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402 Prairie Street, Guthrie Center, IA 50115

Guthrie Center
Local realty services provided by:CENTURY 21 Signature Real Estate
402 Prairie Street,Guthrie Center, IA 50115
$285,000
  • 3 Beds
  • 2 Baths
  • 3,120 sq. ft.
  • Multi-family
  • Active
Listed by: rod robson
Office: lake panorama realty
MLS#:750201
Source:IA_DMAAR

Price summary

  • Price:$285,000
  • Price per sq. ft.:$91.35

About this home

VALUE-ADD MULTIFAMILY INVESTMENT OPPORTUNITY 6-Unit Apartment Complex | 5 - 1 Bedroom & 1 - 2 Bedroom Units/ 1 Bathroom Per Unit | Prime Downtown Proximity Investors, take a closer look at this well-positioned 6-unit multifamily property located just one block from downtown in a quiet and established community. The property offers an attractive unit mix of six 1-bedroom, 1-bathroom apartments, creating a simple and manageable asset for both new and experienced multifamily investors. Apartment 1 has been newly renovated, providing an immediate example of the property's improvement potential. The remaining units may offer additional opportunities for an investor to implement strategic updates, improve the overall property, and potentially increase rental income over time, subject to market conditions and applicable expenses. The property's proximity to downtown provides convenient access to local businesses, services, and community amenities while maintaining a quieter residential...

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Home facts

  • Year built:1940
  • Listing ID #:750201
  • Added:14 day(s) ago
  • Updated:October 21, 2026 at 03:49 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Flooring:Carpet, Vinyl
  • Living area:3,120 sq. ft.

Heating and cooling

  • Cooling:Window Units
  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1940
  • Building area:3,120 sq. ft.
  • Lot area:0.15 Acres

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$285,000
  • Price per sq. ft.:$91.35
  • Tax amount:$1,872

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