$15,000 for a 2-Bedroom Home in Shenandoah, Iowa – Affordable Fixer-Upper With Public Sewer and a 6,600-Square-Foot Lot

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For buyers searching for an extremely affordable house in Iowa, 810 7th Ave, Shenandoah, IA 51601 is the kind of listing that immediately attracts attention. Offered at just $15,000, this single-family residence provides 2 bedrooms, 1 bathroom, approximately 792 square feet of living space, a partial unfinished basement, off-street parking, and a 6,600-square-foot lot.

Built in 1900, the property is more than a century old and should be approached with realistic expectations. At this price point, buyers should not assume the home is comparable to a recently renovated, move-in-ready property. Instead, this may be an opportunity for a cash buyer, investor, experienced renovator, or owner-occupant who is prepared to investigate the home’s condition carefully and budget for possible repairs and modernization.

The asking price works out to approximately $19 per square foot, an unusually low figure for a single-family residence. The home also has relatively modest reported annual property taxes of about $324 and no homeowners association.

For the right buyer, the combination of a low acquisition price, two-bedroom floor plan, public sewer, single-level living, basement storage, and a reasonably sized lot could offer significant potential. However, the listing terms specify cash, and the home’s age, gravity heating system, lack of cooling, unfinished basement, and limited listing details make thorough due diligence essential.