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Virtual Tour
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$459,900

For Sale

2 months ago

1806 Main St, Gowrie, IA

House

MLS® 28713

12 Bed

8 Bath

9214 sqft

17 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 9214 sqft
Garage 
Taxes $5,026
Days Active 54
Lot Size 
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
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1970
BasementCrawl Space, Half
DrivewayNo Garage, Paved Driveway, Parking Lot
Garage Spaces
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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