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546 2nd Street, Webster City, IA 50595

Webster City
Local realty services provided by:CENTURY 21 Signature Real Estate
546 2nd Street,Webster City, IA 50595
$875,000
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  • - Beds
  • - Baths
  • 19,980 sq. ft.
  • Multi-family
  • Active
Listed by: scott underberg
Office: guthrie and associates real estate
MLS#:30042
Source:IA_FDBR

Price summary

  • Price:$875,000
  • Price per sq. ft.:$43.79

About this home

Prime mixed-use investment in Webster City's downtown retail corridor. This 19,902 SF brick & steel building features 11 apartments (6 one-bed, 2 two-bed, 3 studio) plus 2 commercial suites with strong long-term leases: Suite 1 at $2,333/mo on a 3-year lease and Suite 2 at $900/mo on a 4-year lease. Renovated in 2026: new roof, PEX plumbing, RTU, furnaces, appliances, security cameras & key fob access. RUBS system reduces utility exposure. Pro forma gross monthly income of $11,200 at stabilized occupancy. Annual NOI of $72,554 — 8.3% cap rate. 86% occupied, mostly year-plus leases. Coin laundry on-site. Priced at $44/SF. Value-add upside on 2 vacant units.

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Home facts

  • Listing ID #:30042
  • Added:12 day(s) ago
  • Updated:July 09, 2026 at 03:30 PM

Rooms and interior

  • Kitchen Description:Refrigerator
  • Basement Description:Full
  • Living area:19,980 sq. ft.

Heating and cooling

  • Central air:Yes

Structure and exterior

  • Roof:Rubber, Wood
  • Building area:19,980 sq. ft.
  • Lot area:0.25 Acres
  • Construction Materials:Block, Brick
  • Foundation Description:Block

Schools

  • Elementary school:Webster City

Utilities

  • Water:Public

Finances and disclosures

  • Price:$875,000
  • Price per sq. ft.:$43.79
  • Tax amount:$4,874

Features and amenities

  • Amenities:Refrigerator

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