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.
402 Prairie Street | MLS# 750201
This multi-family property located at 402 Prairie Street, Guthrie Center, IA 50115 is currently listed for sale with an asking price of call for price. Prairie Street is located within the Guthrie Center school district. Search Guthrie Center real estate on www.jimsellscentraliowa.com today.
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 10/30/2026. The listing information on this page last changed on 10/30/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 10/30/2026 12:02:12 AM EST) or Central Iowa MLS (last updated Thu 10/29/2026 11:29:31 PM EST) or Des Moines MLS (last updated Thu 10/29/2026 11:32:25 PM EST). Real estate listings held by brokerage firms other than Hunziker & Associates, REALTORS may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. Privacy Policy / DMCA Notice / ADA Accessibility
402 Prairie Street | MLS# 750201
This multi-family property located at 402 Prairie Street, Guthrie Center, IA 50115 is currently listed for sale with an asking price of call for price. Prairie Street is located within the Guthrie Center school district. Search Guthrie Center real estate on www.jimsellscentraliowa.com today.