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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 Market49

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 Bathroom 6, Bathroom 2, Bathroom 7, Bedroom 3, Bedroom 15, Bedroom 5, Bedroom 10, Bedroom 7, Bathroom 3, Bathroom 5, Bedroom 16, Bathroom 4, Bedroom 1, Bedroom 11, Bedroom 2, Bathroom 8, Bedroom 8, Bedroom 6, Bathroom 1, Bedroom 12, Bedroom 14, Bedroom 9, Bedroom 4, Bedroom 13
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

Amenities

off-street parking

Building Details

Year built 1916
Number of units 8
Buildings 1
Listing Agency: ISB Services Inc
Listed By: Corey Elgersma
Added: Sep 15 Changed: Oct 28 Last Checked: Nov 2 at 11:06PM
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.

Rey
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Investment Insights

Based on property information with market context.

This 6,357-square-foot apartment building contains eight units across three floors on a 0.14-acre parcel. The first and second floors each have two three-bedroom apartments; Unit 2 is under construction. Four one-bedroom apartments occupy the third floor, where the units are configured for short-term rental use. The property was built in 1916 and is zoned R.

Recent work includes rear siding and window replacements completed in January 2026, new flooring throughout, plumbing updates that included sewer lines, asbestos removal, faux blinds in all windows, and new hot water heaters. Off-street parking is also available.

Key Highlights

  • Eight apartments in a 6,357‑square‑foot building
  • Four one‑bedroom apartments and four three‑bedroom apartments
  • Unit 2 is under construction

Property Analytics

Who owns this building? See the owner, sales and loan history
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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
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The three-story, all-brick property has off-street parking and a mix of one- and three-bedroom apartments.
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 6,357‑square‑foot building; Four one‑bedroom apartments and four three‑bedroom apartments; Unit 2 is under construction
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