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26-Unit Apartment Building
For Sale
$995,000

131 N 8th St, Fort Dodge, IA 50501

Residential Income, Fort Dodge, IA

Property Size15,152 SF
Lot Size0.48 Acres
Price / SF$65.67
Days on Market227

Property Features for 131 N 8th St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Bedrooms 32
Rooms Bedroom 8, Bedroom 24, Bedroom 12, Bedroom 29, Bedroom 18, Bedroom 31, Bedroom 26, Bedroom 3, Bedroom 19, Bedroom 7, Bedroom 15, Bedroom 17, Bedroom 23, Bedroom 16, Bedroom 1, Bedroom 21, Bedroom 14, Bedroom 13, Bedroom 20, Bedroom 30, Bedroom 22, Bedroom 28, Bedroom 25, Bedroom 10, Bedroom 5, Bedroom 11, Bedroom 4, Bedroom 2, Bedroom 32, Bedroom 27, Bedroom 6, Bedroom 9
Parking 13
Parking features Carport, On Street
Exterior features Paved Street
Elementary school district Fort Dodge
Middle school district Fort Dodge
High school district Fort Dodge
Subdivision Webster
Standard status Active
Size 15,152 SF
Lot size 0.48 Acres

Taxes and HOA fees

Tax Annual Amount 5786

Utilities

Heating system Radiant, Hot Water(Heating)
Water source Public

Amenities

on-site laundry
carport

Building Details

Number of units 26
Roof type Rubber, Tar/Gravel
Listing Agency: Kesterson Realty Inc
Listed By: Stephanie Bishop · License #S63299
Added: Feb 11 Changed: Sep 25 Last Checked: Sep 26 at 2:06AM
MLS# 28686

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.

This 26-unit apartment property contains 15,152 square feet on a 0.48-acre site in Fort Dodge. The unit mix includes 22 one-bedroom apartments, two two-bedroom apartments, and two three-bedroom apartments. On-site laundry supports resident convenience, while carport and on-street parking serve the property. The building has hot water and radiant heating, a tar/gravel and rubber roof, and public water service.

Located at 131 N 8th St, the property is in a residential zoning district and sits along a paved street. The configuration provides a range of apartment sizes within a single multifamily asset, with a mix that includes both one-bedroom and larger units.

Key Highlights

  • 26‑unit apartment property with 15,152 square feet
  • Unit mix includes 22 one‑bedroom, 2 two‑bedroom, and 2 three‑bedroom units
  • On‑site laundry for residents

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Restaurant Parking Lot & Garage Cafe & Coffee Shop Storage Facility Pharmacy Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

26
Residential units

Location Intelligence

Trade Area within ½ mile

994
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Residential multifamily property with on-site laundry, carport parking, and a varied bedroom mix.
Where is this apartment building located?
The property is located at 131 N 8th St Fort Dodge, IA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 26‑unit apartment property with 15,152 square feet; Unit mix includes 22 one‑bedroom, 2 two‑bedroom, and 2 three‑bedroom units; On‑site laundry for residents
More about this property
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