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
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
Estimates only. Actual payments may vary.
Location
546 2nd Street
Webster City, IA 50595
Features & Amenities
Exterior Features
Property Details
Parking
Heating
Cooling
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 and can be reached at 5155712761.