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1806 Main Street, Gowrie, IA 50543

Gowrie
Local realty services provided by:CENTURY 21 Signature Real Estate
1806 Main Street,Gowrie, IA 50543
$459,900
Virtual Tour
  • - Beds
  • - Baths
  • 9,214 sq. ft.
  • Multi-family
  • Active
Listed by: scott underberg
Office: guthrie and associates real estate
MLS#:28713
Source:IA_FDBR

Price summary

  • Price:$459,900
  • Price per sq. ft.:$49.91

About this home

Quiet Cove: Well-maintained 11-unit multifamily in Fort Dodge, IA—10 one-bedroom + 1 two-bedroom units in excellent condition. 10 units leased (90.9% occupancy) generating steady income; 11th under remodel (new flooring) for quick market-rate re-rental—immediate upside. On >1 acre with: 1814 storage/conference room, community room w/ kitchen & bath (potential 12th unit conversion, subj. to approvals), on-site laundry (2W/2D), 17 dedicated parking spots. Low-maintenance cash flow in quiet community. Pro forma at 90.9% occ.: rents $73,582 + misc $8,470 = $82,052 gross. Expenses: known $26,434 + 10% mgmt ($8,205), 6% maint ($4,923), 5% contract (snow/lawn, $4,103) = $43,665 total; NOI $38,387; 8.35% cap rate at $459,900 ask. Come take a tour today.

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Home facts

  • Listing ID #:28713
  • Added:1 day(s) ago
  • Updated:March 02, 2026 at 03:47 PM

Rooms and interior

  • Kitchen Description:Refrigerator, Stove - E
  • Basement Description:Crawl Space, Half
  • Living area:9,214 sq. ft.

Heating and cooling

  • Cooling:Forced

Structure and exterior

  • Roof:Asphalt
  • Building area:9,214 sq. ft.
  • Lot area:1.14 Acres
  • Construction Materials:Vinyl Siding
  • Foundation Description:Block, Slab
  • Levels:1 Story

Schools

  • Elementary school:Southeast Valley

Utilities

  • Water:City Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$459,900
  • Price per sq. ft.:$49.91
  • Tax amount:$5,026

Features and amenities

  • Amenities:Refrigerator

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