About This Home

This 28-bedroom, 0-bathroom multi-family at 102 S Main Street in Leon, IA is listed for $250,000 ($16 per sqft). Built in 1920, the home offers 15,651 sqft of living space on a 0.41 acres lot.

Key Features

  • Built in 1920
  • 0.41 acre lot
  • 3 stories

Property Details

3 stories
4-car garage
1920

Amenities

A/C
Listing Description

SHORT SALE - ALL OFFERS WILL BE CONSIDERED! Opportunity awaits at 102 S Main Street in downtown Leon! This three-story, 24-unit apartment building offers significant redevelopment and value-add potential for an investor ready to take on a substantial renovation project.

Featuring a mix of studio, one-, two-, and three-bedroom apartments, four garages, and shared laundry facilities, the property offers an opportunity to restore and reposition an established downtown building. The property has experienced declining occupancy and significant deferred maintenance, including roof concerns and water damage.

Substantial repairs and improvements are needed, and buyers should evaluate the property accordingly. Sold AS IS. All offers subject to seller acceptance and final lender approval. Showings by appointment only. Please do not disturb tenants.

Monthly Cost Estimate

$1,337/mo

20% down · 6.5% · 30 years

Principal$181
Interest$1,083
Insurance$73

Estimates only. Actual payments may vary.

Location

102 S Main Street

Leon, IA 50144

Property Details

Flooring

VinylCarpet

Construction

Brick WoodSiding

Parking

Garage

Heating

Hot Water(Heating)Forced AirElectric (Heating)Natural Gas

Cooling

Window Unit(s)

Appliances

CooktopDryerRefrigeratorStoveWasher

Questions & Answers

This 28-bedroom, 0-bathroom multi-family at 102 S Main Street is listed at $250,000 ($16/sqft). The estimated monthly payment is $1,337 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1920, 0.41 acre lot, 3 stories.

This property is listed by Sandy Delzell.

SD

Sandy Delzell

Agent at Iowa Realty Co., Inc.

Listed by Iowa Realty Co., Inc. · Broker phone: (800) 724-2297 · View on Broker Site · Broker website

MLS# 734599· Source: Des Moines Area Association of REALTORS®, Inc.· 258 days on PropertySimple

Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

102 S Main Street, Leon, IA 50144

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