About This Home

This 4-bedroom, 3-bathroom single family at 1204 5th Street in Nevada, IA is listed for $395,000 ($68 per sqft). Built in 1900, the home offers 5,797 sqft of living space on a 0.39 acres lot.

Key Features

  • Built in 1900
  • 0.39 acre lot
  • 2 stories

Property Details

2 stories
2 full, 1 half
3-car garage
1900

Amenities

HardwoodA/C
Listing Description

Opportunity awaits at 1204 5th Street in Nevada, a unique and versatile property offering an incredible amount of space and possibilities in a highly visible location along Lincoln Highway. With nearly 6,800 square feet of finished space amongst all levels, multiple residential units, extensive garage space, and ample concrete parking, this propert

y presents an exciting opportunity for an investor, business owner, or someone looking for a truly one-of-a-kind property. The expansive main level features a beautiful open wood staircase, accessible restroom, and flexible space that could accommodate a variety of office, retail, or other uses.

Upstairs, the second level features two 2-bedroom apartments, providing an opportunity for rental income while utilizing the main level for another purpose. Both apartments have benefited from significant updates. The second floor also includes a shared laundry area and one unit has access to a rooftop deck.

The property also includes a large finished basement with approximately 1,100 finished square feet, providing even more usable space for storage, operations, recreation, or other needs. Garage and parking space are another major highlight. The property features an approximately 1,000-square-foot attached garage with three overhead doors, along with an additional 525-square-foot detached garage. Combined with plenty of concrete parking, there is plenty of room for vehicles, equipment, tenants, etc.

Monthly Cost Estimate

$2,113/mo

20% down · 6.5% · 30 years

Principal$286
Interest$1,712
Insurance$115

Estimates only. Actual payments may vary.

Location

1204 5th Street

Nevada, IA 50201

Features & Amenities

Interior Features

DiningAreaWindowTreatments

Exterior Features

Deck

Property Details

Flooring

CarpetVinylHardwood

Construction

Brick VinylSiding

Outdoor Features

Deck

Parking

Garage

Heating

Natural GasForced Air

Cooling

Central Air

Questions & Answers

This 4-bedroom, 3-bathroom single family at 1204 5th Street is listed at $395,000 ($68/sqft). The estimated monthly payment is $2,112 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.39 acre lot, 2 stories. Interior Features: DiningArea, WindowTreatments. Exterior Features: Deck.

This property is listed by Marc Olson and can be reached at (515) 276-2872.

MO

Marc Olson

Agent at RE/MAX Concepts

(515) 276-2872
Agent website

Listed by RE/MAX Concepts · Broker phone: (515) 276-2872 · View on Broker Site · Broker website

MLS# 748017· Source: Des Moines Area Association of REALTORS®, Inc.· 55 days on PropertySimple

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.

1204 5th Street, Nevada, IA 50201

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