Investment Property for Sale - Income producing 6-unit apartment building in Guthrie Center. Each unit offers 2 bedrooms, 1 full bath, open concept, deck or patio, lower-level storage and access to a detached 6-stall garage, with each tenant assigned one garage stall. The property also provides ample additional parking. Great location! Minutes away from downtown Guthrie Center, walking trail, ACGC schools and ballfields.
Perfect opportunity for investors looking for cash flow and long-term appreciation. Apartment building is 100% full with a strong rental history over the years. Call the listing agent today to receive a income, and expense spreadsheet.
For sale
Price cut: $20K (9/22)
$375,000
306 S 5th St, Guthrie Center, IA 50115
--beds
--baths
7,440sqft
Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$50/sqft
$-- HOA
What's special
Lower-level storageDeck or patioOpen conceptAmple additional parking
- 52 days
- 173
- 10
Zillow last checked:
Listing updated:
Listed by:
Rod Robson (641)757-1409,
Lake Panorama Realty
Source: DMMLS,MLS#: 746602
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Heating
- Hot Water, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Refrigerator, Stove
Features
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 7,440
- Total interior livable area: 7,440 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached, Garage, One Car Garage
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.58 Acres
- Dimensions: 100 x 254
- Features: Rectangular Lot
Details
- Parcel number: 0001165200
- Zoning: M-Res
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Block
- Roof: Asphalt,Shingle
Condition
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & HOA
Community
- Features: Snow Removal
HOA
- Has HOA: No
- Services included: Maintenance Grounds, Snow Removal, Taxes, Trash
Location
- Region: Guthrie Center
Financial & listing details
- Price per square foot: $50/sqft
- Annual tax amount: $5,536
- Date on market: 8/14/2026
- Cumulative days on market: 57 days
- Listing terms: Cash,Conventional
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Concrete
Estimated market value
Not available
Estimated sales range
Not available
$980/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/22/2026 | Price change | $375,000-5.1%$50/sqft |
Source:  DMMLS #746602 Report a problem | ||
| 8/14/2026 | Listed for sale | $395,000$53/sqft |
Source: DMMLS #746602 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
