402 Prairie Street
Guthrie Center, IA 50115
3
Bed
2
Bath
3,120Sqft
0.15Acre(Lot)
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 mar
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 2 -
Flooring Information
Carpet, Vinyl -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Year Built: 1940 Building Area Total: 3120 Private Pool: No
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Lot Information
Lot Dimensions: 49 x 132 Main Square Feet: 0.15 Acres Lot Size Acres: 0.15 Lot Size Square Feet: 6468
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Listing Price Information
Listing Price: $285000 Cash, Conventional
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Tax Information
Parcel Number: 0001199500 Annual Tax: $1872 Tax Legal Desc: 39 W 49'of LOT 3 BLK 39 ORIGINAL TOWN OF GC
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Homeowners Association InformationIncluded Fees: Maintenance Grounds, Snow Removal, Trash
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Utility Information
Electricity Available, Natural Gas Available, Water Available -
Location Information
Direction: Hwy 44 & 25 Intersection-south on 25 to Prairie St. West to Subject Property. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1026 44 Highway, Guthrie Center, IA, 50115 | $269,999 | 2 | 2 | 1,592 | 0.95 Acre |
| 303 S 12th Street, Guthrie Center, IA, 50115 | $599,000 | 4 | 4 | 2,694 | 2.83 Acres |
| 1004 Prairie Street, Guthrie Center, IA, 50115 | $225,000 | 3 | 2 | 1,722 | 0.33 Acre |
| 201 N 10th Street, Guthrie Center, IA, 50115 | $260,000 | 2 | 1 | 1,254 | 0.18 Acre |
| 805 Grand Street, Guthrie Center, IA, 50115 | $121,500 | 2 | 1 | 844 | 0.46 Acre |
| 307 N 7th Street, Guthrie Center, IA, 50115 | $289,900 | 3 | 2 | 1,806 | 0.21 Acre |
| 306 S 5th Street, Guthrie Center, IA, 50115 | $375,000 | -- | -- | 7,440 | 0.58 Acre |
| 402 North Street, Guthrie Center, IA, 50115 | $199,000 | 3 | 3 | 1,397 | 0.18 Acre |
| 307 Ordway Street, Guthrie Center, IA, 50115 | $184,900 | 3 | 2 | 1,707 | 0.36 Acre |
| 305 Park Avenue, Guthrie Center, IA, 50115 | $150,000 | 2 | 1 | 1,008 | -- |
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the Des Moines Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Des Moines Area Association of REALTORS®. All Rights Reserved.
ByOwner last updated this listing 10/08/2026 @ 23:45
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