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26-Unit Apartment Building with On-Site Laundry
For Sale
$995,000
Pending

131 N 8th St, Fort Dodge, IA 50501

MULTI_FAMILY - Fort Dodge, IA

Property Size15,152 SF
Lot Size0.48 Acres
Days on Market181

Property Features for 131 N 8th St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Bedrooms 32
Rooms Bedroom 17, Bedroom 5, Bedroom 19, Bedroom 3, Bedroom 30, Bedroom 9, Bedroom 15, Bedroom 4, Bedroom 10, Bedroom 7, Bedroom 18, Bedroom 21, Bedroom 29, Bedroom 2, Bedroom 13, Bedroom 12, Bedroom 27, Bedroom 28, Bedroom 31, Bedroom 8, Bedroom 16, Bedroom 26, Bedroom 11, Bedroom 23, Bedroom 6, Bedroom 20, Bedroom 22, Bedroom 1, Bedroom 24, Bedroom 25, Bedroom 32, Bedroom 14
Parking 13
Parking features On Street, Carport
Exterior features Paved Street
Elementary school district Fort Dodge
Middle school district Fort Dodge
High school district Fort Dodge
Subdivision Webster
Standard status Pending
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 Tar/Gravel, Rubber
Listing Agency: Kesterson Realty Inc
Listed By: Stephanie Bishop
Added: Feb 11 Changed: Aug 7 Last Checked: Aug 11 at 11:06PM
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 building is set up for investor ownership with on-site laundry and carport parking. The unit mix includes 22 one-bedroom units, two two-bedroom units, and two three-bedroom units. The property sits on 0.48 acres and totals 15,152 SF.

The building is served by public water and features radiant and hot water heating. The roof is rubber and tar/gravel, and the exterior is on a paved street. Parking includes on-street spaces plus carport parking. The property is zoned Residential.

With its established unit configuration across one-, two-, and three-bedroom homes and on-site laundry, this is a straightforward fit for residential income strategies that need an operating apartment setup.

Key Highlights

  • 26‑unit apartment building with on‑site laundry and on‑site carport parking
  • Unit mix: 22 one‑bedroom units, 2 two‑bedroom units, and 2 three‑bedroom units
  • 0.48 acres and 15,152 SF total building size

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Restaurant Pharmacy Parking Lot & Garage Cafe & Coffee Shop Food Market Skin Care Clinic

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

986
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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - 26 units with on-site laundry and carport parking, zoned Residential in Fort Dodge, IA.
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 building with on‑site laundry and on‑site carport parking; Unit mix: 22 one‑bedroom units, 2 two‑bedroom units, and 2 three‑bedroom units; 0.48 acres and 15,152 SF total building size
More about this property
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