546 2nd Street, Webster City, IA 50595
MULTI_FAMILY - Webster City, IA
- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 546 2nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Commercial
- Bedrooms
- 10
- Bathrooms
- 8
- Rooms
- Bathroom 5, Bathroom 1, Bedroom 10, Bathroom 7, Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 9, Bathroom 8, Bathroom 4, Bedroom 3, Bedroom 8, Bathroom 6, Bedroom 1, Bedroom 4, Bedroom 7, Bathroom 2, Bedroom 2
- Parking features
- On Street
- Exterior features
- Apartment, Paved Street
- Standard status
- Active
- Size
- 19,980 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4874
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Number of units
- 11
- Roof type
- Wood, Rubber
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 Jun 26, 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.
HighLights
- 19,902 SF brick & steel mixed‑use building in Webster City downtown retail corridor
- 11 apartments: 6 one‑bed, 2 two‑bed, and 3 studios; 86% occupied with mostly year‑plus leases
- 2 commercial suites with long‑term leases: Suite 1 at $2,333/mo (3‑year) and Suite 2 at $900/mo (4‑year)
- Renovated in 2026 with new roof, PEX plumbing, RTU, furnaces, appliances, security cameras, and key fob access
- Pro forma gross monthly income of $11,200 and annual NOI of $72,554 (8.3% cap rate)
- Coin laundry on‑site; paved street access with on‑street parking; public water
Overview
The property is located at 546 2nd Street in Webster City, Iowa, within the downtown retail corridor. It offers two commercial suites under long-term leases, which can support ongoing tenancy for retail-oriented uses.
Recent improvements include renovations completed in 2026: a new roof, PEX plumbing, RTU equipment, furnaces, appliances, security cameras, and key fob access. The property also uses a RUBS system to help reduce utility exposure. With a mix of apartment units and commercially leased space, this is a practical fit for investors seeking a stabilized income profile across residential and commercial components, supported by the existing suite leases and mostly year-plus residential occupancy.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Webster City
- County
- Hamilton
- State
- Iowa
- Longitude
- -93.819014
- Latitude
- 42.469131
