402 Prairie Street, Guthrie Center, IA 50115

Guthrie Center
Local realty services provided by:Better Homes and Gardens Real Estate Innovations
402 Prairie Street,Guthrie Center, IA 50115
$285,000
  • 3 Beds
  • 2 Baths
  • 3,120 sq. ft.
  • Multi-family
  • Active
Listed by: rod robson
Office: lake panorama realty
MLS#:750201
Source:IA_DMAAR

Price summary

  • Price:$285,000
  • Price per sq. ft.:$91.35

About this home

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...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1940
  • Listing ID #:750201
  • Added:1 day(s) ago
  • Updated:October 07, 2026 at 10:49 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Flooring:Carpet, Vinyl
  • Living area:3,120 sq. ft.

Heating and cooling

  • Cooling:Window Units
  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1940
  • Building area:3,120 sq. ft.
  • Lot area:0.15 Acres

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$285,000
  • Price per sq. ft.:$91.35
  • Tax amount:$1,872

New listings near 402 Prairie Street