Residential Acreage with Ranch
1374 Nelson Ave. Fort Dodge, IA 50501
1374 Nelson Ave., Fort Dodge, IA, 50501
$229,900
For Sale
$229,900
LAND - Fort Dodge, IA
Property Size1,720 SF
Lot Size1.00 Acre
Price / SF$133.66
Days on Market48
Property Features for 1374 Nelson Ave.
General Information
- Property type
- Land
- Property subtype
- Single Family Residence
- Zoning
- Rural/Residntl
- Vegetation
- Wooded
- Interior features
- Hardwood Floors
- Exterior features
- Brick, Gravel Drive, Paved Street, Replacement Windows, Wooded
- Fireplace
- 1
- Appliances
- Built-In Gas Oven, Dishwasher, Disposal, Dryer, Gas Range, Range Hood, Refrigerator, Washer, Propane Water Heater
- Standard status
- Active
- Size
- 1,720 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Annual Amount
- 2076
Utilities
- Heating system
- Forced Air, Propane (Heating)
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Flooring type
- Carpet
- Roof type
- Asphalt
- Architectural style
- Other, Ranch
Listing agency
RE/MAX of Fort Dodge, Inc.
(515) 955-3828
Listed by
Cindy Mulroney
(515) 570-1707
Added: Jun 4 Updated: Jul 8 at 9:47PM Checked: Jul 21 at 10:06AM
MLS# 29971
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.
Offered for sale at 1374 Nelson Ave., this 1-acre residential acreage includes a 3-bedroom ranch home with 1.75 baths and approximately 1,720 square feet. Recent updates noted in the home include replaced windows, a newer front door with storm door, and Culligan reverse osmosis. The formal dining room includes built-in features, and the kitchen appliances and washer/dryer are described as able to stay. Fiber is listed as run up to the house.
Additional exterior improvements include new shingles in 2019, along with new gutters, leaf guard, and soffit/fascia. The lot is described as treed with nice landscaping, offering a mix of established greenery and usable outdoor space.
This offering combines acreage living with an established ranch layout and multiple documented replacements, updates, and mechanical/utility enhancements.
Additional exterior improvements include new shingles in 2019, along with new gutters, leaf guard, and soffit/fascia. The lot is described as treed with nice landscaping, offering a mix of established greenery and usable outdoor space.
This offering combines acreage living with an established ranch layout and multiple documented replacements, updates, and mechanical/utility enhancements.
Key Highlights
- Ranch home with 3 bedrooms and 1.75 baths in 1,720 SF
- Central air plus forced‑air propane heating
- Hardwood floors and carpet flooring
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.0k | $14.52 |
| − Vacancy | −$1.6k | −$0.91 |
| EGI | $23.4k | $13.61 |
| − OpEx | −$10.5k | −$6.12 |
| NOI | $12.9k | $7.48 |
1,720 SF · lease $14.52/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$183.9K
$160.9K – $214.5K
NOI $12,871 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.0K
$271.2K – $361.6K
NOI $21,697 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - 1-acre property with a 3-bedroom, 1.75-bath ranch home and updated exterior improvements.
Where is this single family property located?
The property is located at 1374 Nelson Ave. Fort Dodge, IA.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Ranch home with 3 bedrooms and 1.75 baths in 1,720 SF; Central air plus forced‑air propane heating; Hardwood floors and carpet flooring
