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.
For sale
$875,000
546 2nd St, Webster City, IA 50595
10beds
8baths
19,980sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$44/sqft
$-- HOA
What's special
Pex plumbingNew roofCoin laundry on-siteBrick and steel building
- 63 days
- 140
- 3
Zillow last checked:
Listing updated:
Listed by:
Scott Underberg,
Guthrie and Associates Real Estate
Source: Fort Dodge BOR,MLS#: 30042
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Unit 1: Gas Range, Refrigerator, Unit 2: Electric Gas, Refrigerator, Unit 3: Gas Range, Refrigerator, Unit 4: Gas Range, Refrigerator, Water Heater: Gas Water Heater
Features
- Other
- Basement: Full
Interior area
- Total structure area: 19,980
- Total interior livable area: 19,980 sqft
Property
Parking
- Parking features: No Garage, On Street
- Has uncovered spaces: Yes
Features
- Patio & porch: Other
Lot
- Size: 0.25 Acres
- Dimensions: 88 x 124
Details
- Additional structures: Apartment
- Zoning description: Commercial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Brick
- Foundation: Block
- Roof: Rubber,Wood
Utilities & green energy
- Electric: Circuit Breakers, Fuses
Community & HOA
Location
- Region: Webster City
Financial & listing details
- Price per square foot: $44/sqft
- Tax assessed value: $219,000
- Annual tax amount: $4,874
- Date on market: 6/26/2026
- Total actual rent: 4475
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,035/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Listed for sale | $875,000+150.1%$44/sqft |
Source:  Fort Dodge BOR #30042 Report a problem | ||
| 5/16/2022 | Listing removed | -- |
Source: Fort Dodge BOR Report a problem | ||
| 12/12/2021 | Pending sale | $349,900$18/sqft |
Source: Fort Dodge BOR #21800 Report a problem | ||
| 10/17/2021 | Listed for sale | $349,900$18/sqft |
Source: Fort Dodge BOR #21800 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 50595
Nearby schools
Schools provided by the listing agent
- District: Webster City
Source: Fort Dodge BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
