102 S Main Street
Leon, IA 50144
28
Bed
0
Bath
15,651Sqft
0.41Acre(Lot)
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 kitche
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 28Room Information
Has Basement: Yes Basement: Unfinished, Walk-Out Access -
Flooring Information
Carpet, Vinyl -
Roofing Information
Rolled/Hot Mop -
Interior Features
Roof: Rolled/Hot Mop Appliances: Cooktop, Dryer, Refrigerator, Washer Laundry Features: Main Level, Upper Level -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Electric, Forced Air, Hot Water Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Year Built: 1920 Building Area Total: 15651 Construction Materials: Brick, Wood Siding Stories: 3 Private Pool: No
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Lot Information
Lot Dimensions: 180x98 Main Square Feet: 0.405 Acres Lot Size Acres: 0.405 Lot Size Square Feet: 17640 Lot Description: Rectangular Lot
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Listing Price Information
Listing Price: $529000 Original Price: $575000 Cash, Conventional
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Tax Information
Parcel Number: 0733101005 Annual Tax: $5902 Tax Legal Desc: OT S 64' LOT 1 THRU 3 & ALL LOTS 10 THRU 12, BLK. 5 (APARTMENT S) OT S 64' LOT 1 THRU 3 & ALL LOTS 10 THRU 12, BLK. 5 (APARTMENT S)
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Parking Information
Detached, GarageGarage Information
Has Garage: Yes Garage Space: 4Homeowners Association InformationIncluded Fees: Maintenance Structure, Trash, Utilities
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Utility Information
Electricity Available, Natural Gas Available, Water Available -
Location Information
Direction: From Interstate 35 and Hwy 2 exit: east 5 miles to Leon, 1/2 block south on Main st. WaterSource: Public Security Features: Smoke Detector(s), Fire Alarm
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 707 SE 6th Street, Leon, IA, 50144 | $750,000 | 5 | 4 | 3,220 | 3,220 SqFt |
| 201 SE Locust, Leon, IA, 50144 | $139,999 | -- | -- | 1,900 | 1,900 SqFt |
| 1709 NW Church Street, Leon, IA, 50144 | $310,000 | 2 | 2 | 1,404 | 1,404 SqFt |
| 906 SE Q Street, Leon, IA, 50144 | $35,000 | 3 | 1 | 1,150 | 1,150 SqFt |
| 1104 NW Church Street, Leon, IA, 50144 | $265,000 | 3 | 3 | 1,728 | 1,728 SqFt |
| 22017 Lakeview Road, Leon, IA, 50144 | $5,680,000 | 3 | 3 | 3,492 | 3,492 SqFt |
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ByOwner last updated this listing 06/08/2026 @ 01:25
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