About This Home
This 16-bedroom, 8-bathroom residential multi family at 810 7th Street in Sheldon, IA is listed for $629,000 ($26 per sqft). Built in 1916, the home offers 24,273 sqft of living space on a 0.14 acres lot.
Key Features
- Built in 1916
- 0.14 acre lot
Property Details
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.
Monthly Cost Estimate
$3,365/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
810 7th Street
Sheldon, IA 51201
Questions & Answers
This 16-bedroom, 8-bathroom residential multi family at 810 7th Street is listed at $629,000 ($26/sqft). The estimated monthly payment is $3,365 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.
HOA fees are $1/month.
Key features include: Built in 1916, 0.14 acre lot.
This property is listed by Corey Elgersma and can be reached at 7123481770.