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Four-Unit Residential Income Property

1438 5th Avenue N, Fort Dodge, IA 50501

For Sale
$139,900

Residential Income, Fort Dodge, IA

Property Size2,128 SF
Lot Size0.09 Acres
Price / SF$65.74
Days on Market55

Property Features for 1438 5th Avenue N

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Basement Sump Pump, Block, Unfinished, Full
Lot features Corner Lot
Directions From 1st Ave N, north on N 15th St, east on 5th Ave N to property.
Standard status Active
APN 0720178017
Size 2,128 SF
Lot size 0.09 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2025
Tax Description 20-89-28 FTD LANDS INSIDE E57' S1/2 LOT 1 LOT 13 AUD SD
Tax Annual Amount 1160
Legal Description 20-89-28 FTD LANDS INSIDE E57' S1/2 LOT 1 LOT 13 AUD SD

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Amenities

private entrance
off-street parking
full basement

Building Details

Year built 1900
Floors in Building 2
Number of units 4
Building materials Wood Siding
Buildings 1
Listing Agency: One Stop Realty
Listed By: Jerry Wagner
Added: Sep 21 Changed: Nov 6 Last Checked: Nov 14 at 1:06AM
MLS# 6342941

Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This two-story quadplex contains approximately 2,128 square feet arranged as four one-bedroom, one-bathroom apartments. Two units are located on each level, and every apartment has a separate entrance plus a refrigerator and stove. The property also includes a full basement, off-street parking, forced-air heating, public water, and public sewer.

All four apartments are occupied, with the landlord paying utilities. The building has wood siding, and the upstairs units have undergone prior remodeling. Two 40-gallon water heaters were replaced in 2021 and 2023, while the exterior was painted in 2023. The property sits on a 0.09-acre lot and was built in 1900.

Key Highlights

  • Four occupied one‑bedroom, one‑bathroom apartments
  • Approximately 2,128 square feet in a two‑story layout
  • Private entrances, refrigerators, and stoves in all units

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

4
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,009
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
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Fully leased two-story building with private-entry apartments, off-street parking, and a full basement.
Where is this quadplex located?
The property is located at 1438 5th Avenue N Fort Dodge, IA.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Four occupied one‑bedroom, one‑bathroom apartments; Approximately 2,128 square feet in a two‑story layout; Private entrances, refrigerators, and stoves in all units
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