Search
8-Unit Apartment Building
New
For Sale
$629,000

810 7th Street, Sheldon, IA 51201

Multi-Unit, Sheldon, IA

Property Size24,273 SF
Lot Size0.14 Acres
Price / SF$25.91
Days on Market4

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 4, Bedroom 6, Bedroom 8, Bathroom 5, Bathroom 2, Bathroom 3, Bedroom 12, Bedroom 3, Bedroom 14, Bedroom 7, Bedroom 13, Bedroom 16, Bathroom 6, Bedroom 2, Bathroom 4, Bathroom 7, Bathroom 8, Bedroom 11, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 15, Bedroom 10, Bedroom 9
Elementary school Sheldon
Middle school Sheldon
High school Sheldon
Subdivision Surrounding Areas/Other Areas
Standard status Active
APN 0036870000
Size 24,273 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 16 Last Checked: Sep 18 at 7:06AM
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 24,273-square-foot apartment property at 810 7th Street in Sheldon, Iowa, was built in 1916 and occupies 0.14 acres. The all-brick building contains eight apartments across three floors. The main level includes two 3-bedroom units, with Unit 2 under construction; the second floor has two additional 3-bedroom apartments; and the third floor contains four 1-bedroom apartments configured for Airbnb/short-term rental use. The property is zoned R and includes off-street parking.

Recent work includes rear siding and rear window replacement completed in January 2026, new flooring throughout, updated plumbing and sewer lines, professionally completed asbestos removal, faux blinds in all windows, and new hot water heaters. The improvements address multiple building components while leaving Unit 2 available for completion and customization.

Key Highlights

  • Eight apartments in a 24,273‑square‑foot all‑brick building
  • 0.14‑acre property at 810 7th Street, Sheldon, IA 51201
  • Three‑floor layout with two 3‑bedroom units on each of the first two floors

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Eight-unit multifamily property with updated building systems, off-street parking, and short-term rental configuration on the third floor.
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 apartments in a 24,273‑square‑foot all‑brick building; 0.14‑acre property at 810 7th Street, Sheldon, IA 51201; Three‑floor layout with two 3‑bedroom units on each of the first two floors
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message