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215 E Ninth Street, Madrid, IA 50156

$349,900
BEDS 6
BATHS 4 full
SQUARE FEET 2,686
MLS# 736117
  • 215 E Ninth Street, Madrid, IA 50156 Main Photo

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Jim Horstman

Jim Horstman
Call: (515) 720-7859

STATUS: Active
PROPERTY TYPE: Residential - Single Family
SCHOOL: Madrid

Property Description

Rare opportunity to own a unique and versatile 3,400 sqft residential home with four separate living spaces (each with a private entry). Perfect for an owner-occupant looking to offset their mortgage, or a house hacker or investor looking for additional income streams! The property consists of Unit 1 - XL 2bed/1bath unit with a shared enclosed porch. Unit 2. - Upstairs studio / full bath with a shared enclosed porch. Unit 3 - 2bed/1bath with a private enclosed porch and Unit 4 - 1bed/1bath. Units 1 & 2 could be combined to make a large, 2,200 sq ft living space for an owner-occupier while generating rental income from the two remaining units. Three of the units are fully furnished, all which conveys with the sale. All units are currently occupied with short-term leases. The property has extensive updates including new kitchens in each unit, new windows throughout, new hot water tanks, and newer mini-split systems. In addition, a 2,400 sqft unfinished basement with tall ceilings is a huge value add opportunity. With multiple living spaces, additional income streams, and significant upgrades, this property offers exceptional potential for the right buyer!

215 E Ninth Street | MLS# 736117

This single family home located at 215 E Ninth Street, Madrid, IA 50156 is currently listed for sale with an asking price of $349,900. This property was built in 1918 and has 6 bedrooms and 4 full baths with 2686 sq. ft. E Ninth Street is located within the Madrid school district. Search Madrid real estate on www.jimsellscentraliowa.com today.

Property Features

Property Type: Residential - Single Family
Basement: Unfinished
Cooling: Central Air
Heating: Baseboard, Electric, Forced Air, Gas, Natural Gas
Lot Size: 0.21 Acres
Roof Type: Asphalt, Shingle
Taxes: $3,092
Year Built: 1918

Amenities

Deck
Storage

Feature Descriptions

Appliances: Cooktop, Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
Community Features: Sidewalks
Days on Site: 22
Exterior: Metal Siding
Flooring: Laminate
Laundry: Main Level
Lot: Rectangular Lot
Parcel#: 088226364186028
Parking: Carport
Parking Notes: Carport
Patio/Porch: Deck
Security: Smoke Detector(s)
Sewer: Public Sewer
Water: Public

Local Schools

School District: Madrid

Listed By / Shown By

Listed By

Agency Name: Boutique Real Estate
Agency Phone: (515) 314-4777

Shown By

Agent Name: Jim Horstman
Agent Phone: (515) 720-7859
Agency Title: Hunziker & Associates, REALTORS

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Estimated Payment

$ 2,129.01 per month $1,769.28 Principal & Interest $257.67 Property Tax $102.05 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers 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 on this site was last updated 04/03/2026. The listing information on this page last changed on 04/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 04/03/2026 2:52:55 AM EST) or Central Iowa MLS (last updated Thu 04/02/2026 11:28:27 PM EST) or Des Moines MLS (last updated Thu 04/02/2026 11:32:37 PM EST). Real estate listings held by brokerage firms other than Hunziker & Associates, REALTORS may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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