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.
For sale
$499,900
1806 Main St, Gowrie, IA 50543
12beds
8baths
9,214sqft
Multi Family
Built in ----
-- sqft lot
$478,700 Zestimate®
$54/sqft
$-- HOA
What's special
- 225 days
- 90
- 8
Zillow last checked:
Listing updated:
Listed by:
Scott Underberg,
Guthrie and Associates Real Estate
Source: Fort Dodge BOR,MLS#: 28713
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air
Appliances
- Included: Unit 1: Refrigerator, Electric Range, Unit 2: Refrigerator, Electric Range, Unit 3: Refrigerator, Electric Range, Unit 4: Refrigerator, Electric Range, Water Heater: Gas Water Heater
Features
- Basement: Crawl Space,Half
Interior area
- Total structure area: 9,214
- Total interior livable area: 9,214 sqft
Video & virtual tour
Property
Parking
- Total spaces: 17
- Parking features: Paved Driveway, No Garage, Parking Lot
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Exterior Handicap Access, Interior Handicap Access
Features
- Patio & porch: Patio, Covered
Lot
- Size: 1.14 Acres
Details
- Additional structures: Apartment
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Block, Slab
- Roof: Asphalt
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
Community & HOA
Location
- Region: Gowrie
Financial & listing details
- Price per square foot: $54/sqft
- Tax assessed value: $348,220
- Annual tax amount: $5,026
- Date on market: 3/2/2026
- Total actual rent: 4900
- Road surface type: Paved
Estimated market value
$478,700
$455,000 - $503,000
$1,015/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/23/2026 | Price change | $499,900+8.7%$54/sqft |
Source:  Fort Dodge BOR #28713 Report a problem | ||
| 3/2/2026 | Listed for sale | $459,900-1.1%$50/sqft |
Source: Fort Dodge BOR #28713 Report a problem | ||
| 3/1/2026 | Listing removed | $464,900$50/sqft |
Source: Fort Dodge BOR #26052 Report a problem | ||
| 2/17/2026 | Price change | $464,900-2.1%$50/sqft |
Source: Fort Dodge BOR #26052 Report a problem | ||
| 11/6/2025 | Listed for sale | $475,000$52/sqft |
Source: Fort Dodge BOR #26052 Report a problem | ||
| 10/16/2025 | Listing removed | $475,000$52/sqft |
Source: Fort Dodge BOR #26052 Report a problem | ||
| 9/10/2025 | Price change | $475,000-3.1%$52/sqft |
Source: Fort Dodge BOR #26052 Report a problem | ||
| 5/5/2025 | Price change | $490,000-4.8%$53/sqft |
Source: Fort Dodge BOR #26052 Report a problem | ||
| 4/24/2025 | Price change | $514,900-2.8%$56/sqft |
Source: Fort Dodge BOR #26052 Report a problem | ||
| 3/4/2025 | Listed for sale | $529,900$58/sqft |
Source: Fort Dodge BOR #26052 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 50543
Nearby schools
Schools provided by the listing agent
- District: Southeast Valley
Source: Fort Dodge BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
