Residential Acreage with Ranch
For Sale
$229,900
1374 Nelson Ave., Fort Dodge, IA 50501
LAND - Fort Dodge, IA
Property Size1,720 SF
Lot Size1.00 Acre
Price / SF$133.66
Days on Market62
Property Features for 1374 Nelson Ave.
General Information
Property type
Land
Property subtype
Single Family Residence
Zoning
Rural/Residntl
Vegetation
Wooded
Interior features
Hardwood Floors
Exterior features
Brick, Gravel Drive, Paved Street, Replacement Windows, Wooded
Fireplace
1
Appliances
Built-In Gas Oven, Dishwasher, Disposal, Dryer, Gas Range, Range Hood, Refrigerator, Washer, Propane Water Heater
Elementary school district
Fort Dodge
Middle school district
Fort Dodge
High school district
Fort Dodge
Subdivision
Webster
Standard status
Active
Size
1,720 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Annual Amount
2076
Utilities
Heating system
Propane (Heating), Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Flooring type
Carpet
Roof type
Asphalt
Architectural style
Ranch, Other
Listing Agency:
RE/MAX of Fort Dodge, Inc. · RE/MAX International
(515) 955-3828
Listed By:
Cindy Mulroney · License #S32050000
(515) 570-1707
Added: Jun 4
Changed: Aug 2
Last Checked: Aug 4 at 8:06PM
MLS# 29971
Copyright © 2026 Fort Dodge Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Offered for sale at 1374 Nelson Ave., this 1-acre residential acreage includes a 3-bedroom ranch home with 1.75 baths and approximately 1,720 square feet. Recent updates noted in the home include replaced windows, a newer front door with storm door, and Culligan reverse osmosis. The formal dining room includes built-in features, and the kitchen appliances and washer/dryer are described as able to stay. Fiber is listed as run up to the house.
Additional exterior improvements include new shingles in 2019, along with new gutters, leaf guard, and soffit/fascia. The lot is described as treed with nice landscaping, offering a mix of established greenery and usable outdoor space.
This offering combines acreage living with an established ranch layout and multiple documented replacements, updates, and mechanical/utility enhancements.
Additional exterior improvements include new shingles in 2019, along with new gutters, leaf guard, and soffit/fascia. The lot is described as treed with nice landscaping, offering a mix of established greenery and usable outdoor space.
This offering combines acreage living with an established ranch layout and multiple documented replacements, updates, and mechanical/utility enhancements.
Key Highlights
- Ranch home with 3 bedrooms and 1.75 baths in 1,720 SF
- Central air plus forced‑air propane heating
- Hardwood floors and carpet flooring
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.0k | $14.52 |
| − Vacancy | −$1.6k | −$0.91 |
| EGI | $23.4k | $13.61 |
| − OpEx | −$10.5k | −$6.12 |
| NOI | $12.9k | $7.48 |
1,720 SF · lease $14.52/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$183.9K
$160.9K – $214.5K
NOI $12,871 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.0K
$271.2K – $361.6K
NOI $21,697 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 50501, IA
28,492
Population
13,198
Households
2.2
Avg Household Size
39
Median Age
20%
College-Educated
92%
High-School Grad
152.2 sq mi
ZIP Area
187
Density / Sq Mi
$66,130
Median Household Income
$36,934
Median Earnings
$779
Median Rent
$139,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - 1-acre property with a 3-bedroom, 1.75-bath ranch home and updated exterior improvements.
Where is this single family property located?
The property is located at 1374 Nelson Ave. Fort Dodge, IA.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Ranch home with 3 bedrooms and 1.75 baths in 1,720 SF; Central air plus forced‑air propane heating; Hardwood floors and carpet flooring
