For sale

$395,000

306 N 5th St, Guthrie Center, IA 50115

--beds

--baths

7,440sqft

$2,904/mo

Get pre-qualified

Multi Family

Built in 1977

-- sqft lot

$172,900 Zestimate^®

$53/sqft

$-- HOA

What's special

Lower-level storageDeck or patioOpen conceptAmple additional parking

Investment Property for Sale - Income producing 6-unit apartment building in Guthrie Center. Each unit offers 2 bedrooms, 1 full bath, open concept, deck or patio, lower-level storage and access to a detached 6-stall garage, with each tenant assigned one garage stall. The property also provides ample additional parking. Great location! Minutes away from downtown Guthrie Center, walking trail, ACGC schools and ballfields. Perfect opportunity for investors looking for cash flow and long-term appreciation. Apartment building is 100% full with a strong rental history over the years. Call the listing agent today to receive a income, and expense spreadsheet.

22 hours

39

5

Facts & features

Interior

Heating

Hot Water, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Refrigerator, Stove

Features

Flooring: Carpet, Vinyl

Interior area

Total structure area: 7,440
Total interior livable area: 7,440 sqft

Property

Parking

Total spaces: 1
Parking features: Detached, Garage, One Car Garage
Garage spaces: 1

Features

Levels: Two
Stories: 2

Lot

Size: 0.58 Acres
Dimensions: 100 x 254
Features: Rectangular Lot

Details

Parcel number: 0001165200
Zoning: M-Res

Construction

Type & style

Home type: MultiFamily
Architectural style: Two Story
Property subtype: Multi Family

Materials

Brick
Foundation: Block
Roof: Asphalt,Shingle

Condition

Year built: 1977

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available, Natural Gas Available, Water Available

Community & HOA

Community

Features: Snow Removal

HOA

Has HOA: No
Services included: Maintenance Grounds, Snow Removal, Taxes, Trash

Location

Region: Guthrie Center

Financial & listing details

Price per square foot: $53/sqft
Tax assessed value: $135,000
Annual tax amount: $5,536
Date on market: 8/14/2026
Cumulative days on market: 1 day
Listing terms: Cash,Conventional
Tenant pays: Electricity
Electric utility on property: Yes
Road surface type: Concrete

Estimated market value

$172,900

$130,000 - $218,000

$1,889/mo

Price history

Date	Event	Price
8/14/2026	Listed for sale	$395,000$53/sqft
Source: DMMLS #746602 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$766 -23.7%	$135,000 +102.4%
2024	$1,004 +11.6%	$66,700
2023	$900 +2.3%	$66,700 +25.8%
2022	$880 -0.7%	$53,000
2021	$886 -11.1%	$53,000 +9.3%
2020	$997 +2.7%	$48,500
2019	$970 -6.8%	$48,500 +8%
2018	$1,041 +30.4%	$44,900 -0.2%
2017	$798 +4.7%	$45,000
2016	$762	$45,000 +6.4%
2015	$762 +5.8%	$42,300
2014	$720 +7.8%	$42,300
2013	$668 -8.2%	--
2012	$728 -14.6%	--
2011	$852 -22%	--
2010	$1,092 +14.7%	--
2009	$952 +5.8%	--
2008	$900 -4.9%	--
2007	$946 +0.2%	--
2005	$944	--