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Virtual Tour
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$459,900

For Sale

10 days ago

MLS® 28713

12 Bed

8 Bath

9214 sqft

17 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 9214 sqft
Garage No
HOA Fees 
Taxes $5,026
Days Active 9
Approx. Age 1970
Avg. Price Per Sqft $49
MLS® Number 28713

Property Address: 1806 Main St, Gowrie, IA, 50543-7424

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number28713
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1970
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 2, 2026List Date
$459,900List Price
  • Commute

Commute

Starting Address
Destination Address
1806 Main St, Gowrie, IA

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