# 102 S Main Street, Leon, IA 50144

> **TL;DR:** 28bd/0ba multi-family, $420,000 ($27/sqft), built 1920, 15,651 sqft.
> A/C. Est. $2,247/mo. Listed 214 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $420,000 |
| Price/sqft | $27 |
| Bedrooms | 28 |
| Square Feet | 15,651 |
| Year Built | 1920 |
| Lot Size | 17,642 sqft (0.41 acres) |
| Stories | 3 |
| Property Type | Multi-Family (Apartment) |
| Status | Active |
| Days on Market | 214 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,124 |
| Estimated Insurance | $123 |
| **Total** | **$2,247** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1920
- 0.41 acre lot
- 3 stories

## Description

### Agent Description
Located prominently on Main Street in the heart of Leon, this three-story, 24-unit apartment building presents a rare value-add opportunity in a supply-constrained small-town market. The property features a strong unit mix of 3 studios, 15 one-bedroom/one-bath units, 5 two-bedroom/one-bath units, and 1 three-bedroom unit, supporting broad rental demand and long-term stability. With both in-place income and operational flexibility, a new owner has the ability to thoughtfully renovate, reposition, and increase rents through strategic improvements. Communities like Leon often experience consistent rental demand due to limited multifamily inventory, making well-managed apartment buildings an attractive and essential housing option. Interior updates such as flooring, paint, fixtures, and kitchen and bath enhancements offer clear upside potential to elevate overall performance and asset value. Additional features include four garages for added income potential and shared on-site laundry. Multifamily assets of this scale rarely become available in smaller Midwest markets, making this a compelling opportunity for investors seeking cash flow, growth, and long-term appreciation. Shown by appointment only.

## Location

- **Address:** 102 S Main Street, Leon, IA 50144
- **County:** Decatur
- **Coordinates:** 40.739009, -93.747277
- **Google Maps:** https://www.google.com/maps?q=40.739009,-93.747277

## Virtual Tour & Media

- **Video Tour:** https://mosaics-media.com/102-S-Main-St/idx

## Listing Agent

- **Name:** Sandy Delzell
- **Brokerage:** Iowa Realty Co., Inc.
- **Phone:** 5152318069
- **Broker Phone:** (800) 724-2297
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/102-S-Main-St_Leon_IA_50144_M70962-33965?f=listhub&s=DMAARIA&m=734599&c=propsimple)

## Photos

![102 S Main Street - Photo 1](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f3617662941r.jpg)

![102 S Main Street - Photo 2](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f1525218471r.jpg)

![102 S Main Street - Photo 3](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f178249760r.jpg)

![102 S Main Street - Photo 4](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f421057781r.jpg)

![102 S Main Street - Photo 5](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f2099488298r.jpg)

![102 S Main Street - Photo 6](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f2888207024r.jpg)

![102 S Main Street - Photo 7](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f3454170493r.jpg)

![102 S Main Street - Photo 8](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f3469839593r.jpg)

![102 S Main Street - Photo 9](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f4187566324r.jpg)

![102 S Main Street - Photo 10](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f4241569800r.jpg)

![102 S Main Street - Photo 11](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f4053684968r.jpg)

![102 S Main Street - Photo 12](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f4148235569r.jpg)

![102 S Main Street - Photo 13](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f581695919r.jpg)

![102 S Main Street - Photo 14](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f3916745520r.jpg)

![102 S Main Street - Photo 15](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f3357322751r.jpg)

![102 S Main Street - Photo 16](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f2325294040r.jpg)

![102 S Main Street - Photo 17](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f3642063134r.jpg)

![102 S Main Street - Photo 18](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f389839657r.jpg)

![102 S Main Street - Photo 19](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f3987947380r.jpg)

![102 S Main Street - Photo 20](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f1664488592r.jpg)

![102 S Main Street - Photo 21](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f1507594304r.jpg)

![102 S Main Street - Photo 22](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f907813768r.jpg)

![102 S Main Street - Photo 23](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f3487440242r.jpg)

![102 S Main Street - Photo 24](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f3953019451r.jpg)

![102 S Main Street - Photo 25](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f2715625109r.jpg)

![102 S Main Street - Photo 26](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f3038440505r.jpg)

![102 S Main Street - Photo 27](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f1895982816r.jpg)

![102 S Main Street - Photo 28](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f2688735320r.jpg)

![102 S Main Street - Photo 29](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f1260062557r.jpg)

![102 S Main Street - Photo 30](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f115455457r.jpg)

![102 S Main Street - Photo 31](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f1404828283r.jpg)

![102 S Main Street - Photo 32](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f354997900r.jpg)

![102 S Main Street - Photo 33](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f3511370227r.jpg)

![102 S Main Street - Photo 34](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f861494208r.jpg)

![102 S Main Street - Photo 35](http://lh.rdcpix.com/c9d419bcb8b55039c4fc3a702e9c3474l-f83159994r.jpg)

---

**MLS#:** 734599 | **Updated:** 2026-09-18
**Source:** listhub

*Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/102-s-main-street-leon-ia-50144-a734599)

---

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