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1806 Main Street, 
Gowrie, IA 50543

$499,900

—

Bed

—

Bath

9,214

Sq Ft

Multi-Family

Virtual Tour

Active

Listed by

Scott Underberg

Guthrie And Associates Real Estate

515-576-5703

Last updated:

June 24, 2026, 04:26 PM

MLS#

28713

Source:

IA FDBR

About This Home

1806 Main Street

Huge new improvements happening now!! 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.

Home Facts

Multi-Family

Price Summary

499,900

$54 per Sq. Ft.

MLS #:

28713

Last Updated:

June 24, 2026, 04:26 PM

Added:

4 day(s) ago

Rooms & Interior

Interior

Living Area:

9,214 Sq. Ft.

Structure

Structure

Building Area:

9,214 Sq. Ft.

Lot

Lot Size (Sq. Ft):

49,658

Finances & Disclosures

Finances

Price:

$499,900

Price per Sq. Ft:

$54 per Sq. Ft.

Source:IA FDBR
The information being provided by Fort Dodge Board Of REALTORS® is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Fort Dodge Board Of REALTORS® All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.