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9 Beds
5 Baths
1,125 sqft

$295,000

414,418-420,422 N Willow, Paullina IA, 51046

Price per sqft$262.22
Built in1975
Property size1,125 sqft
Property typeMulti-family

Overview

Active

Listed Oct 18, 2026

Updated 7 days ago

Investment property opportunity deserving serious consideration! Total of 5 units within 3 separate buildings & all are rented. Your tenants have the benefit of available garage units for rent. Summary for each unit: #414: (Green home-south unit) 3 bedrooms, 1 full bath. Baseboard electric heat, p-tac cooling unit, stove & frig included, steel roof, updated vinyl sliders on most windows. Currently rents for $700/month. #418: (Tan home-center building) 1 bedroom, 1 full bath. Mini-split a/c unit. Currently rents for $550/month. #420: (Tan home-center building) 2 bedrooms, 1 full bath, window a/c unit. Currently rents for $675/month. #422: (Blue home-north building) 1 bedroom, 1 full bath. Mini-split a/c unit. Updated unit. Currently rents for $550/month. #424: (Blue home-north building) 2 bedroom, 1 full bath. Vinyl sliders for windows, not updated. Currently rents for $675/month. 7 garage units: two are vacant. Four have updated doors and automatic openers. Yields $160/month. Tenant pays their own utilities. Total Income = $3150/month (doesn't include garage rental at $50 per unit). Expenses = $612/month (insurance, property taxes, mowing, snow removal, electric). Additional expenses are property management, repairs/maintence, renovations.

$1,963/mo

Est. mortgage payment based on a $295,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
835022

Interior Features

Bedrooms
9
Bathrooms
5
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.79 Acres

Other Property Details

Taxes
$2,916
Tax Frequency
Annually
Garage
Yes

Listed by Dean Fjeld with Northwest Realty
Listing Contact: 712-348-4214 

Based on information from Northwest Iowa Regional Board of REALTORS. as of 10/20/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. 

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