth Street, Madrid, IA 50156
215 E Ninth Street, Madrid, IA 50156
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Traci Jennings

Traci Jennings

+1(515) 291-8720
$ 349,900
Est. payment /mo
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Active

215 E Ninth Street Madrid, IA 50156

6 Beds

4 Baths

2,686 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Square Footage 2,686 sqft

Price per Sqft $130

MLS Listing ID 736117

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 1918

Annual Tax Amount $3,092

Property Sub-Type Residential

Property Description

Rare opportunity to own a unique and versatile 3,400 sqft residential home with four separate living spaces (each with a private entry). Perfect for an owner-occupant looking to offset their mortgage, or a house hacker or investor looking for additional income streams! The property consists of Unit 1 - XL 2bed/1bath unit with a shared enclosed porch. Unit 2. - Upstairs studio / full bath with a shared enclosed porch. Unit 3 - 2bed/1bath with a private enclosed porch and Unit 4 - 1bed/1bath. Units 1 & 2 could be combined to make a large, 2,200 sq ft living space for an owner-occupier while generating rental income from the two remaining units. Three of the units are fully furnished, all which conveys with the sale. All units are currently occupied with short-term leases. The property has extensive updates including new kitchens in each unit, new windows throughout, new hot water tanks, and newer mini-split systems. In addition, a 2,400 sqft unfinished basement with tall ceilings is a huge value add opportunity. With multiple living spaces, additional income streams, and significant upgrades, this property offers exceptional potential for the right buyer!

Location

State IA

County Boone

Area Madrid

Zoning Res

Rooms

Basement Unfinished

Main Level Bedrooms 5

Interior

Heating Baseboard, Electric, Forced Air, Gas, Natural Gas

Cooling Central Air

Flooring Laminate

Fireplace No

Appliance Cooktop, Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer

Laundry Main Level

Exterior

Exterior Feature Deck, Storage

Parking Features Carport

Community Features Sidewalks

Roof Type Asphalt,Shingle

Porch Deck

Private Pool No

Building

Lot Description Rectangular Lot

Dwelling Type Apartment,Multi Family

Foundation Block, Brick/Mortar

Sewer Public Sewer

Water Public

Additional Building Storage

Schools

School District Madrid

Others

Senior Community No

Tax ID 088226364186028

Monthly Total Fees $257

Security Features Smoke Detector(s)

Acceptable Financing Cash, Contract, FHA, USDA Loan, VA Loan

Listing Terms Cash, Contract, FHA, USDA Loan, VA Loan

©2026 Des Moines Area Association of REALTORS®. All rights reserved.
Listed by Boutique Real Estate

NEARBY SCHOOLS & PROPERTIES

Traci Jennings

Traci Jennings

Broker/Owner | License ID: B58326000

+1(515) 291-8720

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