Prime Investment Opportunity in Algona! This well-located rambler offers exceptional upside for investors or homeowners eager to build instant equity through strategic renovations. Positioned on a massive 16,000 sq ft lot with unbeatable access to major commuter routes, this property delivers both convenience and long-term growth potential. The existing 2-bedroom, 2-bath home features a generously sized attached 2-car garage plus multiple areas ready for value-add improvements. The current bonus room—used as an office—could easily convert to a 3rd bedroom, or reimagine to create a four bedroom home. A semi-finished room (approx. 375 sq ft-- not included in home's square footage) behind the garage offers flexibility for a shop, studio, or potential MIL. Key structural updates have already been completed, including foundation work, crawl space improvements, and electrical upgrades giving investors a strong starting point. Wood-clad ceilings bring a warm mid-century charm and an enchanting backyard with wraparound deck, tons of off-street parking and mature and refreshed landscaping make this a standout opportunity. Gas forced air furnace (2017) and air conditioner provide comfort year round while Rinnai tankless gas water heater provides abundant hot water. Unlock the full potential of this Algona gem — opportunities with this level of flexibility, lot size, and upside don’t come around often. Pre-inspection available after viewing. Buyer to verify potential upgrades.

Courtesy of NWMLS
Listing courtesy of Cheri Knutson of John L. Scott, Inc.



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Last checked: 2026-07-26 10:55 PM PDT