This is a solid investment property with strong return on investment. Both units are currently rented with one-year written lease contracts. There are two, 2-bedroom apartments with living room, dining room, kitchen, and washer/dryer hookups in the basement. Both apartments are setup with separate furnaces, water meters, and electric boxes. There is a shared porch on the front and off-street parking in the rear.
Multi-familyProperty Type
1900Year Built
5,040 sq ftLot Size
$51Est. Price/Sq.Ft.
Listed by Audie Rainey• Rubey Realty
Source:NORTHSTARMLS as Distributed by MLS Grid #5727627
Redfin Estimate
$129,459
$83K since sold in October 2024$1,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 10.3% lower than the average sale price ($144K) of 5 comparable homes.
This is a solid investment property with strong return on investment. Both units are currently rented with one-year written lease contracts. There are two, 2-bedroom apartments with living room, dining room, kitchen, and washer/dryer hookups in the basement. Both apartments are setup with separate furnaces, water meters, and electric boxes. There is a shared porch on the front and off-street parking in the rear.
Year
Property tax
Land + Additions
Assessment*
2025
$492 (+4.2%)
$4,410 + $64,910
$69,320
2024
$472 (−1.7%)
$4,410 + $64,910
$69,320
2023
$480 (+6.7%)
$3,310 + $17,680
$20,990
2022
$450
$3,310 + $17,680
$20,990
2021
$450 (−7.8%)
$3,310 + $14,480
$17,790
2020
$488 (−10.3%)
$3,310 + $13,570
$16,880
2019
$544 (+3.8%)
$3,310 + $13,570
$16,880
2018
$524 (+2.7%)
$3,310 + $15,340
$18,650
2017
$510 (+2.8%)
$3,310 + $17,390
$20,700
2016
$496 (−22.5%)
$3,310 + $17,390
$20,700
2015
$640 (+0.9%)
$3,310 + $17,390
$20,700
2014
$634
$3,310 + $22,560
$25,870
Tax history for 101 W Reed St
Year
Property tax
Land + Additions
Assessment*
2025
$492 (+4.2%)
$4,410 + $64,910
$69,320
2024
$472 (−1.7%)
$4,410 + $64,910
$69,320
2023
$480 (+6.7%)
$3,310 + $17,680
$20,990
2022
$450
$3,310 + $17,680
$20,990
2021
$450 (−7.8%)
$3,310 + $14,480
$17,790
2020
$488 (−10.3%)
$3,310 + $13,570
$16,880
2019
$544 (+3.8%)
$3,310 + $13,570
$16,880
2018
$524 (+2.7%)
$3,310 + $15,340
$18,650
2017
$510 (+2.8%)
$3,310 + $17,390
$20,700
2016
$496 (−22.5%)
$3,310 + $17,390
$20,700
2015
$640 (+0.9%)
$3,310 + $17,390
$20,700
2014
$634
$3,310 + $22,560
$25,870
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Property details
Interior
Basement Information
Basement Sq. Ft: 1,228
Basement Type: Full
Bathroom Information
# of Full Baths: 2
# of 1/4 Baths: 1
# of Bathroom Fixtures: 7
Heating & Cooling
Heating Type: Forced Air Gas
Room Information
# of Rooms: 10
Exterior
Exterior Information
Physical Condition: Fair
Foundation Type: Concrete Block
Exterior Wall: Asbestos
Building Type: Two Family
Property Information
Subdivision Name: RED OAK
Living Sq. Ft: 2,540
Building Sq. Ft: 3,768
# of Stories: 2
Stories Type: 2
Legal Description: ORIG PLAT LT 12 BLK 25
Lot Information
# of Buildings: 1
Land Sq. Ft: 5,040
Legal Lot Number: 12
Legal Block Number: 25
Municipality Name: RED OAK CITY
Acres: 0.1157
Depth Footage: 112
Front Footage: 45
County Use Description: RESIDENTIAL
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 3
Baths: 2.5
Sq. Ft.: 2,540
Stories: 2.0
Lot Size: 5,040 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: 1900
County: Montgomery County
APN: 600628159013000
Home facts updated by county records on Aug 13, 2026
Around this home
Schools
Inman Elementary School
Public K-6 • Assigned • 0.8mi
3/10
Red Oak High School
Public 7-12 • Assigned • 1.0mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 106° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Red Oak, IA • 51566
Average low and high temperatures (°F)
34
14
43
19
62
34
66
45
75
52
84
64
86
68
81
63
81
57
71
47
52
33
40
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 4.3 hours in December, which is comparable to the
U.S. average for solar exposure.
10.3 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$123,000 – $149,000
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