# 415 E Main Street, Montezuma, IA 50171

> **TL;DR:** residential multi family, $189,000 ($68/sqft), built 1900, 2,798 sqft. Est. $1,011/mo. Listed 3 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $189,000 |
| Price/sqft | $68 |
| Square Feet | 2,798 |
| Year Built | 1900 |
| Lot Size | 8,712 sqft (0.20 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 3 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $956 |
| Estimated Insurance | $55 |
| **Total** | **$1,011** |

## Property Highlights

- Built in 1900
- 0.20 acre lot

## Description

### Agent Description
Looking for an investment property that can cash flow immediately? Look no further. Located just a block from the Montezuma square this triplex is fully occupied. Monthly rent is currently $2,200 (Main level - 1 BR $600, 1 BR $700, Upper level - 3 BR $900). Tenants pay for their own utilities. The owner pays for mowing and snow removal. Parts of all three units have been updated within last 24 months with most notably updates to main floor kitchen ('26), upstairs shower, kitchen floor and paint ('26), new windows and renovated third bedroom in upper unit offering more living space. Each unit has a full bath, kitchen with owner-owned appliances, its own electric meter, HVAC system and laundry hookups. The building is well maintained with vinyl siding, metal roof, most of the windows have been replaced, circuit breaker panels, and HVAC systems. Profit/Loss provided upon request.

## Location

- **Address:** 415 E Main Street, Montezuma, IA 50171
- **County:** Poweshiek
- **Coordinates:** 41.585583, -92.522632
- **Google Maps:** https://www.google.com/maps?q=41.585583,-92.522632

## Listing Agent

- **Name:** Andy Erselius
- **Brokerage:** AE Realty, Inc
- **Phone:** 6412262639

## Primary Photo

![415 E Main Street - Primary Photo](http://lh.rdcpix.com/e1432d31f35db9ea69f3f687d8e56996l-f1727244302r.jpg)

*31 total photos available on [listing page](https://www.propertysimple.ai/listing/415-e-main-street-montezuma-ia-50171-6339897)*

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**MLS#:** 6339897 | **Updated:** 2026-08-01
**Source:** listhub

*Copyright © 2026 NoCoast MLS. 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/415-e-main-street-montezuma-ia-50171-6339897)

---

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