Apartment Building

Gowrie, IA Apartment Buildings for Sale

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11-Unit Multifamily Property
Updated: Mar 2
11-Unit Multifamily Property

1806 Main Street, Gowrie, IA 50543

$499,900
9,214 sqft 1.14 AC lot
11‑unit multifamily in Fort Dodge, IA; 10 units leased (90.9% occupancy) with the 11th unit under remodel (new flooring).
Pro forma (90.9% occ.): $82,052 gross income ($73,582 rents + $8,470 misc) and $38,387 NOI; 8.35% cap rate at a $459,900 ask.
>1‑acre property with an 1,814 SF storage/conference room and a community room with kitchen & bath (potential 12th unit conversion, subject to approvals).
On‑site laundry with 2W/2D and 17 dedicated parking spots.
Central air and forced‑air heating with natural gas; asphalt roof.
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Gowrie, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Well-Kept Boone Investment Property
Well-Kept Boone Investment Property

316 Boone Street, Boone, IA 50036

$225,000
3,269 sqft 0.25 AC lot

Five-unit residential building with long-term tenants and recent updates.

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Boone Iowa Apartment Community
Boone Iowa Apartment Community

1104 8th St, Boone, IA 50036

$3,595,000
42,122 sqft

57-unit apartment community in Boone, Iowa, near Iowa State.

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Historic 6-Story Building
Historic 6-Story Building

815 Central Avenue, Fort Dodge, IA 50501

$159,900
21,000 sqft

Built in 1913, this 6-story building is located at 815 Central Avenue in Fort Dodge, IA 50501.

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Self-Serve Car Wash and Apartments
Self-Serve Car Wash and Apartments

3rd Ave. N.W, Fort Dodge, IA 50428

Contact for pricing

Well-maintained 6-bay self-serve car wash with customer snack area and included fully occupied 5-unit apartment building.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Development Land, Springfield MO
Prime Development Land, Springfield MO

N West Bypass, Springfield, MO 65802

$2,850,000
29.20 AC lot

29.2 acres of retail-zoned land for mixed-use development.

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Commercial Buildable Land Parcel
Commercial Buildable Land Parcel

801 NW 36th Avenue, Norman, OK 73072

$250,000
0.74 AC lot

Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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Buildable Lot for Luxury Condos
Buildable Lot for Luxury Condos

801 36th Ave NW, Norman, OK 73072

$285,000
0.74 AC lot

0.74 acre buildable lot zoned for low-density apartments.

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Asheville Development Opportunity: 5.94 Acres
Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000
5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Gowrie, IA Apartment Buildings Market Trends and Statistics

Explore 1 apartment buildings for sale in Gowrie, IA on our real estate platform. These investment opportunities span a total of 9,214 square feet of properties for sale, with an estimated market value of $499,900.

Sale prices for two-family homes in Gowrie, IA start at $499,900, averaging $499,900, and reaching up to $499,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 1,400
Population Growth (5Y) +2.7%
Median Household Income $87,841
College Educated 36.9%

High-Yield Neighborhoods for Investment

Identify Gowrie submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
50543 $499.9K

Taxes & Financing

Tax Rate (average for all types) 1.97%
Property Tax per SF $14.85 per SF
Tax Rate vs County Average 0.66 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Webster County

New Delisted

Total CRE Inventory on Market (SF)

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