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507 S Greene St, 
Rock Rapids, IA 51246

$425,000


Bed


Bath


2,220

Sq Ft


Multi-Family

Active

Listed by

Jessica Mogler

Ameri/Star Real Estate, Inc.

jessica@ameri-star.net

Last updated:

February 4, 2026, 04:01 PM

MLS#

22506993

Source:

SD RASE

About This Home

507 S Greene St

Fully Renovated Duplex in Rock Rapids, IA! An exceptional opportunity awaits with this completely renovated and reconstructed duplex, built from the ground up with quality, efficiency, and functionality in mind. Located in the heart of Rock Rapids, IA, this property is ideal for both investors and owner-occupants looking to offset their mortgage by renting out one unit. Each unit offers 1,110 sq ft of living space, featuring 3 bedrooms and 2 bathrooms, including a spacious primary suite with en-suite bath and walk-in closet. Thoughtfully designed for modern living, both units boast open layouts and updated finishes throughout. Garage & Mechanical Highlights: Lower unit includes an attached, insulated, and heated 2-stall garage with a convenient floor drain. Upper unit includes a detached, insulated, and heated 2-stall garage. Both units have separate HVAC systems, water heaters, and individual utility meters for optimal efficiency and independence. All appliances are new or refurbished models bought in 2024 and are included. This includes all kitchen appliances as well as washer and dryer. Investment Incentive: This property currently qualifies for a 100% tax exemption on the first $75,000 of improvements for a period of five years—the first year being calculated on the 2024 tax assessment. This rare incentive adds significant value and long-term savings for the new owner. Occupancy & Income Potential: Both units are currently occupied, offering immediate rental income. Perfect setup to live in one unit and rent the other to dramatically reduce your monthly expenses while building equity. Don't miss this turnkey, income-producing property in a welcoming Iowa community. Whether you're a savvy investor or a homeowner looking for a smart way to live affordably, this duplex delivers value, versatility, and long-term benefits.

Home Facts

Multi-Family

Built in 1930

Price Summary

425,000

$191 per Sq. Ft.

MLS #:

22506993

Last Updated:

February 4, 2026, 04:01 PM

Added:

4 month(s) ago


Rooms & Interior

Interior

Living Area:

2,220 Sq. Ft.


Structure

Structure

Building Area:

2,220 Sq. Ft.

Year Built:

1930


Lot

Lot Size (Sq. Ft):

13,499


Finances & Disclosures

Finances

Price:

$425,000

Price per Sq. Ft:

$191 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.