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546 2nd Street, 
Webster City, IA 50595

$875,000

—

Bed

—

Bath

19,980

Sq Ft

Multi-Family

Virtual Tour

Active

Listed by

Scott Underberg

Guthrie And Associates Real Estate

515-576-5703

Last updated:

July 30, 2026, 03:27 PM

MLS#

30042

Source:

IA FDBR

About This Home

546 2nd Street

Prime mixed-use investment in Webster City's downtown retail corridor. This 19,902 SF brick & steel building features 11 apartments (6 one-bed, 2 two-bed, 3 studio) plus 2 commercial suites with strong long-term leases: Suite 1 at $2,333/mo on a 3-year lease and Suite 2 at $900/mo on a 4-year lease. Renovated in 2026: new roof, PEX plumbing, RTU, furnaces, appliances, security cameras & key fob access. RUBS system reduces utility exposure. Pro forma gross monthly income of $11,200 at stabilized occupancy. Annual NOI of $72,554 — 8.3% cap rate. 86% occupied, mostly year-plus leases. Coin laundry on-site. Priced at $44/SF. Value-add upside on 2 vacant units.

Home Facts

Multi-Family

Price Summary

875,000

$43 per Sq. Ft.

MLS #:

30042

Last Updated:

July 30, 2026, 03:27 PM

Added:

a month ago

Rooms & Interior

Interior

Living Area:

19,980 Sq. Ft.

Structure

Structure

Building Area:

19,980 Sq. Ft.

Lot

Lot Size (Sq. Ft):

10,890

Finances & Disclosures

Finances

Price:

$875,000

Price per Sq. Ft:

$43 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.