Downtown Mixed-Use
For Sale
$875,000
546 2nd St, Webster City, IA 50595
Brick-and-steel property combines apartment residences with two commercial suites and on-site coin laundry.
Property Size19,980 SF
Price / SF$43.79
Days on Market73
Property Features for 546 2nd St
General Information
Standard status
Active
Size
19,980 SF
Property subtype
Residential Income
Occupancy
86%
Net Operating Income
$72,554
Units
Unit Mix
6 x 1BR, 2 x 2BR, 3 x studio
Multifamily Units
11
Additional Details
Cap Rate
8.3%
Taxes and HOA fees
Annual Taxes
$4,874
Amenities
coin laundry
security cameras
key fob access
Building Details
Year Renovated
2026
Buildings
1
Construction
brick & steel
Tenancy
Multi
Listing Agency:
Guthrie and Associates Real Estate
(515) 576-5703
Listed By:
Scott Underberg
(515) 571-2761
Source:
Exprealty
Added: Jun 26
Changed: Sep 5
Last Checked: Sep 5 at 3:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Guthrie and Associates Real Estate
Investment Insights
Based on property information with market context.
Located at 546 2nd St in Webster City’s downtown retail corridor, this mixed-use property combines 11 apartments with two commercial suites in a brick-and-steel building. The residential mix includes six one-bedroom units, two two-bedroom units, and three studios. Both commercial suites are leased under terms of three and four years, respectively.
Renovation work completed in 2026 included a new roof, PEX plumbing, a rooftop unit, furnaces, appliances, security cameras, and key-fob access. A RUBS system helps allocate utility costs, while on-site coin laundry adds a shared resident amenity. The property is reported at 86% occupancy, with most residential leases extending beyond one year. Two vacant units provide the stated value-add component.
Renovation work completed in 2026 included a new roof, PEX plumbing, a rooftop unit, furnaces, appliances, security cameras, and key-fob access. A RUBS system helps allocate utility costs, while on-site coin laundry adds a shared resident amenity. The property is reported at 86% occupancy, with most residential leases extending beyond one year. Two vacant units provide the stated value-add component.
Key Highlights
- 11 apartments: 6 one‑bedroom, 2 two‑bedroom, and 3 studio units
- Two commercial suites with lease terms of 3 years and 4 years
- 2026 renovations include roof, PEX plumbing, RTU, furnaces, and appliances
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
86%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Explore this area
Business Placement
Demographics for 50595, IA
8,887
Population
4,170
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
91%
High-School Grad
153.5 sq mi
ZIP Area
58
Density / Sq Mi
$71,182
Median Household Income
$46,587
Median Earnings
$877
Median Rent
$129,100
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?
Mixed-use property - Brick-and-steel property combines apartment residences with two commercial suites and on-site coin laundry.
Where is this mixed-use property located?
The property is located at 546 2nd St Webster City, IA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 11 apartments: 6 one‑bedroom, 2 two‑bedroom, and 3 studio units; Two commercial suites with lease terms of 3 years and 4 years; 2026 renovations include roof, PEX plumbing, RTU, furnaces, and appliances
