#718440, Deb Stokka, Listing office: RE/MAX Precision
Property details
About 111 E Ninth St
Great opportunity to add to or start your rental portfolio with this 3-plex in the heart of Madrid! This 2-story multi-family property sits on a spacious double lot and features fresh exterior and interior paint along with new carpet. It includes three 1-bed, 1-bath units. Two are on the main level and one upstairs. One main-floor unit offers a non-conforming bedroom/flex space. One unit is currently rented, providing immediate income. The nearby High Trestle Trail adds appeal for renters. The extra .23-acre lot to the north is perfect for adding a shop or future expansion. A smart investment with long- or short-term rental potential. Schedule your showing today!
Highlights
Home typeOther
HeatingForced Air, Natural Gas
StatusActive
CoolingWindow Unit(s)
Size2,049 sqft
BasementYes
Lot size0.2 Acres
Year built1885
MLS #720665
Summary
- Full Bathrooms: 3
- Appliances: Refrigerator, Stove
- Basement: Yes
- Flooring Type: Carpet, Vinyl
- Interior: Cable TV
- Total Bedroom Count: 3
- Architectural Style: Two Story
- Heating: Forced Air, Natural Gas
- Cooling: Window Unit(s)
- List Price: $198,000
- Price/SqFt: $96
- Lot: Rectangular Lot
- Directions: From highway 17 turn west onto Ninth Street. Property will be on the corner of Ninth and South Union St. Property is on the north side of the road.
- Year Built: 1885
- Stories: 2
- Living Area: 2,049 SqFt
- Lot Size: 0.2 Acres
- MLS Number: 720665
- MLS Name: DMAAR
- Office Name: LPT Realty, LLC
- Office Phone: (877) 366-2213
- Office Email: Tracey.Carr@lpt.com
- Listing Agent: Jessica Schaffer
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Des Moines Area Association of Realtors. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Des Moines Area Association of Realtors. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/30/2025, 10:45:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
5
Madrid Elementary School
Public District KG-5
0.2 mi
•213 W 1st St
8
Woodward - Granger Elementary School
Public District 2-5
8.0 mi
•2002 Oak St
6
West Elementary School
Public District PK-4
8.4 mi
•1400 W Broadway St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $55,812. The most common annual income of people living in Madrid, IA is between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
24%
<35k
55%
35k-100k
19%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
44%
Single, No Kids
6%
Single, with Kids
28%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
8%
12-17 yrs old
15%
18-34 yrs old
36%
35-64 yrs old
25%
65+ yrs old
What do the neighbors do for fun?
Hunting
Figure Skating
NASCAR
Where do the neighbors shop?
Academy Sports & Outdoors
Wal-Mart
Dollar General
Where do the neighbors go to eat?
Jimmy Johns
Hardee's
Applebees
What do the neighbors drive?
Chevrolet
Ram
Cadillac
What do the neighbors listen to?
New Country
Classic Country- Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 111 E Ninth St
The listing price of 111 E Ninth St property is $198,000.
The property 111 E Ninth St is a house located in Madrid, Iowa, 50156.
Active Listing: 111 E Ninth St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 111 E Ninth St are: Madrid Elementary School (GreatSchools Rating 5/10), Woodward - Granger Elementary School (GreatSchools Rating 8/10), West Elementary School (GreatSchools Rating 6/10), Madrid Junior High School (GreatSchools Rating 6/10), Woodward - Granger Middle School (GreatSchools Rating 5/10), Ballard Middle School (GreatSchools Rating 7/10), Madrid High School (GreatSchools Rating 7/10), Woodward - Granger High School (GreatSchools Rating 6/10), Ballard High School (GreatSchools Rating 6/10).
The property at 111 E Ninth St has 3 bedrooms and 3 bathrooms.
The property 111 E Ninth St is 2,049 SqFt (source: MLS/tax record).
The year of construction for 111 E Ninth St is 1885.
This home is located at 111 E Ninth St in Madrid, IA and zip code 50156. This 2,049 square foot home, which was built in 1885, sits on a 0.20 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 23, 2025 and is currently priced at $198,000.
From Rocket Homes Real Estate and based on county public records data.