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8-Unit Apartment Building
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 Market11

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

Amenities

off-street parking

Building Details

Year built 1916
Number of units 8
Listing Agency: ISB Services Inc
Listed By: Corey Elgersma
Added: Sep 15 Changed: Sep 23 Last Checked: Sep 25 at 2:06PM
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.

Investment Insights

Based on property information with market context.

This 8-unit apartment building contains 24,273 square feet on 0.14 acres and was built in 1916. The all-brick property includes four three-bedroom apartments across the first and second floors, along with four one-bedroom apartments on the third floor. One first-floor unit is under construction. The upper-level one-bedroom units are configured for Airbnb and short-term rental use.

Recent work includes rear siding and windows completed in January 2026, new flooring throughout, plumbing upgrades with new sewer lines, asbestos removal, faux blinds in the windows, and new hot water heaters. Off-street parking serves the building. The property is zoned R and located in Sheldon, Iowa.

Key Highlights

  • 8‑unit apartment building with 24,273 square feet on 0.14 acres
  • Four 3‑bedroom apartments and four 1‑bedroom apartments
  • One first‑floor unit is currently under construction

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 - All-brick multifamily property with updated systems, off-street parking, and a mix of three-bedroom and one-bedroom units.
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: 8‑unit apartment building with 24,273 square feet on 0.14 acres; Four 3‑bedroom apartments and four 1‑bedroom apartments; One first‑floor unit is currently under construction
More about this property
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