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$459,900
12
Beds
0
Baths
9,214
Sqft
1806 Main Street, Gowrie, Iowa, 50543
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MLS# 28713
Quiet Cove: Well-maintained 11-unit multifamily in Fort Dodge
$459,900
1806 Main Street, Gowrie, Iowa, 50543
12
Beds
0
Baths
9,214
Sqft
1.140
Acres
$459,900
1806 Main Street, Gowrie, Iowa, 50543
12 Beds
0 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
12 Beds
0 Baths
9,214 Sqft
Built 0
1.140 Acres
No Patio
Natural Gas
Asphalt Roof
$5,026 Property Tax
Webster County
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Location
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Ad Statistics
Ad Number
7362406
Viewed
11 times
Added
Mar 05, 2026
Updated on
Mar 05, 2026
Listing Information
Data Source
Fort Dodge Board of Realtors
Source Property ID
28713
Compliance
Listing Agent: Scott Underberg, Connections Real Estate Group PLLc, 515-571-2761, 515-576-5703 Listing Site, Listing Status: Active
Copyright © 2025 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.
Copyright © 2025 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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