Ad #7362406
MLS #28713
Quiet Cove: Well-maintained 11-unit multifamily in Fort Dodge
1806 Main St, Gowrie, Iowa, 50543
$459,900
12Beds
8Baths
9,214Sqft
1.140Acres
About this property
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 aske take a tour today.
Property Features
12 Beds
8 Baths
9,214 Sqft
1.140 Acres
Asphalt Roof
Forced Air, Natural Gas
$5,026 / yr property tax
Webster County
Additional Photos
Contact Information
Scott Underberg
Connections Real Estate Group PLLc
515-571-2761
Location
Listing Agent: Scott Underberg 515-571-2761
Broker: Connections Real Estate Group PLLc 515-576-5703 Listing Site
Copyright © 2026 Fort Dodge 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.
Broker: Connections Real Estate Group PLLc 515-576-5703 Listing Site
Copyright © 2026 Fort Dodge 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.
BarrierFreeHome.com
Printed Jun 9, 2026
Photo Gallery
$459,900
12
Beds
8
Baths
9,214
Sqft
1806 Main St, Gowrie, Iowa, 50543
By contacting this agent you agree to these Terms and Conditions.
MLS# 28713
Quiet Cove: Well-maintained 11-unit multifamily in Fort Dodge
$459,900
1806 Main St, Gowrie, Iowa, 50543
12
Beds
8
Baths
9,214
Sqft
1.140
Acres
$459,900
1806 Main St, Gowrie, Iowa, 50543
12 Beds
8 Baths
9,214 Sqft
1.140 Acres
Accessibility Features
Accessible Approach with Ramp
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 aske take a tour today.
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Property Details
HOME DETAILS
12 Beds
8 Baths
9,214 Sqft
1.140 Acres
EXTERIOR
Asphalt Roof
INTERIOR
Forced Air, Natural Gas
FINANCIAL & COMMUNITY
$5,026 / yr property tax
Webster County
See More Details
Location
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Ad Statistics
Ad Number
7362406
Viewed
51 times
Listing Status
Active
Added
Mar 05, 2026
Last Refresh
Jun 08, 2026 09:04:43 PM
Listing Information
Data Source
Fort Dodge Board of Realtors
Source Property ID
28713
Listing Agent: Scott Underberg 515-571-2761
Broker: Connections Real Estate Group PLLc 515-576-5703 Listing Site
Copyright © 2026 Fort Dodge 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.
Broker: Connections Real Estate Group PLLc 515-576-5703 Listing Site
Copyright © 2026 Fort Dodge 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.
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