3-Bedroom Iowa Fixer With Garage Listed for Just $44,000
A century-old home in the small town of Gibson, Iowa, has hit the market for just $44,000, offering three bedrooms, more than 1,100 square feet of living space and an attached garage.
Located at 103 S Marshall Street, the story-and-a-half residence was built in 1900 and provides approximately 1,131 square feet of finished living space.
The property includes three bedrooms and one full bathroom and sits on approximately 0.18 acres, or about 7,841 square feet.
At the current asking price, the home works out to roughly $39 per square foot.
The low price comes with an important tradeoff.
According to the listing, the house needs updating and is being sold strictly as-is, making it better suited to a buyer who is comfortable taking on repairs and improvements.
The seller markets the property as either a potential personal residence or rental property for someone with the right vision.
Inside, several original features remain.
Hardwood flooring is found throughout portions of the home, while natural woodwork helps preserve some of the character associated with its 1900 construction.
An enclosed porch provides additional sheltered space and could potentially serve as a sitting area, mudroom or seasonal gathering spot.
The home’s only bathroom is located on the main floor.
One of the bedrooms is positioned upstairs and is described as particularly large, giving the upper level more flexibility than buyers might expect from a home of this size.
The kitchen comes with a range and refrigerator.
A washer and dryer are also included with the property.
Heating is supplied by a forced-air system, while cooling comes from window air-conditioning units rather than central air.
The home also includes basement space that can be used for storage and utilities.
Outside, the property offers a relatively manageable 66-by-120-foot lot.
An attached one-car garage provides covered parking, while the listing also notes additional storage space connected to the garage.
That feature could be useful for tools, lawn equipment, bicycles or renovation supplies.
The exterior is finished with metal siding and an asphalt-shingle roof.
Electric service includes circuit breakers, and wastewater is handled by a septic system.
There are no homeowners association dues listed.
The property officially entered the market in late September 2026 at $44,000 and has not received a price reduction so far.
Annual 2026 property taxes are approximately $528, while the assessed value is listed at $49,800.
The listing also notes that the home is located about 20 minutes south of Interstate 80, providing access to larger communities while maintaining the quieter atmosphere of small-town Gibson.
Financing may be another consideration.
Because of the home’s condition, the listing agent cautions that some financing options may not work, so buyers should confirm loan eligibility before making plans.
For someone searching for a completely renovated move-in-ready property, significant updating will likely be required.
But at just $44,000, 103 S Marshall Street offers three bedrooms, 1,131 square feet, hardwood floors, an enclosed porch and an attached garage at a price that makes it an interesting Iowa renovation opportunity.
Listed on Zillow