102 S Main St, Leon, IA, 50144
About This Home
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 kitchen and bath enhancements offer clear upside potential to elevate overall performance and asset value. Additional features include four garages for added income potential and shared on-site laundry. Multifamily assets of this scale rarely become available in smaller Midwest markets, making this a compelling opportunity for investors seeking cash flow, growth, and long-term appreciation. Shown by appointment only.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Foundation: Block
- Roof: Rolled/Hot Mop
- Construction materials: Brick,Wood Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Three Story
- Property subType: Multi Family,Apartment
Interior
Appliances
- Appliances included: Cooktop,Dryer,Refrigerator,Stove,Washer
- Laundry features: Main Level,Upper Level
Basement
- Has basement: Yes
- Basement: Unfinished,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 28
Features
- Flooring: Carpet,Vinyl
Heating & Cooling
- Heating features: Electric,Forced Air,Gas,Hot Water,Natural Gas
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 15,651
- Total interior livable area: 15,651 sqft
Property
Details
- Parcel number: 0733101005
- Zoning: Mul R
Features
- Levels: Three Or More
- Stories: 3
Lot
- Lot size: 0.40 Acres
- Features: Rectangular Lot
- Lot size dimensions: 180 x 98
Parking
- Total spaces: 4
- Parking features: Detached,Garage
- Has garage: Yes
- Attached garage spaces: 4
- Covered spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Strong Wind
- Tornado
- Drought
- Hail
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Iowa Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,502 | $30,024 |
| Home Insurance * | $436 | $5,232 |
| Property Taxes | $548 | $6,576 |
| Electricity | $1,167 | $14,009 |
| Total | $4,653 | $55,836 |
Income You'd Need if You Spent...
Iowa FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-03 | Price change | $529,000 |
| 2026-03-06 | Price change | $550,000 |
| 2026-02-17 | Listed for sale | $575,000 |
| 2019-04-14 | Listing removed | $550 |
| 2018-03-26 | Price change | $550 |
| 2018-02-26 | Price change | $600 |
| 2017-12-14 | Listed for rent | $500 |
| 2017-10-11 | Listing removed | $500 |
| 2017-09-11 | Price change | $500 |
| 2017-06-04 | Price change | $450 |
| 2017-05-08 | Price change | $500 |
| 2017-03-05 | Listed for rent | $450 |
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