11-Unit Apartment
For Sale
$499,900
1806 Main Street, Gowrie, IA 50543
Residential Income, Gowrie, IA
Property Size9,214 SF
Lot Size1.14 Acres
Price / SF$54.25
Days on Market183
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 9, Bathroom 7, Bedroom 5, Bathroom 6, Bedroom 10, Bathroom 4, Bedroom 6, Bedroom 8, Bathroom 2, Bedroom 3, Bathroom 5, Bathroom 3, Bedroom 7, Bedroom 1, Bedroom 2, Bedroom 11, Bedroom 4, Bedroom 12, Bathroom 8
Parking
17
Interior features
Handicap Access
Exterior features
Apartment, Handicap Access, Paved Drive, Paved Street
Accessibility
Accessible Approach with Ramp
Elementary school district
Southeast Valley
Middle school district
Southeast Valley
High school district
Southeast Valley
Subdivision
Webster
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
Amenities
storage/conference room
community room
on-site laundry
Building Details
Number of units
11
Roof type
Asphalt
Listing Agency:
Guthrie and Associates Real Estate
(515) 576-5703
Listed By:
Scott Underberg
(515) 571-2761
Added: Mar 2
Changed: Aug 19
Last Checked: Sep 1 at 3:06PM
MLS# 28713
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 11-unit multifamily property contains 10 one-bedroom apartments and one two-bedroom apartment across 9,214 square feet on 1.14 acres. Ten units are leased, representing 90.9% occupancy, while the remaining apartment is being updated with new flooring. The property includes an 1,814-square-foot storage and conference area, plus a community room with a kitchen and bathroom. Subject to approvals, the community room may offer a path to a 12th unit conversion.
On-site amenities include shared laundry with 2 washers and 2 dryers, 17 dedicated paved parking spaces, public water, public sewer, forced-air natural gas heating, and central air conditioning. The building also features accessible approach improvements and handicap access. The pro forma reflects an 8.35% cap rate at the stated occupancy.
On-site amenities include shared laundry with 2 washers and 2 dryers, 17 dedicated paved parking spaces, public water, public sewer, forced-air natural gas heating, and central air conditioning. The building also features accessible approach improvements and handicap access. The pro forma reflects an 8.35% cap rate at the stated occupancy.
Key Highlights
- 11‑unit multifamily property with 10 one‑bedroom units and 1 two‑bedroom unit
- 9,214 square feet on 1.14 acres
- 10 leased units and 90.9% occupancy; 11th unit undergoing flooring updates
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
90.9%
Occupancy
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Explore this area
Business Placement
Demographics for 50543, IA
1,359
Population
659
Households
2.1
Avg Household Size
43
Median Age
30%
College-Educated
99%
High-School Grad
79.2 sq mi
ZIP Area
17
Density / Sq Mi
$87,841
Median Household Income
$50,361
Median Earnings
$675
Median Rent
$116,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Residential-zoned multifamily property with a community room, shared laundry, paved parking, and an additional apartment under renovation.
Where is this apartment building located?
The property is located at 1806 Main Street Gowrie, IA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 11‑unit multifamily property with 10 one‑bedroom units and 1 two‑bedroom unit; 9,214 square feet on 1.14 acres; 10 leased units and 90.9% occupancy; 11th unit undergoing flooring updates
