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190 1st Street, 
Gilbert, IA 50105

$350,000


8

Beds


4

Baths


3,932

Sq Ft


Multi-Family

Pending

Listed by

Fett, Collin

RE/MAX Rec

515-232-4663

Last updated:

April 2, 2025, 07:22 AM

MLS#

714105

Source:

IA DMAAR

About This Home

190 1st Street

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. 2 units in this building have been renovated and the other 2 are still original finishes. 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!

Home Facts

Multi-Family

4 Baths

8 Bedrooms

Built in 1970

Price Summary

350,000

$89 per Sq. Ft.

MLS #:

714105

Last Updated:

April 2, 2025, 07:22 AM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

3,932 Sq. Ft.


Structure

Structure

Architectural Style:

Two Story

Building Area:

3,932 Sq. Ft.

Year Built:

1970


Lot

Lot Size (Sq. Ft):

19,000


Finances & Disclosures

Finances

Price:

$350,000

Price per Sq. Ft:

$89 per Sq. Ft.

Source:IA DMAAR
The information being provided by Des Moines Area Association of REALTORS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Des Moines Area Association of REALTORS All rights reserved.

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Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.