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Listed price in listed location currency (USD).
$239,900

000

MLS® 6334065

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 2912 sqft
Garage No
Taxes $1,406
Days Active 3
Lot Size 0.17 acres
Approx. Age 1976
Avg. Price Per Sqft $82
MLS® Number 6334065

Property Address: 606 Hooper St, Melbourne, IA, 50162-1042

Average square foot calculated using Size range provided by listing agent.

Description

Investor alert! 606 Hopper Street is a completely occupied and priced-to-sell 4-plex in Melbourne, generating over $32, 000 in annual income with a strong 9% CAP rate. Each of the four units features 2 bedrooms and 1 bathroom, offering steady demand and reliable rental performance. The property boasts newer siding and a newer roof, minimizing future maintenance costs and adding long-term value. Tenants enjoy the convenience of a coin-operated laundry, and each unit comes fully equipped with a refrigerator and range, ensuring immediate rental readiness. With solid cash flow, consistent occupancy, and key updates already completed, this multifamily property is a standout opportunity. Sold AS-IS, presenting exceptional value for investors looking to expand their portfolio or secure dependable passive income.
MLS® Number6334065
Laundry Level
Central VacNo
FireplaceNo
Acreage0.17
Exterior
GarageNo
Approx. Age1976
BasementFull, Finished
DrivewayConcrete
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 1, 2025List Date
$239,900List Price
  • Commute

Commute

Starting Address
Destination Address
606 Hooper St, Melbourne, IA

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