# 523 S 2nd Street, Winterset, IA 50273

> **TL;DR:** 5bd/2ba multi-family, $125,000 ($80/sqft), built 1870, 1,556 sqft.
> A/C. Est. $542/mo. Listed 354 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $125,000 |
| Price/sqft | $80 |
| Bedrooms | 5 |
| Bathrooms | 2 full |
| Square Feet | 1,556 |
| Year Built | 1870 |
| Lot Size | 13,939 sqft (0.32 acres) |
| Property Type | Multi-Family (Duplex) |
| Status | For Sale |
| Days on Market | 354 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $542 |
| **Total** | **$542** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1870
- 0.32 acre lot

## Description

### Agent Description
This conversion duplex offers the perfect opportunity to add value and generate strong returns. Located just blocks from downtown Winterset, this property is ideal for house hackers, investors, or anyone looking to expand their portfolio in a growing community. Each unit offers spacious layouts with room for updates and personalization. With separate entrances, utilities, and off-street parking the bones are here, just bring your vision and finishing touches. Live in one unit while renting out the other, or lease both for solid long-term cash flow. Whether you're looking to renovate and hold or flip for profit, this is a rare chance to capitalize on affordable multifamily in a desirable small-town setting. Don't miss this one!

## Location

- **Address:** 523 S 2nd Street, Winterset, IA 50273
- **County:** Madison
- **Coordinates:** 41.33046, -94.011801
- **Google Maps:** https://www.google.com/maps?q=41.33046,-94.011801

## Listing Agent

- **Name:** Benjamin Grotzke
- **Brokerage:** LPT Realty, LLC
- **Phone:** 5157450425
- **Email:** ben@bengrotzke.com

## Primary Photo

![523 S 2nd Street - Primary Photo](http://lh.rdcpix.com/14e9ffd59c74c287a072cfa701e210bfl-f1273354180r.jpg)

*13 total photos available on [listing page](https://www.propertysimple.com/listing/523-s-2nd-street-winterset-ia-50273-a720154)*

---

**MLS#:** 720154 | **Updated:** 2026-06-18
**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.com/listing/523-s-2nd-street-winterset-ia-50273-a720154)

---

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