Apartment Building with Coin
For Sale
$875,000
546 2nd Street, Webster City, IA 50595
MULTI_FAMILY - Webster City, IA
Property Size19,980 SF
Lot Size0.25 Acres
Price / SF$43.79
Days on Market47
Property Features for 546 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Bedrooms
10
Bathrooms
8
Rooms
Bedroom 5, Bathroom 4, Bathroom 1, Bathroom 6, Bathroom 3, Bedroom 2, Bedroom 8, Bathroom 2, Bathroom 5, Bedroom 7, Bedroom 10, Bathroom 8, Bathroom 7, Bedroom 4, Bedroom 9, Bedroom 3, Bedroom 1, Bedroom 6
Parking features
On Street
Exterior features
Apartment, Paved Street
Elementary school district
Webster City
Middle school district
Webster City
High school district
Webster City
Subdivision
Hamilton
Standard status
Active
Size
19,980 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
4874
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s), Central Air
Water source
Public
Amenities
security cameras
key fob access
coin laundry
Building Details
Number of units
11
Roof type
Wood, Rubber
Listing Agency:
Guthrie and Associates Real Estate
(515) 576-5703
Listed By:
Scott Underberg
(515) 571-2761
Added: Jun 26
Changed: Aug 2
Last Checked: Aug 11 at 6:06PM
MLS# 30042
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 apartment building features 11 apartments and two commercial suites within a brick and steel mixed-use property. The residential mix includes six one-bedroom units, two two-bedroom units, and three studio units. Coin laundry is available on-site.
Two commercial suites are in place with long-term leases: Suite 1 on a 3-year lease and Suite 2 on a 4-year lease. The property sits on a 0.25-acre lot and is zoned Commercial. Heating is forced air with natural gas. Cooling is provided via window units and central air.
Renovations completed in 2026 include a new roof, PEX plumbing, RTU units, furnaces, appliances, security cameras, and key fob access. The building uses a RUBS system intended to reduce utility exposure. The property is reported to be 86% occupied, and underwriting reflects an 8.3% cap rate at stabilized occupancy.
Two commercial suites are in place with long-term leases: Suite 1 on a 3-year lease and Suite 2 on a 4-year lease. The property sits on a 0.25-acre lot and is zoned Commercial. Heating is forced air with natural gas. Cooling is provided via window units and central air.
Renovations completed in 2026 include a new roof, PEX plumbing, RTU units, furnaces, appliances, security cameras, and key fob access. The building uses a RUBS system intended to reduce utility exposure. The property is reported to be 86% occupied, and underwriting reflects an 8.3% cap rate at stabilized occupancy.
Key Highlights
- 11 apartments: 6 one‑bed, 2 two‑bed, 3 studio plus coin laundry on‑site
- Two commercial suites with long‑term leases: 3‑year Suite 1, 4‑year Suite 2
- Renovated in 2026 with new roof, PEX plumbing, RTU units, furnaces, appliances
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
86%
Occupancy
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?
Apartment building - Apartment building offering 11 apartments plus two commercial suites, with coin laundry on-site and 2026 renovations.
Where is this apartment building located?
The property is located at 546 2nd Street 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‑bed, 2 two‑bed, 3 studio plus coin laundry on‑site; Two commercial suites with long‑term leases: 3‑year Suite 1, 4‑year Suite 2; Renovated in 2026 with new roof, PEX plumbing, RTU units, furnaces, appliances
