Active

523 S 2nd Street

Winterset, IA 50273

$125,000 $527/Mo

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Overview

Bed

Bath

1,556

Sqft

0.32

Acre(Lot)

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!

Property Details

Property Type : Residential

Price : $125,000

AD Id : 77959701

MLS Id : 720154

Beds : 5

Lot Size : 0.32 Acre

Living Area Size : 1,556

Year Built : 1870

Garage : 2

County : Madison

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 5

Bathroom Information

Total Baths: 2 Full Baths: 2
Roofing Information

Asphalt, Shingle
Interior Features

Roof: Asphalt, Shingle Appliances: Cooktop, Refrigerator
Heating & Cooling

Has Heating: Yes Heating: Baseboard, Electric Has Cooling: Yes Cooling: Window Unit(s)

Building Information

Year Built: 1870 Building Area Total: 1556 Construction Materials: Cement Siding Private Pool: No

Lot Information

Main Square Feet: 0.32 Acres Lot Size Acres: 0.32 Lot Size Square Feet: 13939

Listing Price Information

Listing Price: $125000 Original Price: $159900 Cash, Conventional

Tax Information

Parcel Number: 820001016050000 Annual Tax: $3500 Tax Legal Desc: LOT 5 & 6 BLOCK 16 JONES ADDITION

Parking Information

Attached, Garage

Garage Information

Has Garage: Yes Has Attached Garage: Yes Garage Space: 2

Location Information

Direction: Use GPS for driving directions.

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ByOwner last updated this listing 06/10/2026 @ 15:37

MLS: 720154 LISTED BY: Benjamin Grotzke, LPT Realty, LLC 515-669-4010 SOURCE: Des Moines Area Association of REALTORS