- 28
- beds
- 15,651
- sqft
- 1920
- year built
- Status:
- Active
- MLS #:
- 734599
- County:
- Decatur
- Listed By:
- Sandy Delzell - Iowa Realty Indianola
- Agent Phone:
- (515) 231-8069
- Agent Email:
- sandy@iowarealty.com
Sponsoring Broker: Derek Eisenberg, Continental Real Estate Group, Inc
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.
Highlights
- Residential Income
- Built in 1920
- 0.405 Acre Lot
- 4 Car Garage
- 268 days on Market
-
- Bedrooms
- 28
-
- Year Built
- 1920
-
- Stories
- 3.0
-
- Architectural Style
- Three Story
-
- Construction Materials
- Wood Siding, Brick
-
- Foundation
- Block
-
- Garage Spaces
- 4.0
-
- Parking Features
- Garage, Detached
-
- Living Area
- 15651.0
-
- Appliances
- Dryer, Refrigerator, Washer, Cooktop
-
- Flooring
- Vinyl, Carpet
-
- Furnished
- Unfurnished
-
- Security Features
- Smoke Detector(s), Fire Alarm
-
- Cooling
- Window Unit(s)
-
- Heating
- Forced Air, Natural Gas, Electric, Hot Water
-
- Basement
- Walk-Out Access, Unfinished
-
- Acres
- 0.405
-
- Lot Features
- Rectangular Lot
-
- Utilities
- Electricity Available, Water Available, Natural Gas Available
-
- Water
- Public
-
- Area
- Leon
-
- County
- Decatur
-
- City
- Leon
-
- Zip Code
- 50144
-
Nearby Schools
-
53out of 100
-
55out of 100
-
53out of 100
-
51out of 100
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
-
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Cost of the current home: $199000
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Estimated Value
$518,420
$362,894 - $673,946
Source: Constellation Data Labs
Price History
| 11/04/2026 | Price Changed | $199,000 |
| Source: Des Moines Area Association of REALTORS #734599 | ||
| 02/17/2026 | Listed | $575,000 |
| Source: Des Moines Area Association of REALTORS #734599 | ||
Source: MLS Data
Deed History
| 08/12/2020 | Warranty Deed | $600,000 |
| 04/18/2016 | Quit Claim Deed (non-arm's length) | $0 |
| 10/08/2013 | Sheriff’s Deed - Common in New Jersey. The default code for transfers where borrower is in default, in other states document may be called something other than Sheriff’s Deed, i.e. "Masters in Equity Deed" in SC. | $126,175 |
Source: Public records via Constellation Data Labs
Mortgage History
| 08/12/2020 | Coventional | $458,690 |
Source: Public records via Constellation Data Labs
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Frequently Asked Questions
How do I schedule a tour of 102 S Main St?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 102 S Main St.
They know residential incomes in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 102 S Main St?
Click Ask a Question to talk with our team. You already know it is a 28 bed, N/A bath, listed for $199,000. We can talk through recent upgrades, potential seller motivation, how this residential income compares to others in Leon, and can even get you in to see the property quickly.
How do I get a virtual tour of 102 S Main St?
Yes! A virtual tour is available for 102 S Main St. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.
How much is the monthly mortgage payment for 102 S Main St?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 102 S Main St at around $1,624. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 102 S Main St?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Decatur County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 102 S Main St?
In most cases, yes. Whether 102 S Main St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Leon's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 102 S Main St?
We can handle that for you. Our preferred local agent specializes in residential incomes in Leon and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $199,000 with 15,651 sqft of space—that comes out to approximately $13 per square foot.
How long has this property been on the market?
102 S Main St was listed on February 17, 2026, which means it's been on the market for 268 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1920, making it approximately 106 years old.
What is the lot size of this property?
102 S Main St sits on a 0.41-acre lot, which is 17,860 square feet.
What are the property taxes for 102 S Main St?
The most recent public record shows annual property taxes for 102 S Main St were approximately $5,902. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 102 S Main St still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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Listing information provided exclusively 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 deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, Des Moines Area Association of REALTORS. All rights reserved.
Last Updated: November 12, 2026 at 05:33AM | Source: Des Moines Area Association of REALTORS | MLS#: 734599
