309 E Main St, Decorah, IA 52101
Property image
Property image
OFF MARKET

309 E Main St
Decorah, IA 52101

  • Studio
  • 2,664 sqft

$230,400

Trulia Estimate
as of Jul 13, 2026
Est. Refi. Payment $1,467/mo*
Refinance Your Home

$230,400

Trulia Estimate
as of Jul 13, 2026
Est. Refi. Payment $1,467/mo*
Refinance Your Home
Studio
2,664 sqft

Local Information

  • Map ViewExplore the area around 309 E Main St.
  • Schools3 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Invest in income producing assets! This 4 plex is an excellent opportunity to reap the rewards of capital accumulation with relatively low risk. Great location one a corner lot only blocks from downtown. Unit 1: 2 bedroom $634/month, 16 year resident with 1 car detached garage. Unit 2: recently updates, vacant, advertised at $750/month Unit 3: recent updates, vacant, advertised at $750/month Unit 4: Studio/1 bedroom, long term resident, $535/month Landlord pays gas, water, sewer, garbage, each apartment electric is metered separately. Updated gas boiler heat. Coin opp laundry in the basement. Annual PRI $32,028. For the price of single family homes in Decorah, this is a bargain. Excellent opportunity to start out building wealth by living in one of the apartments while the mortgage is paid for by the other rent income. 24 hour notice and financial commitment letter required prior to showings. Some 3rd party sites may not get your inquiry request through to the correct agent, reach out to an agent directly for more information. Call today for a consultation on how to make this work for you!
309 E Main St, Decorah, IA 52101 is a studio, 2,664 sqft multi-family built in 1890. It last sold for $210,000 on Jul 26, 2024 (5% below the $220,000 asking price). It is currently off market. The Trulia Estimate is $230,400, with a rent estimate of $1,070/month.

Home Highlights

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

Home Details for 309 E Main St

Interior Features

Interior Details
Basement: Stone/Rock
Dimensions and Layout
Living Area: 2664 Square Feet
Appliances & Utilities
Utilities: Cable Paid by Individual, Elec Individual Meters, Water - Multiple MetersLaundry: Lower Level
Heating & Cooling
Heating: SteamNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Steam
Levels, Entrance, & Accessibility
Levels: Two

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: Deck
Parking & Garage
Open Parking Spaces: 4GarageHas Open ParkingParking Spaces: 4Parking: Garage,Parking Pad,Detached
Frontage
Road Surface Type: Hard Surface Road
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1332 Square FeetFinished Area (below surface): 616 Square Feet

Days on Market

Cumulative Days on Market: 39

Property Information

Year Built
Year Built: 1890
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Quadruplex
Building
Construction Materials: Vinyl SidingNo Additional Parcels
Property Information
Parcel Number: 111531200300

Price & Status

Price
List Price: $220,000
Status Change & Dates
Off Market Date: Sat May 18 2024

Active Status

MLS Status: Closed

Location

Direction & Address
City: Decorah
School Information
Elementary School: Decorah Community SchoolsJr High / Middle School: Decorah Community SchoolsHigh School: Decorah Community Schools

Building

Building Area
Building Area: 2664 Square Feet

Lot Information

Lot Area: 8276.4 sqft

Listing Info

Special Conditions: Standard

Business

Expense
Tenant Pays: Electricity, Water

Miscellaneous

BasementMls Number: 20241353Attribution Contact: office@sweeneyrealestate.comAbove Grade Unfinished Area: 1332
Last check for updates: about 1 hour ago
Listed by John Sweeney, CCIM, (563) 568-4170
Sweeney Real Estate
Bought with: Stacie S Cooper, (563) 568-7373, Sweeney Real Estate
Source: Northeast Iowa Regional BOR as distributed by MLS GRID, MLS#20241353

Price History for 309 E Main St

DatePriceEventSource
07/26/2024$210,000Sold
Northeast Iowa Regional BOR as distributed by MLS GRID #20241353
06/12/2024$220,000PendingNortheast Iowa Regional BOR as distributed by MLS GRID #20241353
05/10/2024$220,000PriceChange
Northeast Iowa Regional BOR as distributed by MLS GRID #20241353
04/10/2024$240,000Listed For SaleNortheast Iowa Regional BOR as distributed by MLS GRID #20241353
08/02/2019$119,000ListingRemovedAgent Provided
08/01/2019$119,000Listed For SaleAgent Provided
07/30/2019$100,000Sold
Northeast Iowa Regional BOR as distributed by MLS GRID #20193173
07/01/2019$119,000PendingAgent Provided
06/19/2019$119,000Listed For SaleAgent Provided

Market trends in Decorah

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
28
5MoM
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Property Tax and Assessment

Year2025
Tax$2,686
Assessment$139,900
Home facts updated by county records

Comparable Sales for 309 E Main St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
612 Heivly St, Decorah, IA
0.58
Multi-Family Home
$275,000
07/16/25
-
2,184
616 W Water St, Decorah, IA
0.55
Multi-Family Home
$185,000
02/06/26
2
2
1,344

Nearby homes

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Assigned Schools

These are the assigned schools for 309 E Main 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 Decorah

At least 11 Trulia users voted on each feature.

  • 100 % Say kids play outside

  • 91 % Say parking is easy

  • 83 % Say people would walk alone at night

  • 81 % Say it's dog friendly

  • 75 % Say streets are well-lit

  • 75 % Say there's holiday spirit

  • 75 % Say there's wildlife

  • 69 % Say there are sidewalks

  • 65 % Say it's walkable to grocery stores

  • 65 % Say it's quiet

  • 65 % Say yards are well-kept

  • 64 % Say car is needed

  • 53 % Say they plan to stay for at least 5 years

  • 52 % Say neighbors are friendly

  • 50 % Say it's walkable to restaurants

  • 25 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • RB
    "Wonderful, safe place for kids to have some freedom... biking to the pool, walk to school, go to the movies alone. Great parks and recreation programs, art classes, craft classes are easily accessible too!"
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  • RB
    "Easy to get to everything. Very close, but not too close, to Hwy 9 and 52. Close to parks and restaurants."
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  • spides_12
    "Great town to live in. Plenty of things for family to do. Great bike trails and parks!"
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  • Katie
    "Decorah has great parks on all sides of the city and an active commuinty to enjoy them. There is a new bike path that is going to be finished this summer. There are a number of good resturants to enjoy. There is even a liberal arts college that brings in great concerts and plays. Decorah is sincerly a great place to live."
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Apartments for Rent

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Explore by feature - Pet Friendly

6 pet-friendly rentals in Decorah, IA

Explore by feature - Washer/dryer

Homes for sale near 309 E Main St

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Off Market Homes Near 309 E Main St

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IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Based on information submitted to the MLS GRID as of 2026-07-13 06:22:11 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information