New Listing
Listed by Hunter Lisk of Ruhl & Ruhl Realtors
Attention investors and house-hackers! This large, well-maintained two-story duplex is a turnkey property, boasting a stellar cap rate over 9% and easily hitting the 1% rule. With one unit currently vacant and primed for immediate market-rate optimization or an owner-occupant, the real potential is the fully finished, bonus 3rd unit in the attic (1 bed, 1 bath). While not currently zoned by the city as a traditional triplex, this bonus space presents an incredible opportunity to maximize your returns as a high-yielding Airbnb/short-term rental or to serve as the ultimate owner's quarters. Don't miss this rare chance to acquire timeless historic charm; the perfect choice to launch your very first investment or add a powerhouse asset to your growing real estate portfolio.

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Property Details of 703 Caledonia

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"Based on information submitted to East Central Iowa MLS as of July 7, 2026 3:13 PM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

 
 

 

 

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