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523 S 2nd StreetWinterset, IA 50273

Multi-Family · 5 Beds · 2 Full Baths · 1,556 Sq. ft. | 0.32 Acres
$125,000 Active

523 S 2nd Street Overview

Time on Site:
382 days
Visits:
67

This conversion duplex offers the perfect opportunity to add value and generate strong returns. Located just blocks from downtown Winterset, this property is ideal for house hackers, investors, or anyone looking to expand their portfolio in a growing community. Each unit offers spacious layouts with room for updates and personalization. With separate entrances, utilities, and off-street parking the bones are here, just bring your vision and finishing touches. Live in one unit while renting out the other, or lease both for solid long-term cash flow. Whether you're looking to renovate and hold or flip for profit, this is a rare chance to capitalize on affordable multifamily in a desirable small-town setting. Don't miss this one!

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523 S 2nd Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,556
  • Price/Sq.ft. $80
  • Lot 0.32 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • School District: Winterset

Building Information

  • Year Built: 1870

Location/Region

  • County Or Parish: Madison
  • MLS Area Major: Winterset
  • Postal City: Winterset

Rent/Lease Information

  • Lease Considered: false

Tax Information

  • Tax Annual Amount: 3500.0

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 820001016050000
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Senior Community: false
  • Zoning: R

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: true

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 5

Building Interior

  • Building Area Total: 1556.0

General Information

  • Appliances: Refrigerator,Stove
  • Foundation Details: Block
  • Living Area: 1556.0
  • Main Level Bedrooms: 2

Exterior

Parking Information

  • Parking Features: Attached,Garage,Two Car Garage

Lot Information

  • Lot Size Acres: 0.32
  • Lot Size Area: 0.32
  • Lot Size Square Feet: 13939.0
  • Lot Size Units: Acres
  • Road Surface Type: Asphalt

Building Exterior/Construction

  • Architectural Style: Duplex
  • Attached Garage: true
  • Construction Materials: Cement Siding
  • Roof: Asphalt,Shingle
  • Structure Type: Duplex

523 S 2nd Street Neighborhood

Community

50273 (Winterset) Demographics

38
Median Age
42
Population Density (per sq. mile)
37%
College Educated
$63,464
Estimated Median Income
2,673
Estimated Total Home Owners
924
Estimated Total Renters
74% / 26%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

523 S 2nd Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

523 S 2nd Street Market Data

Based on the last 30 days in this zip code

$354,431
Average List Price
$204
Average Price per Square Foot
15
Properties Sold
123
Average Days on Market
58
Properties for Sale
Calculations provided by Reliance Network

523 S 2nd Street History

Date Event Value Agent
5/4/2026Source: Des Moines Area Price Reduction
$125,000 -10.7%
11/14/2025Source: Des Moines Area Price Reduction
$140,000 -12.4%
6/12/2025Source: Des Moines Area Added to Database
June 12, 2025
Listing provided courtesy of LPT Realty, LLC- MLS# 720154MLS ProviderContact Information: (515) 745-0425