111 E 9th St, Madrid, IA 50156
OFF MARKET

111 E 9th St
Madrid, IA 50156

  • 3 Beds
  • 3 Baths
  • 2,049 sqft

$185,700

Trulia Estimate
as of Jun 12, 2026
Est. Refi. Payment $1,240/mo*
Refinance Your Home

$185,700

Trulia Estimate
as of Jun 12, 2026
Est. Refi. Payment $1,240/mo*
Refinance Your Home
3 Beds
3 Baths
2,049 sqft

Local Information

Map showing home location
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-- mins to
Commute Destination

Description

Discover the potential of this 3-plex multi-family property in the heart of Madrid. This property sits on a sizable double lot and requires some TLC but has a ton of potential! This property is being sold "As Is. It is perfect for savvy investors or those looking to expand their rental portfolio. This 2-story property features a total of 3 units, with 2 units on the main floor and 1 unit occupying the upper level. Each unit has 1 bedroom and 1 bath. Additionally, one of the lower-level units has a non-conforming bedroom/flex space providing additional square footage. Included in this sale is a. .23 acre lot to the north of the property, providing additional space for potential expansion or development projects. This valuable addition enhances the property's long-term investment appeal. A standout opportunity lies in the potential to increase rent rates, as they have remained the same for many years. This presents a clear pathway to boosting rental income and maximizing the property's profitability, making it an attractive proposition for investors seeking solid returns. Whether you're a seasoned investor or an aspiring property owner eager to kickstart your rental portfolio, this is a great investment!
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from June 13, 2024

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 111 E 9th St

Interior Features

Interior Details
Basement: Unfinished
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 3
Dimensions and Layout
Living Area: 2049 Square Feet
Appliances & Utilities
Utilities: Electricity Available, Natural Gas Available, Water AvailableAppliances: Refrigerator, StoveRefrigerator
Heating & Cooling
Heating: Forced Air,Gas,Natural GasHas HeatingHeating Fuel: Forced Air
Gas & Electric
Has Electric on Property
Windows, Doors, Floors & Walls
Flooring: Carpet, Laminate, Vinyl
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Carpet, Laminate, Vinyl

Exterior Features

Exterior Home Features
Roof: Asphalt Shingle
Frontage
Road Surface Type: ConcreteNot on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 15

Property Information

Year Built
Year Built: 1885
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Two Story
Building
Construction Materials: Asbestos
Property Information
Parcel Number: 088226364186042

Price & Status

Price
List Price: $139,900
Status Change & Dates
Off Market Date: Mon May 13 2024

Active Status

MLS Status: Closed

Location

Direction & Address
City: Madrid
School Information
Elementary School District: MadridJr High / Middle School District: MadridHigh School District: Madrid

Building

Building Area
Building Area: 2049 Square Feet

HOA

Association for this Listing: Des Moines Area Association of REALTORSNo HOA

Lot Information

Lot Area: 8712 sqft

Offer

Listing Terms: Cash, Conventional

Business

Expense
Tenant Pays: Electricity, Gas

Rental Terms, Policies & Fees

Owner Pays: Insurance, Water

Miscellaneous

BasementMls Number: 694100Living Area Range Units: Square FeetAttribution Contact: 515-453-6054Above Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-19015-N-088226364186042-R-N
Last check for updates: about 2 hours ago
Listed by Jessica Schaffer, (515) 453-6054
Iowa Realty Ankeny
Bought with: Jessica Schaffer, (515) 975-7075, Iowa Realty Ankeny
Originating MLS: Des Moines Area Association of REALTORS
Source: DMMLS, MLS#694100

Price History for 111 E 9th St

DatePriceEventSource
11/05/2025$188,000ListingRemovedDMMLS #720665
09/18/2025$188,000PriceChange
DMMLS #720665
07/08/2025$198,000PriceChange
DMMLS #720665
06/23/2025$210,000Listed For SaleDMMLS #720665
06/11/2024$90,000Sold
DMMLS #694100
05/13/2024$139,900PendingDMMLS #694100
04/25/2024$139,900Listed For SaleDMMLS #694100
05/14/2007$27,500Sold
N/A

Market trends in Madrid

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
16
1MoM
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Property Tax and Assessment

Year2025
Tax$2,644
Assessment$212,870
Home facts updated by county records

Homeowner tools

Estimated monthly rent$1,122/mo
List your home for rent

Nearby homes

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Assigned Schools

These are the assigned schools for 111 E 9th St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Madrid

At least 5 Trulia users voted on each feature.

  • 100 % Say it's quiet

  • 90 % Say yards are well-kept

  • 89 % Say it's walkable to restaurants

  • 88 % Say parking is easy

  • 86 % Say it's dog friendly

  • 86 % Say car is needed

  • 83 % Say there's holiday spirit

  • 80 % Say people would walk alone at night

  • 80 % Say kids play outside

  • 59 % Say neighbors are friendly

  • 57 % Say it's walkable to grocery stores

  • 56 % Say there are sidewalks

  • 50 % Say there's wildlife

  • 45 % Say streets are well-lit

  • 44 % Say they plan to stay for at least 5 years

Sourced by Trulia users. Learn more about our methodology.

LGBTQ Local Legal Protections

Apartments for Rent

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Homes for sale near 111 E 9th St

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Off Market Homes Near 111 E 9th St

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IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.
111 E 9th St, Madrid, IA 50156 is a 3 bedroom, 3 bathroom, 2,049 sqft multi-family built in 1885. This property is not currently available for sale. 111 E 9th St was last sold on Jun 11, 2024 for $90,000 (36% lower than the asking price of $139,900). The current Trulia Estimate for 111 E 9th St is $185,700.