11-Unit Multifamily 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 Market240
Property Features for 1806 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
12
Bathrooms
8
Rooms
Bedroom 9, Bedroom 2, Bathroom 7, Bedroom 10, Bathroom 6, Bedroom 5, Bedroom 4, Bedroom 8, Bathroom 4, Bedroom 6, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 7, Bathroom 5, Bedroom 3, Bedroom 1, Bathroom 8, Bedroom 11, Bedroom 12
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
Additional Details
Tenant in Place
Yes
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
on-site laundry
community room
storage/conference room
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: Oct 27
Last Checked: Oct 28 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This 11-unit apartment property contains 10 one-bedroom residences and one two-bedroom residence across 9,214 square feet on 1.14 acres. Ten units are leased, representing 90.9% occupancy, while the remaining unit is undergoing flooring work before re-leasing. The building includes natural gas forced-air heat, central air, public water and sewer, an asphalt roof, and accessibility features including a ramp and handicap access.
Shared amenities include an on-site laundry room with 2 washers and 2 dryers, a community room with a kitchen and bathroom, and 17 dedicated parking spaces. Additional improvements include a 1814 storage/conference room. The community room may offer potential for conversion to a 12th unit, subject to approvals. The property is zoned Residential and reports an 8.35% cap rate at 90.9% occupancy.
Shared amenities include an on-site laundry room with 2 washers and 2 dryers, a community room with a kitchen and bathroom, and 17 dedicated parking spaces. Additional improvements include a 1814 storage/conference room. The community room may offer potential for conversion to a 12th unit, subject to approvals. The property is zoned Residential and reports an 8.35% cap rate at 90.9% occupancy.
Key Highlights
- 11‑unit apartment 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
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
11
Residential units
90.9%
Occupancy
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Residential units include one- and two-bedroom layouts, with shared laundry, parking, and community amenities.
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 apartment 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
