About This Home

This 10-bedroom, 8-bathroom residential multi family at 546 2nd Street in Webster City, IA is listed for $875,000 ($44 per sqft). the home offers 19,980 sqft of living space on a 0.25 acres lot.

Key Features

  • 0.25 acre lot

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$4,680/mo

20% down · 6.5% · 30 years

Principal$633
Interest$3,792
Insurance$255

Estimates only. Actual payments may vary.

Location

546 2nd Street

Webster City, IA 50595

Features & Amenities

Exterior Features

ApartmentPaved Street

Property Details

Parking

On Street

Heating

Forced AirNatural Gas

Cooling

Central AirWindow Unit(s)

Questions & Answers

This 10-bedroom, 8-bathroom residential multi family at 546 2nd Street is listed at $875,000 ($44/sqft). The estimated monthly payment is $4,679 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.25 acre lot. Exterior Features: Apartment, Paved Street.

This property is listed by Scott Underberg.

SU

Scott Underberg

Agent at Connections Real Estate Group PLLc

Listed by Connections Real Estate Group PLLc · Broker phone: (515) 576-5703 · View on Broker Site · Broker website

MLS# 30042· Source: Fort Dodge Board of Realtors· 125 days 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.

546 2nd Street, Webster City, IA 50595

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