606 Hooper Street Melbourne, IA 50162
Listing Courtesy of: NoCoast MLS / Century 21 Signature Real Estate / Kristin Polley

  606 Hooper Street Melbourne, IA 50162

Active (3 Days)
$239,900 (USD)

Description

Investor alert! 606 Hopper Street is a completely occupied and priced-to-sell 4-plex in Melbourne, generating over $32,000 in annual income with a strong 9% CAP rate. Each of the four units features 2 bedrooms and 1 bathroom, offering steady demand and reliable rental performance. The property boasts newer siding and a newer roof, minimizing future maintenance costs and adding long-term value. Tenants enjoy the convenience of a coin-operated laundry, and each unit comes fully equipped with a refrigerator and range, ensuring immediate rental readiness. With solid cash flow, consistent occupancy, and key updates already completed, this multifamily property is a standout opportunity. Sold AS-IS, presenting exceptional value for investors looking to expand their portfolio or secure dependable passive income.

MLS #:
6334065
Taxes
$1,406(2024)
Lot Size
7,405 SQFT
Type
Multifamily
Year Built
1976
County
Marshall County

Listed By

Kristin Polley, Century 21 Signature Real Estate
Source
NoCoast MLS
Last checked Dec 4 2025 at 9:25 PM GMT-0500
Bathroom Details
Subdivision
  • Kobbes Add
Heating and Cooling
  • Forced Air
Basement Information
  • Full
  • Finished
Exterior Features
  • Roof: Shingle
Utility Information
  • Sewer: City Sewer/Connected
  • Fuel: Electric
Parking
  • Concrete
Living Area
  • 2,912 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Mortgage calculator estimates are provided by C21 Signature Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2025 Mid-Iowa Board of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 12/4/25 13:25