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For sale
    • Price increase: $40K (6/23)
    $499,900

    1806 Main St, Gowrie, IA 50543

    12beds
    8baths
    9,214sqft
    : 
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    Multi Family
    Built in ----
    -- sqft lot
    $479,100 Zestimate®
    $54/sqft
    $-- HOA

    What's special

    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.
    124 days
    |
    140
    |
    2
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Scott Underberg,

    Guthrie and Associates Real Estate

    Source: Fort Dodge BOR,MLS#: 28713MLS Logo

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      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

        $479,100

        $455,000 - $503,000

        $1,018/mo

        Price history

        DateEventPrice
        6/23/2026Price change$499,900+8.7%$54/sqft
        Source: Fort Dodge BOR #28713 Report a problem
        3/2/2026Listed for sale$459,900-1.1%$50/sqft
        Source: Fort Dodge BOR #28713 Report a problem
        3/1/2026Listing removed$464,900$50/sqft
        Source: Fort Dodge BOR #26052 Report a problem
        2/17/2026Price change$464,900-2.1%$50/sqft
        Source: Fort Dodge BOR #26052 Report a problem
        11/6/2025Listed for sale$475,000$52/sqft
        Source: Fort Dodge BOR #26052 Report a problem
        10/16/2025Listing removed$475,000$52/sqft
        Source: Fort Dodge BOR #26052 Report a problem
        9/10/2025Price change$475,000-3.1%$52/sqft
        Source: Fort Dodge BOR #26052 Report a problem
        5/5/2025Price change$490,000-4.8%$53/sqft
        Source: Fort Dodge BOR #26052 Report a problem
        4/24/2025Price change$514,900-2.8%$56/sqft
        Source: Fort Dodge BOR #26052 Report a problem
        3/4/2025Listed 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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 50543

        Getting around

        14 / 100
        Car-Dependent
        37 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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