404 Jefferson St, Decorah, IA 52101
$494,000
MLS ID #: NBR20263849
ABOVE GRADE: 3,585 ft2
Investment Opportunity in Decorah! Well-maintained 4-unit apartment building located just 3 blocks from downtown Decorah and close to the middle school. Each unit includes its own off-street parking space. Unit 1: 1 bed, 1 bath with patio; completely renovated in 2020. $1,045/month Unit 2: 2 bed, 1 bath with a long-term tenant. $770/month Unit 3: 1 bed, 1 bath; completely renovated in 2025. $900/month Unit 4: Turnkey 2 bed, 2 bath Airbnb with deck; completely renovated in 2023. 2025 revenue: $19,098 Additional improvements include a roof replaced in 2017 and vinyl siding installed in 2019. This is a great opportunity to add a solid income-producing asset to your investment portfolio! Call your Realtor today for more information and to schedule a private showing.
PROPERTY FEATURES
MLS ID #:
20263849
Property Address:
404 Jefferson St
Decorah, IA 52101
Decorah, IA 52101
County:
Winneshiek
Year Built:
1900
Property Type:
Residential Income
Sub-Type:
Quadruplex
Number of Units:
4
School:
Decorah Community Schools
Date Listed:
August 14th, 2026
Status:
Pending
Price:
$494,000.00
Gross Taxes:
$5,758.05
Water/Sewer Expense:
$90.00
Tenant Responsible:
Electricity, Gas
Sale/Rent:
For Sale
Sale/Lease Type:
Normal Sale
Docs on File:
Lead Paint Disclosure
Zoning:
R-3
Legal Desc:
LOT 9 BLK 23 ORIGINAL DECORAH
Laundry:
Dryer Hookup-Ele, Washer Hookup
Basement:
Concrete, Stone/Rock
Garage Type:
Parking Space, On Street, None
Garage/Parking:
Parking Space, On Street, None
Off-Street Parking:
4.00
Total Fin Sq Ft:
3,585 sq ft
Fin Below Grade:
1,235 sq ft
Fin Above Grade:
1,722 sq ft
3rd Level Sq Ft:
628 sq ft
Lot Sq Footage:
6,519
Lot Dimensions:
53.00 x 123.00
Reg/Irreg:
Reg
Acres:
0
Road Frontage:
Hard Surface Road
Siding:
Vinyl
Construction:
Vinyl Siding
Roof Type:
Asphalt
Utilities Available:
Water in Rent
Water Type:
Public
Sewer Type:
Public Sewer
Fuel Type:
Natural Gas
Water Sep by Unit:
No
Elec Sep by Unit:
Yes
Heat Sep by Unit:
Yes
Cooling:
Central Air
Flood Plain Class:
C/X - Not in Flood Plain
Listing provided courtesy of Kelly Real Estate Inc.Listing Agent: Marcia Madrigal
IDX data comes from the Northeast Iowa Regional Board of Realtors®. IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed accurate by the MLS.
