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    N 15Th Pl Fort Dodge, IA 50501

    For Sale
    $7,200,000

    1 Story, Income Property - Fort Dodge, IA

    Property size:
    48,000 SF
    Lot size:
    8.40 Acres
    Days on Market:
    41
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for N 15Th Pl

    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
    48
    Parking
    96
    Parking features
    Garage, On Street
    Patio and Porch features
    Patio
    Interior features
    Cathedral Ceilings, Ceiling Fan(s)
    Exterior features
    Patio, Paved Street, Garage Opener
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water - Softener
    Size
    48,000 SF
    Lot size
    8.40 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Number of units
    48
    Building materials
    Frame, Masonite
    Roof type
    Asphalt
    Architectural style
    Other
    Additional Structures
    Garage(s)

    Kesterson Realty Inc (515) 955-7714

    Listing agent Jim Kesterson (515) 955-7714

    Listing date Oct 27, 2025

    MLS# 22506 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

    Fort Dodge Multifamily Income Property

    This multifamily property in Fort Dodge, Iowa, features 48 units, each with 2 bedrooms, 2 bathrooms, and 1,000 square feet of living space. Each unit also includes an attached double garage. The property is situated on a lot of 8.4 acres. The units are equipped with a stove, refrigerator, microwave, dishwasher, water softener, washer, and dryer. Twenty-two units at Regency Court West are leased for $1,000 per month, while two furnished units at the same location, including utilities, are leased for $1,950 per month. In the Williams Bend Addition, twenty-one units are leased for $1,100 per month, two units are leased for $1,000 per month, and one furnished unit is leased for $1,800 per month. The property is located at Regency West Ct 23rd Place N and N. 15th Place, Fort Dodge.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Fort Dodge
    County
    Webster
    State
    Iowa
    Longitude
    -94.1788664
    Latitude
    42.5298924

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    FAQs

    What type of property is this?
    Apartment building - 48-unit multifamily property in Fort Dodge, Iowa, with strong rental income.
    Where is this apartment building located?
    The property is located at N 15Th Pl Fort Dodge, IA.
    What is the asking price?
    The asking price for this property is $7,200,000.
    What are key features of this property?
    This property features: - All 48 units feature 2 bedrooms, 2 baths, and 1,000 sq. ft.; - Each unit has an attached double garage.; - Units include appliances: stove, refrigerator, microwave, dishwasher, water softener, washer, and dryer.
    (515) 955-7714
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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
    N 15Th Pl Fort Dodge, IA 50501
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