Listing provided courtesy of AMERI/STAR Real Estate, Inc.MLS# 22506993MLS ProviderContact Information: [email protected]
  • 293 days on site
  • 1 views

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.

Source: Realtors Association of the Sioux Empire, INC, MLS#: 22506993

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  • Property Type
    Residential Income
  • Lot
    0.31 acres

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Pamela Hoefert

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 507 S Greene St


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
9/22/2025Source: Realtors Association of the Sioux Empire, INC Status Change
Active - Active
9/22/2025Source: Realtors Association of the Sioux Empire, INC Status Change
Active
9/10/2025Source: Realtors Association of the Sioux Empire, INC Added to Database
September 10, 2025