1511 5th Street
Boone, IA 50036
2
Bed
1
Bath
840Sqft
INVESTOR PORTFOLIO OPPORTUNITY! Three occupied rental properties in Boone offered together for $220,000. The portfolio includes 1511 5th St, 422 8th St, and 1415 5th St. All three homes are currently occupied and feature 2 bedrooms and 1 bathroom. Combined rental income is $2,350/month, providing a strong 12.8% gross rent to purchase price ratio before expenses. A great opportunity for an investor looking to acquire multiple income producing properties in one transaction. All three properties are being sold AS IS. Please do not disturb tenants. Showings require appropriate notice.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 2Bathroom Information
Total Baths: 1 Full Baths: 1Room Information
Has Basement: Yes Basement: Unfinished -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle Appliances: Cooktop, Dryer, Refrigerator, Washer -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1884 Building Area Total: 840 Construction Materials: Asbestos, Wood Siding Stories: 1 Private Pool: No
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Listing Price Information
Listing Price: $60000 Cash, Conventional
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Tax Information
Parcel Number: 088426272282105 Annual Tax: $1575.73 Tax Legal Desc: W 45' OF E 90' OF LOTS 6 & 7 BLOCK 171 NW NW
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Parking Information
Carport, Detached, GarageGarage Information
Has Garage: Yes Garage Space: 1
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Location Information
Direction: Head into Boone on IA 17 N, turn left onto Robin Rd, turn left onto 210th St, turn right onto Clinton St, turn right onto 5th St. House will be on your left. WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 215 Morningside Street, Boone, IA, 50036 | $425,000 | 5 | 4 | 1,574 | 0.27 Acre |
| 929 S Jackson Street, Boone, IA, 50036 | $599,900 | 4 | 3 | 1,923 | 0.35 Acre |
| 1610 5th Street, Boone, IA, 50036 | $198,900 | 3 | 2 | 1,350 | 0.20 Acre |
| 1509 Crestwood Drive, Boone, IA, 50036 | $525,000 | 4 | 3 | 1,649 | 0.34 Acre |
| 1416 Aldrich Avenue, Boone, IA, 50036 | $445,000 | 3 | 2 | 1,504 | 0.24 Acre |
| 1402 13th Street, Boone, IA, 50036 | $225,000 | 2 | 1 | 1,115 | 0.21 Acre |
| 2006 Linn Street, Boone, IA, 50036 | $225,000 | 3 | 2 | 1,316 | 0.26 Acre |
| 1722 Linn Street, Boone, IA, 50036 | $299,900 | 4 | 3 | 2,040 | -- |
| 873 P Avenue, Boone, IA, 50036 | $339,000 | 4 | 2 | 2,991 | 0.69 Acre |
| 504 Linn Street, Boone, IA, 50036 | $196,000 | 4 | 1 | 2,240 | -- |
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the Des Moines Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Des Moines Area Association of REALTORS®. All Rights Reserved.
ByOwner last updated this listing 09/11/2026 @ 15:00
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