About This Home

This 3-bedroom, 2-bathroom multi-family at 316 S 16th St in Fort Dodge, IA is listed for $75,000 ($41 per sqft). the home offers 1,824 sqft of living space on a 0.06 acres lot.

Key Features

  • 0.06 acre lot
  • 2 parking spaces

Property Details

2 spaces

Amenities

A/C
Listing Description

**Great Investment Opportunity - Income-Producing Duplex!** Looking to expand your investment portfolio? Check out this duplex located at **316 S 16th St in Fort Dodge!** This property features two separate rental units, including a spacious **2-bedroom, 1-bathroom unit** and a **1-bedroom, 1-bathroom unit**.

The upstairs unit has received recent updates, including new flooring, offering an attractive living space for tenants. With current annualized rental income potential of **$16,200** and relatively low operating expenses, this property presents an excellent opportunity for investors looking to generate rental income. Annual expenses include approximately $630 in property taxes, $434 in insurance, and $3,000 in utilities.

Monthly Cost Estimate

$401/mo

20% down · 6.5% · 30 years

Principal$54
Interest$325
Insurance$22

Estimates only. Actual payments may vary.

Location

316 S 16th St

Fort Dodge, IA 50501

Features & Amenities

Exterior Features

ApartmentFenced YardPaved Street

Property Details

Heating

Forced AirNatural Gas

Cooling

Window Unit(s)

Questions & Answers

This 3-bedroom, 2-bathroom multi-family at 316 S 16th St is listed at $75,000 ($41/sqft). The estimated monthly payment is $401 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.06 acre lot, 2 parking spaces. Exterior Features: Apartment, Fenced Yard, Paved Street.

This property is listed by Jerry Wagner.

JW

Jerry Wagner

Agent at One Stop Realty, LLC

Listed by One Stop Realty, LLC · Broker phone: 5156898987 · View on Broker Site

MLS# 30339· Source: Fort Dodge Board of Realtors· 1 day on PropertySimple

Copyright © 2026 Fort Dodge Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

316 S 16th St, Fort Dodge, IA 50501

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