Sold
Last Sold Price
7,148 sqft
306 West 3rd Street, Muscatine, IA 52761
Multi FamilyProperty Type
0.26 acresLot Size
1880Year Built
$43/sq ftPrice per sq ft

Description

Very solid 10 unit building. Owned for 24 years. Many upgrade in units. A very fun historical property. CAP-Rate at list price 16.02% All window air owned by landlord. 600amp service in building. Sellers are real estate agents licensed in IA No showings before 1pm 48 hour notice to show Pre-approved buyers only.Very solid 10 unit building. Owned for 24 years. Many upgrade in units. A very fun historical property. CAP-Rate at list price 16.02% All window air owned by landlord. 600amp service in building. Sellers are real estate agents licensed in IA No showings before 1pm 48 hour notice to show Pre-approved buyers only.
  • Listed by: Kathy Lake 563.381.2400 kathylake@remax.net • RE/MAX People
Listing closed: 09/20/2021 12:00 AM • Source: RMLS ALLIANCE as distributed by MLS GRID, MLS#: QC4224742

See It First on Compass

Find homes before they're listed on other real estate sites.

Start your search

Recent comparable sales

Median sold price

$185,000

Avg days on market

10

Sale-to-list ratio

94.8%

Muscatine, IA

9 comparable properties found

1

$400,000

Sold 09/22/25

Unavailable
Bedrooms
Unavailable
Bathrooms
7,050
Square Feet
0.34
Acres
2

$185,000

Sold 08/20/25

Unavailable
Bedrooms
Unavailable
Bathrooms
6,888
Square Feet
0.19
Acres
3

$365,000

Sold 05/13/26

Unavailable
Bedrooms
Unavailable
Bathrooms
5,400
Square Feet
0.14
Acres
4

$345,000

Sold 04/10/26

Unavailable
Bedrooms
Unavailable
Bathrooms
1,422
Square Feet
0.39
Acres
5

$3,000

Sold 09/25/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.1
Acres
$89,000 | 606 East 7th Street, Muscatine, IA 52761
1/2
6

$89,000

Sold 10/31/24

Unavailable
Bedrooms
Unavailable
Bathrooms
1,680
Square Feet
0.11
Acres
$134,500 | 1123 Mulberry Avenue, Muscatine, IA 52761
1/4
7

$134,500

Sold 03/25/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,706
Square Feet
0.92
Acres
8

$17,000

Sold 11/01/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.19
Acres
9

$345,000

Sold 08/14/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,850
Square Feet
0.38
Acres

Location

Listing Courtesy of RE/MAX People
Add your commute

Payment Calculator

$1,869 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,581

Property Taxes

$288

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 306 West 3rd Street

Property Details
  • Taxes: $3,454 / year
  • MLS Type: Residential Income / Residential Income / Multi Family 5+
  • Parking Total: 2.0
  • Subdivision Name: City Center
Building Information
  • Residences: 10
  • Year Built: 1880
  • Lot Size: 0.26 AC / 11,325 SF
Summary
Location and General Information
  • City: Muscatine
  • County Or Parish: Muscatine
  • Directions: Muscatine, W 3rd St
  • Frontage Type: Alley Access, Paved
  • Latitude: 41.420521
  • Longitude: -91.048842
  • MLSArea Minor: QCARA Area
  • Postal Code: 52761
  • State Or Province: IA
Taxes and HOA Information
  • Parcel Number: 1302204006
  • Tax Annual Amount: $3,454
  • Tax Legal Description: 2-76-2W LOT 7 & E 20' LOT 8 BLK 36
  • Tax Year: 2019
School Information
  • High School: Muscatine
Parking
  • Parking Features: On Street, Parking Pad
Property
Lot Information
  • Structure Type: Apartment Building
  • Building Area Total: 7148.0
  • Lot Features: River View, Sloped
  • Lot Size Acres: 0.26
  • Lot Size Dimensions: 80 x 140
  • Number Of Units Total: 10
  • 100 Year Plain: No
  • Road Surface Type: Alley Paved, Paved
Property and Assessments
  • Documents Available: None Available
  • New Construction: No
  • Year Built: 1880
  • Year Built Source: Public Records
Utilities
  • Electric: Separate Meters
  • Number Of Electric Meters: 4
  • Number Of Gas Meters: 1
  • Numberof Water Meters: 1
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Composition
  • Construction Materials: Brick
Interior Features
  • Basement: Daylight, Partially Finished, Walk-Out Access
  • Heating: Hot Water, Gas Water Heater, Window Unit(s)
  • Laundry Features: Common Area, Owned Equipment
  • Number Of Central Air Units: 0
  • Number Of Dryers: 1
  • Number Of Heating Units: 1
  • Number Of Ranges: 10
  • Numberof Refrigerators: 10
  • Number Of Washers: 1
  • Number Of Water Heaters: 2
  • Number Of Window Units: 13
  • Operating Recording Device: Video
Multi Family
Income & Expenses
  • Electric Expense: $15,000
  • Gross Income: $69,970
  • Gross Scheduled Income: $68,470
  • Insurance Expense: $2,465
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $52,505
  • Operating Expense: $17,465
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 1500
  • Trash Expense: $0
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
Rental
Rent Information
  • Tenant Pays: No Utilities

Property History for 306 West 3rd Street

DateEvent & SourcePriceAppreciation
Sep 20, 2021

Sold

RMLS ALLIANCE #QC4224742

$306,000
Sep 20, 2021

Sold

MRED #4224742

$306,000
Aug 24, 2021

Sold (Public Record)

Public Record #1476060736

$306,000
DateEvent & SourcePrice
09/20/2021

Sold

RMLS ALLIANCE #QC4224742

$306,000
09/20/2021

Sold

MRED #4224742

$306,000
08/24/2021

Sold (Public Record)

Public Record #1476060736

$306,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 306 West 3rd Street

Taxable ValueLand$23,360Additions$311,110Total$334,470
Tax Record2025$5,682 ($474 / month)
Home Facts
Baths13Total Finished SqFt7,148 SqFtAbove Grade Finished SqFt4,662 SqFtFinished Basement SqFt2,486 SqFtStories2Lot Size11,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1880Year Renovated1880ZoningR5-MULTI-FCountyMUSCATINEAPN1302204006

Schools near 306 West 3rd Street

This home is within Muscatine Community School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Jefferson Elementary School
PublicK to 6

Susan Clark Junior High
Public7 to 8

Muscatine High School
Public9 to 12

Saints Mary and Mathias Catholic School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 52761

$415,000 | 3120 Allen Street, Muscatine, IA 52761
1/58

$415,000

4
Bedrooms
3,464
Square Feet
2.52
Acres
$75,000 | 410 Maiden Lane, Muscatine, IA 52761
1/31

$75,000

3
Bedrooms
1,560
Square Feet
0.19
Acres
$495,000 | 1713 Lindle Avenue, Muscatine, IA 52761
1/59

$495,000

3
Bedrooms
2,072
Square Feet
10
Acres
$495,900 | 3415 Grandview Avenue, Muscatine, IA 52761
1/50

$495,900

3
Bedrooms
1,940
Square Feet
10.8
Acres
$200,000 | 610 Climer Street, Muscatine, IA 52761
1/25

$200,000

3
Bedrooms
2,176
Square Feet
0.23
Acres
a view of a house with a street

$140,000

5
Bedrooms
2,206
Square Feet
0.09
Acres
$139,900 | 1119 East 10th Street, Muscatine, IA 52761
1/17

$139,900

2
Bedrooms
1,104
Square Feet
0.23
Acres
$415,000 | 1405 Duncan Drive, Muscatine, IA 52761
1/22
New Construction

$415,000

4
Bedrooms
2,380
Square Feet
0.12
Acres
$415,000 | 1409 Duncan Drive, Muscatine, IA 52761
1/23
New Construction

$415,000

4
Bedrooms
2,380
Square Feet
0.12
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 306 West 3rd Street, Muscatine, IA 52761
$306,000
7,148
11,325
2
1
936
4,200
3
3,080
6,970
$91,500
2
1
864
4,200
$85,000
3.5
2,338
7,000
$118,000
2.5
1,870
4,200

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX People

Based on information submitted to the MLS GRID as of 09/20/2026 03:01 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.