11-Unit Multifamily with On-Site
For Sale
$499,900
1806 Main Street, Gowrie, IA 50543
MULTI_FAMILY - Gowrie, IA
Property Size9,214 SF
Lot Size1.14 Acres
Price / SF$54.25
Days on Market163
Property Features for 1806 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
12
Bathrooms
8
Rooms
Bedroom 2, Bedroom 8, Bathroom 2, Bedroom 7, Bedroom 3, Bedroom 5, Bathroom 4, Bedroom 11, Bathroom 1, Bedroom 12, Bathroom 3, Bathroom 6, Bathroom 5, Bedroom 9, Bathroom 7, Bedroom 1, Bedroom 10, Bathroom 8, Bedroom 4, Bedroom 6
Parking
17
Interior features
Handicap Access
Exterior features
Apartment, Handicap Access, Paved Drive, Paved Street
Accessibility
Accessible Approach with Ramp
Elementary school district
Southeast Valley
Middle school district
Southeast Valley
High school district
Southeast Valley
Subdivision
Webster
Standard status
Active
Size
9,214 SF
Lot size
1.14 Acres
Taxes and HOA fees
Tax Annual Amount
5026
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
on-site laundry
community room
storage/conference room
Building Details
Number of units
11
Roof type
Asphalt
Listing Agency:
Guthrie and Associates Real Estate
(515) 576-5703
Listed By:
Scott Underberg
(515) 571-2761
Added: Mar 2
Changed: Aug 2
Last Checked: Aug 12 at 3:06AM
MLS# 28713
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.
Well-maintained 11-unit multifamily property in Gowrie, Iowa, offering a mix of one-bedroom and two-bedroom apartments. The building is described as having excellent condition, including an on-site laundry setup (2W/2D), central air conditioning, and forced-air heating with natural gas. Handicap access is featured with an accessible approach with ramp and handicap-access capabilities.
The property is sited on 1.14 acres and includes an approximately 9,214-square-foot building. Ten units are leased with 90.9% occupancy, and the 11th unit is under remodel with new flooring for re-rental. On-site amenities include an 1,814-square-foot storage/conference room, plus a community room with kitchen and bath with potential for a 12th unit conversion subject to approvals. Parking is provided via 17 dedicated spots.
Zoned Residential and served by public water and public sewer, this property is positioned for ongoing operational stability based on the current leased mix and remodel-driven leasing timeline.
The property is sited on 1.14 acres and includes an approximately 9,214-square-foot building. Ten units are leased with 90.9% occupancy, and the 11th unit is under remodel with new flooring for re-rental. On-site amenities include an 1,814-square-foot storage/conference room, plus a community room with kitchen and bath with potential for a 12th unit conversion subject to approvals. Parking is provided via 17 dedicated spots.
Zoned Residential and served by public water and public sewer, this property is positioned for ongoing operational stability based on the current leased mix and remodel-driven leasing timeline.
Key Highlights
- 11 units total with 10 leased at 90.9% occupancy plus 11th under remodel with new flooring
- On‑site laundry (2W/2D) with central air and forced‑air natural gas heating
- 1.14‑acre site with an approximately 9,214‑square‑foot building
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
90.9%
Occupancy
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Explore this area
Business Placement
Demographics for 50543, IA
1,359
Population
659
Households
2.1
Avg Household Size
43
Median Age
30%
College-Educated
99%
High-School Grad
79.2 sq mi
ZIP Area
17
Density / Sq Mi
$87,841
Median Household Income
$50,361
Median Earnings
$675
Median Rent
$116,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 11-unit multifamily on 1.14 acres with on-site laundry and accessible features, served by public water and sewer.
Where is this apartment building located?
The property is located at 1806 Main Street Gowrie, IA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 11 units total with 10 leased at 90.9% occupancy plus 11th under remodel with new flooring; On‑site laundry (2W/2D) with central air and forced‑air natural gas heating; 1.14‑acre site with an approximately 9,214‑square‑foot building
