Lejla Frazee

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Listing provided courtesy of Guthrie and Associates Real Estate- MLS# 30042MLS ProviderContact Information: 5155765703, [email protected]

2nd StreetWebster City, IA 50595

Multi-Family · 19,980 Sq. ft. | 0.25 Acres
$875,000 Active

2nd Street Overview

Time on Site:
3 days
Visits:
0

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.

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2nd Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 19,980
  • Price/Sq.ft. $44
  • Lot 0.25 Acres

Details

General

Location/Region

  • County Or Parish: Hamilton

Tax Information

  • Tax Annual Amount: 4874.00
  • Tax Assessed Value: 219000

General Information

  • Property Type: Income Property
  • Zoning: Commercial

Interior

Parking Information

  • Garage Spaces: 0

General Information

  • Basement: Full
  • Cooling: Central Air,Window Unit(s)
  • Electric: Circuit Breakers,Fuses
  • Foundation Details: Block
  • Heating: Forced Air,Natural Gas
  • Interior Features: Other
  • Living Area: 19980

Exterior

Lot Information

  • Lot Size Acres: 0.2500
  • Lot Size Dimensions: 88 X 124
  • Water Source: Public

Building Exterior/Construction

  • Architectural Style: Other
  • Construction Materials: Block,Brick
  • Roof: Rubber,Wood

General Information

  • Exterior Features: Apartment,Paved Street
  • Number Of Units Total: 11
  • Sewer: Community

2nd Street Neighborhood

Community

50595 (Webster City) Demographics

42
Median Age
58
Population Density (per sq. mile)
44%
College Educated
$56,764
Estimated Median Income
2,631
Estimated Total Home Owners
1,080
Estimated Total Renters
71% / 29%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2nd Street Monthly Cost

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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2nd Street Market Data

Based on the last 30 days in this zip code

$254,871
Average List Price
$138
Average Price per Square Foot
7
Properties Sold
87
Average Days on Market
80
Properties for Sale
Calculations provided by Reliance Network

2nd Street History

Date Event Value Agent
6/26/2026Source: Fort Dodge MLS Added to Database
June 26, 2026