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    1806 Main St Gowrie, IA 50543

    For Sale
    $475,000

    1 Story, Income Property - Gowrie, IA

    Property size:
    9,214 SF
    Lot size:
    1.14 Acres
    Days on Market:
    30
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 1806 Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    11
    Parking features
    None
    Interior features
    Handicap Access
    Exterior features
    Apartment, Paved Drive, Paved Street
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Refrigerator
    Size
    9,214 SF
    Lot size
    1.14 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Number of units
    11
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    Kesterson Realty Inc (515) 955-7714

    Listing agent Jeremiah Condon (515) 955-7714

    Listing date Nov 6, 2025

    MLS# 26052 Listing URL

    Copyright © 2025 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.

    Overview

    Well-Maintained Income Property in Gowrie

    This well-maintained 11-unit income property features 10 one-bedroom units and one two-bedroom unit. The property is situated on over an acre of land, providing ample space for tenants. Additional amenities include a storage/conference room measuring 18x14, a community room, and a public restroom. An on-site laundry facility is equipped with two washers and two dryers for tenant use. There are 17 designated parking spots available for residents and guests. Located in Gowrie, Iowa, this property offers a great opportunity to own an income-generating asset in a desirable community. Currently, all but two units are rented.
    Property Profile Location Intelligence

    Current Use by Public Records

    Senior Suites of Gowrie Retirement Home

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gowrie
    County
    Webster
    State
    Iowa
    Longitude
    -94.299444
    Latitude
    42.282564

    FAQs

    What type of property is this?
    Apartment building - Eleven-unit income property with on-site amenities and ample parking.
    Where is this apartment building located?
    The property is located at 1806 Main St Gowrie, IA.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - High occupancy rate with 9 out of 11 units currently rented, providing immediate income.; - Well-maintained property with 10 one-bedroom units and 1 two-bedroom unit in excellent condition.; - Located on over an acre of land, offering ample space and convenience for tenants.
    (515) 955-7714
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    Gowrie, IA 50543
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1806 Main St Gowrie, IA 50543
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