1806 Main Street Gowrie, IA 50543
MULTI_FAMILY - Gowrie, IA
- Added:
- Mar 2, 2026
- Days on Market:
- 131
- Last Refresh:
- Jul 11 at 1:06 pm
Property Features for 1806 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 12
- Bathrooms
- 8
- Rooms
- Bathroom 1, Bedroom 7, Bathroom 4, Bedroom 11, Bedroom 10, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 1, Bathroom 6, Bedroom 8, Bedroom 9, Bathroom 5, Bedroom 3, Bedroom 12, Bathroom 7, Bathroom 8, Bedroom 5, Bedroom 4, Bedroom 2
- Parking
- 17
- Interior features
- Handicap Access
- Exterior features
- Apartment, Handicap Access, Paved Drive, Paved Street
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 9,214 SF
- Lot size
- 1.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5026
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Number of units
- 11
- Roof type
- Asphalt
Listing agent Scott Underberg (515) 571-2761
Listing office Guthrie and Associates Real Estate 1302 Central Avenue Suite 200, Fort Dodge, IA (515) 576-5703
Listing date Mar 2, 2026
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.
The asset is located at 1806 Main Street in Gowrie, Iowa, within Webster County, and is described under Residential zoning. With most units leased and the remaining unit being readied, the property’s current leasing status and in-place operational setup may appeal to buyers and managers looking for a straightforward apartment community to oversee.
From a tenant-fit standpoint, the unit mix provides primarily one-bedroom living with a single two-bedroom option, and the building includes practical on-site services like laundry and shared common space. For buyers, the property’s existing improvements, dedicated parking count, and ongoing unit update may help support day-to-day operations as leases roll and the remodeled unit becomes available for re-rental, subject to applicable approvals for any potential unit conversion noted in the offering materials.
Key Highlights
- 11‑unit multifamily in Fort Dodge, IA; 10 units leased (90.9% occupancy) with the 11th unit under remodel (new flooring).
- Pro forma (90.9% occ.): $82,052 gross income ($73,582 rents + $8,470 misc) and $38,387 NOI; 8.35% cap rate at a $459,900 ask.
- >1‑acre property with an 1,814 SF storage/conference room and a community room with kitchen & bath (potential 12th unit conversion, subject to approvals).
