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507 S Greene Street

Rock Rapids, IA 51246
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Bed --

Bed

Bath 0

Bath

SqFt2,220

Sqft

Acres0.31

Acre(Lot)

Fully Renovated Duplex in Rock Rapids, IA! An exceptional opportunity awaits with this completely renovated and reconstructed duplex, built from the ground up with quality, efficiency, and functionality in mind. Located in the heart of Rock Rapids, IA, this property is ideal for both investors and owner-occupants looking to offset their mortgage by renting out one unit. Each unit offers 1,110 sq ft of living space, featuring 3 bedrooms and 2 bathrooms, including a spacious primary suite with en-suite bath and walk-in closet. Thoughtfully designed for modern living, both units boast open layouts and updated finishes throughout. Garage & Mechanical Highlights: Lower unit includes an attached, insulated, and heated 2-stall garage with a convenient floor drain. Upper unit includes a detac hed, insulated, and heated 2-stall garage. Both units have separate HVAC systems, water heaters, and individual utility meters for optimal efficiency and independence. All appliances are new or refurbished models bought in 2024 and are included. This includes all kitchen appliances as well as washer and dryer. Investment Incentive: This property currently qualifies for a 100% tax exemption on the first $75,000 of improvements for a period of five years—the first year being calculated on the 2024 tax assessment. This rare incentive adds significant value and long-term savings for the new owner. Occupancy & Income Potential: Both units are currently occupied, offering immediate rental income. Perfect setup to live in one unit and rent the other to dramatically reduce your monthly expenses while building equity. Don't miss this turnkey, income-producing property in a welcoming Iowa community. Whether you're a savvy investor or a homeowner looking for a smart way to live affordably, this duplex delivers value, versatility, and long-term benefits.

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Detail Ic Property Details

Property Type : Residential Income

Price : $425,000

AD Id : 63331070

MLS Id : 22506993

Lot Size : 0.31 Acre

Living Area Size : 2,220

Year Built : 1930

County : Other (Out of Jurisdiction)

Subdivision: Oak Hill

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Feature Features

  • Room Information

    Has Basement: Yes Basement: Full, Unfinished
  • Flooring Information

    Carpet
  • Roofing Information

    Composition
  • Interior Features

    Roof: Composition Appliances: Refrigerator, Range, Dishwasher, Disposal, Washer, Dryer, Microwave, Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas Has Cooling: Yes Cooling: Electric

  • Building Information

    Year Built: 1930 Building Area Total: 2220 Construction Materials: HardiPlank Type Stories: 2 Private Pool: No
  • Exterior Features

    Exterior Features: Barbecue

  • Lot Information

    Lot Dimensions: 90*150 Lot Size Acres: 0.3099 Lot Size Square Feet: 13500

    Property Information

    Subdivision: No Subdivision Source Property Type: Residential Income MLS Area Minor: Outside MLS Jurisdiction Property SubType: Duplex Property Age: 96

  • Listing Price Information

    Listing Price: $425000

  • Tax Information

    Parcel Number: 350000041100000 Tax Legal Desc: SMITHS ADD LOT 4 & N 30' OF LOT 5, BLK 42

  • Parking Information

    Attached

  • School Information

    Elementary School: IA-Central Lyon Elementary
    Junior High School: IA-Central Lyon Secondary
    Senior High School: IA-Central Lyon Secondary
  • Location Information

    Direction: East on S 5th Ave to S Greene street ... turn right and drive to property on west side of street WaterSource: Public Security Features: Smoke Detector(s)
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
505 E Ave, Rock Rapids, IA, 51246 $120,000 3 2 2,016 2,016 SqFt
707 Mill Pond Road, Rock Rapids, IA, 51246 $447,700 3 2 1,700 1,700 SqFt
1004 S 6th Avenue, Rock Rapids, IA, 51246 $299,700 3 2 1,512 1,512 SqFt
1002 S 6th Avenue, Rock Rapids, IA, 51246 $337,500 3 2 1,430 1,430 SqFt
603 Mill Pond Road, Rock Rapids, IA, 51246 $369,700 3 2 1,520 1,520 SqFt

The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of REALTOR® Association of the Sioux Empire, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright © 2026 REALTOR® Association of the Sioux Empire, Inc. All rights reserved.

ByOwner last updated this listing 06/20/2026 @ 08:57

MLS: 22506993 LISTED BY: Jessica Mogler, AMERI/STAR Real Estate, Inc. SOURCE: REALTOR Association of the Sioux Empire

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