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Status: Active $629,000

810 7th Ave.
Sheldon, Iowa 51201

16 Bed

8 Bath

Details

Year Built: 1916
Property Type: 8-Plex
Lot Size: .14 acres
Heating Unit: Each apartment has its own individual heating and cooling unit, allowing residents to control the temperature within their own unit.
Cooling Unit: Each apartment has its own individual heating and cooling unit, allowing residents to control the temperature within their own unit.
Real Estate Taxes: $3,758
HOA: No
School District: Sheldon
Property Type: Commercial
Date Listed: September 15, 2026

Description

Prime 8-Plex Investment Opportunity! This well-maintained 8-unit all-brick apartment building offers an excellent opportunity for investors looking for a property with extensive updates already completed. The main floor features two 3-bedroom apartments, with Unit 2 currently under construction, providing an opportunity to complete and customize the space. The second floor offers two additional 3-bedroom apartments. The third floor features four 1-bedroom apartments, currently set up for Airbnb/short-term rental use, providing potential for additional rental income and flexibility. The building features a roof approximately 9–10 years old, along with significant recent improvements throughout. Major updates include new siding on the rear of the building and new rear windows completed in January 2026, new flooring throughout the building, updated plumbing including new sewer lines, professionally completed asbestos removal, upgraded faux blinds in all windows, and new hot water heaters. The property also offers off-street parking, a desirable amenity for tenants and guests. With substantial capital improvements already completed, this 8-plex is a great opportunity for an investor seeking a property with a strong foundation and multiple income-producing units.

61 Views

Features

The first floor includes two 3-bedroom apartments
while the second floor offers two additional 3-bedroom apartments. The third floor features four 1-bedroom apartments
providing a desirable variety of rental options.
Brick