188 1st St Gilbert, IA 50105
Property details
About 188 1st St
Investor or House Hack Opportunity! This well-maintained 4-plex, located in the growing town of Gilbert, offers four spacious 2-bedroom, 1.5-bathroom units. 1 unit in this building is renovated and the rest are original finishes. Each unit features a private back deck or patio overlooking a wooded area for added privacy. Recent updates include a new roof, gutters, and flooring. The property also features a master lock system and a brick exterior ensuring durability with minimal maintenance. All utilities are separately metered, reducing landlord expenses. With Gilbert's strong rental demand, there's excellent potential to increase rents and maximize cash flow. Walking distance to Gilbert's highly rated school and charming Main Street is great for tenant retention. This prime multi-family property won't last long!
Highlights
Summary
- MLS Number: 714333
- MLS Name: DMAAR
- Office Name: RE/MAX REC
- Office Phone: (515) 232-4663
- Listing Agent: Fett, Collin
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/4/2025, 1:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$350,000
188 1st St
$4,156
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $265,600 | $4,488 |
| 2023 | $265,600 | $4,500 |
| 2022 | $229,800 | $5,234 |
| 2021 | $229,800 | $5,756 |
| 2020 | $229,800 | $5,646 |
| 2019 | $221,100 | $5,420 |
| 2018 | $187,200 | $5,420 |
| 2017 | $187,200 | $5,262 |
History based on county public records data.
Nearby schools
9
Gilbert Intermediate School
Public District 3-5
0.2 mi
•103 Mathews Dr
8
Fellows Elementary School
Public District KG-5
4.6 mi
•1235 20th St
5
Meeker Elementary School
Public District KG-5
4.9 mi
•300 20th 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 $72,362. Most Gilbert, IA residents have annual incomes between $35k-100k. The majority of families are married, with kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
Monster Trucks
NASCAR
Where do the neighbors shop?
Dick's Sporting Goods
Dillards
Wal-Mart
Where do the neighbors go to eat?
Texas Roadhouse
Cracker Barrel
Hardee's
What do the neighbors drive?
Subaru
Cadillac
Ram
What do the neighbors listen to?
New Country
News/Talk/Information
Classic Country
Frequently asked questions
About 188 1st St
This home is located at 188 1st St in Gilbert, IA and zip code 50105. This 3,932 square foot home, which was built in 1972, sits on a 0.44 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 27, 2025 and is currently priced at $350,000.