Sold
Last Sold Price
2 baths7,874 sqft
715 Ridgeview Road, Monticello, IA 52310
Multi FamilyProperty Type
1.3 acresLot Size
1972Year Built
$125/sq ftPrice per sq ft

Description

An 18-unit multi-family apartment complex is available for purchase. The building comprises 14 two-bedroom units and four one-bedroom units. The property offers several opportunities to add value for a new owner. Rents have been increasing steadily, and there is still ample room for further growth. Six detached garages are available to tenants who require covered parking. Additionally, there is a large vacant lot next to the building that can accommodate another 12 units. The property features a...An 18-unit multi-family apartment complex is available for purchase. The building comprises 14 two-bedroom units and four one-bedroom units. The property offers several opportunities to add value for a new owner. Rents have been increasing steadily, and there is still ample room for further growth. Six detached garages are available to tenants who require covered parking. Additionally, there is a large vacant lot next to the building that can accommodate another 12 units. The property features a metal roof and newer utilities. A brand-new laundry facility was recently installed, and the lower level has plenty of storage space available for the owner to rent out.
Listing closed: 10/10/2024 12:00 AM • Source: Iowa City Area AOR, MLS#: 202401498

Recent comparable sales

Median sold price

$446,000

Monticello, IA

9 comparable properties found

1

$550,000

Sold 11/04/24

Unavailable
Bedrooms
2
Bathrooms
1,668
Square Feet
0.17
Acres
2

$500,000

Sold 08/10/26

Unavailable
Bedrooms
2
Bathrooms
2,195
Square Feet
0.18
Acres
3

$960,000

Sold 01/07/25

Unavailable
Bedrooms
2
Bathrooms
2,899
Square Feet
6
Acres
4

$440,000

Sold 12/24/24

Unavailable
Bedrooms
2
Bathrooms
2,494
Square Feet
0.14
Acres
5

$223,000

Sold 12/26/24

Unavailable
Bedrooms
2
Bathrooms
1,169
Square Feet
1.42
Acres
6

$250,000

Sold 05/01/25

Unavailable
Bedrooms
2
Bathrooms
1,797
Square Feet
0.19
Acres
7

$1,700,000

Sold 04/29/25

Unavailable
Bedrooms
2
Bathrooms
2,632
Square Feet
3.46
Acres
8

$165,000

Sold 11/07/25

Unavailable
Bedrooms
2
Bathrooms
1,008
Square Feet
0.14
Acres
9

$446,000

Sold 02/18/26

Unavailable
Bedrooms
2
Bathrooms
1,558
Square Feet
0.44
Acres

Location

Listing Courtesy of Lepic-Kroeger, REALTORS
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$5,983 per month

30 year fixed, 6.71% Interest

Principal and Interest

$5,092

Property Taxes

$890

HOA Dues

$0

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Property Information for 715 Ridgeview Road

Property Details
  • Taxes: $10,684 / year
  • MLS Type: Residential / Multi Family
  • County: Jones County
  • Subdivision Name: uk
  • Zoning: RES
Building Information
  • Residences: 18
  • Year Built: 1972
  • Lot Size: 1.30 AC / 56,628 SF
Summary
Location and General Information
  • Directions: Heading north on Highway 151 from Cedar Rapids, take exit 63 for US-151 BUS/Amber Rd. Turn left onto US-151 BUS N/S Main St for 1.1 miles.
  • Latitude: 42.230348
  • Longitude: -91.185573
Taxes and HOA
  • Association Fee Frequency: Annually
  • Association: No
  • Parcel Number: 0227303021
  • Tax Annual Amount: $10,684.00
  • Tax Year: 2023
School Information
  • Elementary School: Monticello
  • High School: Monticello
  • Middle Or Junior School: Monticello
Parking
  • Parking Features: Guest, Off Street
Virtual Tour
Property
Lot Information
  • Lot Size Dimensions: 1.3 Acres
Property and Assessments
  • Above Grade Finished Area: 7874.0
  • Living Area: 7874.0
  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Year Built: 1972
Building Features
  • Construction Materials: Vinyl Siding, Frame
Green Features
  • Green Verification: No
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Community Features: Sidewalks, Street Lights
  • Exterior Features: Balcony
Interior Features
  • Appliances: Dryer, Microwave, Refrigerator, Washer
  • Basement: Finished
  • Has Basement: Yes
  • Cooling: Window Unit(s)
  • Has Cooling: Yes
  • Heating: Electric, Baseboard
  • Has Heating: Yes
  • Flooring: Carpet, Vinyl, Tile, Laminate
  • Laundry Features: In Basement, Laundry Room
  • Has Spa: No
Multi Family
Multi Family Information
  • Number Of Units Total: 18
Income & Expenses
  • Electric Expense: $7,242
  • Gross Income: $132,760
  • Insurance Expense: $7,817
  • Maintenance Expense: $5,355
  • Operating Expense: $59,886.00
  • Water Sewer Expense: $16,823.00
Unit Information
Unit 1
  • Description: Unit has living room. Half bath count: 0. 3/4 bath count: 0.
Unit 2
  • Description: Unit has dining room. Unit has living room. Half bath count: 0. 3/4 bath count: 0.
  • Baths Total: 1
  • Total Rent: $575.00
Unit 3
  • Description: Unit has dining room. Unit has living room. Half bath count: 0. 3/4 bath count: 0.
  • Baths Total: 1
  • Total Rent: $695.00
Unit 4
  • Description: Unit has living room. Half bath count: 0. 3/4 bath count: 0.

Property History for 715 Ridgeview Road

DateEvent & SourcePriceAppreciation
Oct 10, 2024

Sold

Iowa City Area AOR #202401498

$985,467
Aug 8, 2024

Contract Out

Iowa City Area AOR #202401498

Aug 8, 2024

Contract Signed

Iowa City Area AOR #202401498

DateEvent & SourcePrice
10/10/2024

Sold

Iowa City Area AOR #202401498

$985,467
08/08/2024

Contract Out

Iowa City Area AOR #202401498

08/08/2024

Contract Signed

Iowa City Area AOR #202401498

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

Schools near 715 Ridgeview Road

This home is within Monticello Community School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 2 to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Shannon Elementary School
PublicPK to 1

Carpenter Elementary School
Public2 to 4

Monticello Middle School
Public5 to 8

Monticello High School
Public9 to 12

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.

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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 Lepic-Kroeger, REALTORS

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Iowa City Area Association of REALTORS®. 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. Information deemed reliable but not guaranteed. The data is provided from an authorized source. Copyright © 2026 Iowa City Area Association of REALTORS®. All Rights Reserved.