3 Beds
2 Baths
3,120 sqft
$285,000
402 Prairie Street, Guthrie Center IA, 50115
Price per sqft$91.35
Built in1940
Property size3,120 sqft
Property typeMulti-family
Overview
Active
Listed Oct 6, 2026
Updated 12h ago
VALUE-ADD MULTIFAMILY INVESTMENT OPPORTUNITY
6-Unit Apartment Complex | 5 - 1 Bedroom & 1 - 2 Bedroom Units/ 1 Bathroom Per Unit | Prime Downtown Proximity
Investors, take a closer look at this well-positioned 6-unit multifamily property located just one block from downtown in a quiet and established community. The property offers an attractive unit mix of six 1-bedroom, 1-bathroom apartments, creating a simple and manageable asset for both new and experienced multifamily investors.
Apartment 1 has been newly renovated, providing an immediate example of the property's improvement potential. The remaining units may offer additional opportunities for an investor to implement strategic updates, improve the overall property, and potentially increase rental income over time, subject to market conditions and applicable expenses. The property's proximity to downtown provides convenient access to local businesses, services, and community amenities while maintaining a quieter residential setting.
Additionally, there is a Charming Single-Family Home Near Downtown. Cozy 1-bedroom, 1-bathroom single-family home offering approximately 760 square feet of living space. Built in 1940, this one-story frame home offers classic character with a convenient location close to downtown.
Great potential for an owner-occupant or investment property
Both properties are being "SOLD" together.
$1,896/mo
Est. mortgage payment based on a $285,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 750201
Interior Features
- Bedrooms
- 3
- Bathrooms
- 2
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.15 Acres
Other Property Details
- Taxes
- $1,872
- Tax Frequency
- Annually
Courtesy of Lake Panorama Realty, Rod Robson,
Listing Contact: (641) 757-1409
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Lake Panorama Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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