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8-Unit Apartment Building
For Sale
$629,000

810 7th Street, Sheldon, IA 51201

Multi-Unit, Sheldon, IA

Property Size6,357 SF
Lot Size0.14 Acres
Price / SF$98.95
Days on Market14

Property Features for 810 7th Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R
Bedrooms 16
Bathrooms 8
Full bathrooms 8
Rooms Bedroom 5, Bedroom 2, Bedroom 15, Bedroom 3, Bathroom 6, Bathroom 2, Bedroom 4, Bedroom 12, Bedroom 10, Bedroom 13, Bedroom 16, Bathroom 7, Bathroom 4, Bedroom 7, Bedroom 14, Bedroom 6, Bathroom 1, Bathroom 5, Bedroom 9, Bedroom 1, Bathroom 3, Bathroom 8, Bedroom 8, Bedroom 11
Elementary school Sheldon
Middle school Sheldon
High school Sheldon
Subdivision Surrounding Areas/Other Areas
Standard status Active
APN 0036870000
Size 6,357 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description MYERS REPLAT S 67' OF LOT 5 & N 1/2 OF ALLEY ADJ ON S BLOCK 39
Tax Annual Amount 3758
HOA Fee $1.00 Annually
Legal Description MYERS REPLAT S 67' OF LOT 5 & N 1/2 OF ALLEY ADJ ON S BLOCK 39

Building Details

Year built 1916
Number of units 8
Listing Agency: ISB Services Inc
Listed By: Corey Elgersma
Added: Sep 15 Changed: Sep 25 Last Checked: Sep 28 at 3:06AM
MLS# 834636

Copyright © 2026 Northwest Iowa Regional 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 6,357-square-foot, three-story apartment building contains eight units. The main and second floors each have two three-bedroom apartments, while the top floor has four one-bedroom apartments. One of the main-floor units is under construction. The 0.14-acre property is zoned R and was built in 1916.

Improvements include new flooring throughout, updated plumbing and sewer lines, new water heaters, and professionally completed asbestos removal. Rear siding and windows were replaced in January 2026, and faux blinds were installed in all windows. Off-street parking is available. The four one-bedroom apartments on the third floor are set up for Airbnb and other short-term rental use.

Key Highlights

  • Eight apartment units across three floors, including four one‑bedroom and four three‑bedroom apartments
  • One main‑floor apartment is under construction
  • Four top‑floor one‑bedroom apartments are set up for Airbnb and short‑term rental use

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick HVAC Service Bakery Locksmith (Bike/Boat/Book/etc) Store Barber Shop Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

495
Businesses Nearby

Demographics for 51201, IA

6,408
Population
2,776
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
115.7 sq mi
ZIP Area
55
Density / Sq Mi
$70,592
Median Household Income
$40,182
Median Earnings
$842
Median Rent
$182,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Four upper-floor apartments are arranged for Airbnb and short-term rental use.
Where is this apartment building located?
The property is located at 810 7th Street Sheldon, IA.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Eight apartment units across three floors, including four one‑bedroom and four three‑bedroom apartments; One main‑floor apartment is under construction; Four top‑floor one‑bedroom apartments are set up for Airbnb and short‑term rental use
More about this property
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