313 3rd Ave SE, Independence, IA 50644
FOR SALE
0.46 ACRES

$159,000

  • Studio
  • 3,420 sqft (on 0.46 acres)

313 3rd Ave SE, Independence, IA 50644

Est. Mortgage $1,106/mo*
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Home Highlights

Multi-Family
Built in 1880
0.46 acre lot
$46/sqft
4 Open Spaces

Local Information

  • Map ViewExplore the area around 313 3rd Ave SE.
  • Schools2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Four-unit multifamily rental property, currently fully rented with consistent income. Recent updates, well-maintained with strong occupancy, making it an ideal turnkey investment.
Last check for updates: about 13 hours ago
Listing courtesy of Michael Fain, (319) 290-4352
Miehe Commercial Real Estate
Source: Northeast Iowa Regional BOR as distributed by MLS GRID, MLS#20263800
Also Listed on Northeast Iowa Regional BOR as distributed by MLS GRID.

Home Details for 313 3rd Ave SE

Interior Features

Interior Details
Basement: Block,Stone/Rock
Dimensions and Layout
Living Area: 3420 Square Feet
Appliances & Utilities
Utilities: OtherLaundry: None
Heating & Cooling
Heating: SteamHas CoolingAir Conditioning: Central Air,GasHas HeatingHeating Fuel: Steam
Levels, Entrance, & Accessibility
Levels: Two

Exterior Features

Exterior Home Features
Roof: Asphalt
Parking & Garage
Open Parking Spaces: 4Has Open ParkingParking Spaces: 4Parking: Gravel,None
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1836 Square FeetFinished Area (below surface): 1836 Square Feet

Days on Market

Cumulative Days on Market: 36Days on Market: 39

Property Information

Year Built
Year Built: 1880
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Quadruplex
Building
Construction Materials: Brick
Property Information
Parcel Number: 1004284006

Price & Status

Price
List Price: $159,000Price Per Sqft: $46

Active Status

MLS Status: ACTIVE

Location

Direction & Address
City: Independence
School Information
Elementary School: IndependenceJr High / Middle School: IndependenceHigh School: Independence

Agent Information

Listing Agent
Listing ID: 20263800

Building

Building Area
Building Area: 3420 Square Feet

Lot Information

Lot Area: 0.46 acres

Listing Info

Special Conditions: Standard

Business

Expense
Tenant Pays: Electricity, Trash Collection, Gas, Grounds Care, Snow Removal, Water

Miscellaneous

BasementMls Number: 20263800Above Grade Unfinished Area: 1836

Around this home

What Locals Say about Independence

At least 8 Trulia users voted on each feature.

  • 100 % Say parking is easy

  • 100 % Say it's dog friendly

  • 100 % Say kids play outside

  • 100 % Say yards are well-kept

  • 75 % Say they plan to stay for at least 5 years

  • 73 % Say it's walkable to restaurants

  • 71 % Say there's holiday spirit

  • 64 % Say neighbors are friendly

  • 62 % Say there are sidewalks

  • 60 % Say people would walk alone at night

  • 60 % Say car is needed

  • 57 % Say there's wildlife

  • 55 % Say it's quiet

  • 45 % Say there are community events

  • 42 % Say it's walkable to grocery stores

  • 40 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • Hannahloan
    "Has great access. It can take a while when traffic heavy but even when it's heavy it's not a lot of traffic. "
    1
    Flag
  • Newportfox14
    "People are friendly and plenty of neighborhood kids for our kids to play with. Great school district "
    1
    Flag
  • jane p.
    "House is over priced. It will not appraise for asking price."
    0
    Flag

Market trends in Independence

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
28
4MoM

Home Value

Trulia Estimate
$150K
Since last month
Decreased$3K (-1.7%)
Since last year
Increased$47K (+45.5%)
Since last sale
Increased$49K (+48.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +139% in the last 10 years
MonthEstimated value
2026
September 2026$149K
August 2026$151K
July 2026$129K
June 2026$110K
May 2026$104K
April 2026$103K
March 2026$104K
February 2026$102K
January 2026$102K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1000 3rd St NW, Independence, IA
0.76
Multi-Family Home
$175,000
05/01/26
4
-
2,144

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
208 4th St SE, Independence, IA 50644
0.03
$157,700
2
1
1,528
Off Market
404 3rd Ave SE, Independence, IA 50644
0.07
$142,500
4
2
1,855
Off Market
201 4th St SE, Independence, IA 50644
0.07
$160,000
3
1
1,516
Recently Sold
415 3rd Ave SE, Independence, IA 50644
0.08
$59,000
3
1
1,073
Foreclosure
410 SE 5th Ave, Independence, IA 50644
0.16
$273,700
3
2
1,341
Off Market
418 SE 5th Ave, Independence, IA 50644
0.16
$295,700
3
2.5
1,487
Off Market
306 6th St SE, Independence, IA 50644
0.15
$151,300
3
4
2,329
Off Market
508 2nd Ave SW, Independence, IA 50644
0.15
$308,000
4
3
2,131
Recently Sold

Price and Tax history

DateEventPrice
Sep 16, 2026
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20263800
PendingToActive
$159,000
Aug 24, 2026
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20263800
Pending
$159,000
Aug 13, 2026
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20263800
Listed For Sale
$159,000
Dec 20, 2024
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20243776
Sold
$100,000
Nov 18, 2024
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20243776
Pending
$124,500

LGBTQ Local Legal Protections

Michael Fain, Miehe Commercial Real Estate
Agent Phone: (319) 290-4352
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 2026-09-21 18:52:32 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

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Frequently asked questions about 313 3rd Ave SE

  • What is the estimated monthly payment for 313 3rd Ave SE?
    Based on a $159,000 list price with 20% down at today's rates, the estimated monthly payment for 313 3rd Ave SE in Independence, IA is approximately $1,118 (about $867 principal & interest, $176 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What do residents say about Independence?
    Residents describe Independence, IA as easy to park in, dog-friendly, and well-kept. Most residents say you need a car. See homes for sale in Independence, IA.
  • What are the closest schools to 313 3rd Ave SE?
    The closest schools to 313 3rd Ave SE in Independence, IA are East Elementary School, Independence Junior Senior High School (Middle, rated 3/10), West Elementary School (rated 6/10).
  • What is 313 3rd Ave SE estimated to be worth?
    Trulia's estimated value for 313 3rd Ave SE in Independence, IA is $149,700.
  • Does 313 3rd Ave SE have air conditioning?
    Yes, 313 3rd Ave SE in Independence, IA has air conditioning.
  • Does 313 3rd Ave SE have parking?
    Yes, 313 3rd Ave SE in Independence, IA has on-site parking.
313 3rd Ave SE, Independence, IA 50644 is a studio, 3,420 sqft multi-family built in 1880. This property is currently available for sale and was listed by Northeast Iowa Regional BOR as distributed by MLS GRID on Aug 13, 2026. The MLS # for this home is MLS# 20263800.