902 5th Avenue Council Bluffs, IA 51501
Listing Courtesy of: SOUTHWEST IOWA / J. Leaders Realty

  902 5th Avenue Council Bluffs, IA 51501

Active (5 Days)
$149,000
4
BED
3
BATH
2,456
SQFT
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Description

Lots of value to be added! This solid multifamily property offers three units total two 1-bedroom apartments and one 2-bedroom apartment. Tenants enjoy rare convenience with an attached garage stall plus three off-street parking spaces. Currently generating $23,520/year gross income (net $16,620/year), the property is already cash flowing, and with two units turning over at closing, you'll have immediate opportunity to renovate and increase rents. Whether you're seeking steady income or looking to maximize returns with sweat equity, this investment is packed with potential!

MLS #:
25-1947
Taxes
$2,884(2023)
Type
Multifamily
Year Built
1900
School District
Council Bluffs
County
Pottawattamie County

Listed By

Jamie L Leaders, J. Leaders Realty
Source
SOUTHWEST IOWA
Last checked Sep 18 2025 at 12:58 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
Heating and Cooling
  • Gas Fa
  • Window A/C
  • No A/C
  • Radiant
Exterior Features
  • Roof: Composition
School Information
  • Elementary School: Bloomer
  • Middle School: Gerald W Kirn
  • High School: Abraham Lincoln
Parking
  • 1 - 3
Living Area
  • 2,456 sqft
Location
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2025 Southwest Iowa MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 9/17/25 17:58
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