Prime 8-Plex Investment Opportunity! This well-maintained 8-unit all-brick apartment building offers an excellent opportunity for investors looking for a property with extensive updates already completed. The main floor features two 3-bedroom apartments, with Unit 2 currently under construction, providing an opportunity to complete and customize the space. The second floor offers two additional 3-bedroom apartments. The third floor features four 1-bedroom apartments, currently set up for Airbnb/short-term rental use, providing potential for additional rental income and flexibility. The building features significant recent improvements throughout. Major updates include new siding on the rear of the building and new rear windows completed in January 2026, new flooring throughout the building, updated plumbing including new sewer lines, professionally completed asbestos removal, upgraded faux blinds in all windows, and new hot water heaters. The property also offers off-street parking, a desirable amenity for tenants and guests. With substantial capital improvements already completed, this 8-plex is a great opportunity for an investor seeking a property with a strong foundation and multiple income-producing units.
For sale
$629,000
810 7th St, Sheldon, IA 51201
16beds
6,357sqft
Multi Family
Built in 1916
-- sqft lot
$597,700 Zestimate®
$99/sqft
$1/mo HOA
What's special
Off-street parkingNew rear windowsNew hot water heaters
- 10 days
- 216
- 6
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Corey Elgersma 712-348-1770,
ISB Services Inc,
Bailey Francis 712-541-4330,
ISB Services Inc
Source: Northwest Iowa Regional BOR,MLS#: 834636
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
- Full bathrooms: 8
Heating
- See Remarks
Cooling
- Other-See Comments
Interior area
- Total structure area: 6,357
- Total interior livable area: 6,357 sqft
- Finished area above ground: 1
- Finished area below ground: 0
Property
Parking
- Parking features: No Garage, Concrete
Lot
- Size: 6,098 Square Feet
Details
- Parcel number: 0036870000
- Zoning: R
- Zoning description: R
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1916
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
HOA
- Has HOA: Yes
- HOA fee: Has HOA fee
Location
- Region: Sheldon
Financial & listing details
- Price per square foot: $99/sqft
- Tax assessed value: $174,890
- Annual tax amount: $3,758
- Price range: $629K - $629K
- Date on market: 9/16/2026
- Total actual rent: 1200
- Tenant pays: Water, Electricity, Gas
Estimated market value
$597,700
$568,000 - $628,000
$1,252/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/16/2026 | Listed for sale | $629,000+96.6%$99/sqft |
Source: | ||
| 4/10/2024 | Sold | $320,000-4.5%$50/sqft |
Source: | ||
| 3/1/2024 | Pending sale | $335,000$53/sqft |
Source: | ||
| 5/24/2023 | Listed for sale | $335,000+1213.7%$53/sqft |
Source: | ||
| 7/20/2015 | Sold | $25,500$4/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,652 +5.2% | $81,048 -53.7% |
| 2023 | $2,520 +0.6% | $174,890 +15.9% |
| 2022 | $2,506 +5% | $150,880 |
| 2021 | $2,386 -4.4% | $150,880 +10% |
| 2020 | $2,496 +2.3% | $137,140 |
| 2019 | $2,440 -1.1% | $137,140 +5% |
| 2018 | $2,467 +15.6% | $130,640 +3.1% |
| 2017 | $2,134 -8% | $126,670 |
| 2016 | $2,320 | $126,670 +11.2% |
| 2015 | $2,320 +11.5% | $113,890 |
| 2014 | $2,080 +10.2% | $113,890 |
| 2013 | $1,888 +3.6% | -- |
| 2012 | $1,822 +6.9% | -- |
| 2011 | $1,704 -1.7% | -- |
| 2010 | $1,734 +11% | -- |
| 2009 | $1,562 +6.3% | -- |
| 2008 | $1,470 +14.8% | -- |
| 2007 | $1,280 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 51201
Nearby schools
Schools provided by the listing agent
- Elementary: Sheldon
- Middle: Sheldon
- High: Sheldon
Source: Northwest Iowa Regional BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
