$134,900
SOLD JUL 11, 2025

1012 S 5th Ave Marshalltown, IA 50158

-- Bed
-- Bath
1,530 Sq Ft
0.78 Acres

Recently Sold

$88 Per Sq Ft

11 Days on Market

Highlights

  • Wood Flooring
  • Window Unit Cooling System
  • Forced Air Heating System
  • No HOA

About This Home

As of July 2025

Excellent investment opportunity with double the potential! This up-and-down duplex at 1012 S 5th Ave includes a bonus rear lot at 1019 S 6th Ave, offering a generous combined lot size of 0.79 acres. Major updates—newer roof (2020) and new sewer line (2024). The main-level unit is currently rented for $750/month and features a front porch, spacious formal living and dining rooms, a sealed brick fireplace, 1 bedroom, 3/4 bath with updates, and a full kitchen with included refrigerator and range. Charming built-ins enhance the rear porch for this lower unit. The upper-level unit, currently rented at $600/month, includes 2 bedrooms, 1 full bath, a compact kitchen, and a living/dining combo. Both units have access to the shared basement for laundry and additional storage. Owner currently pays for insurance, water, snow/lawn care, and pest control. Tenants pay for their own electric, gas, and trash. New buyers may choose to retain the current tenants or provide notice to vacate. In April 2025, the basement and ductwork were professionally cleaned by Captain Clean. Set in a residential area and a registered rental with the City, this property is ideal for anyone looking for rental income! Call for your private showing today!

Last Agent to Sell the Property

Melisa Fonseca

Alta Vista Real Estate License #B67801000 Listed on: 06/02/2025

Last Buyer's Agent

Melisa Fonseca

Alta Vista Real Estate License #B67801000 Listed on: 06/02/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,044

Year Built

  • Built in 1935

Lot Details

  • 0.78 Acre Lot

Home Design

  • Duplex
  • Block Foundation
  • Stucco

Interior Spaces

  • 1,530 Sq Ft Home
  • 1.5-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Vinyl

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 8418-35-480-020

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $3,882
  • Gross Income $16,200
  • Net Operating Income $12,318

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,044

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.78
  • Lot Size: 124 X 125, 186 X 100
  • Directions: Heading North on Center Street in Marshalltown, turn Right on South Street, continue on passing S 3rd Ave, turn left to S 5th Ave. 1012 S 5th Ave will be on the right.
  • Architectural Style: 1 1/2 Story
  • Garage Yn: No
  • Year Built: 1935
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Water Heater:Gas: Yes
  • Floor:Carpet: Yes
  • Floor:Vinyl2: Yes
  • Floor:Hardwood: Yes
  • Foundation:Concrete Block: Yes
  • Keywords:Architectural Style2: 1 1/2 Story
  • Exterior:Stucco: Yes
  • Annual Expenses: 3882.0
  • Income Expenses Net Income: 12318.0
  • Cooling:Window Unit(s): Yes
  • Special Features: None

Interior Features

  • Has Basement: Full
  • Flooring: Vinyl, Hardwood, Carpet
  • Basement:Full2: Yes

Exterior Features

  • Construction Type: Stucco
  • Foundation Details: Block

Garage/Parking

  • Keywords:Garage Capacity3: None
  • Keywords:Garage Type3: None
  • Keywords:Parking Spaces2: 1 - 5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Information:Homeowners Association (HOA): No

Schools

  • Junior High Dist: Marshalltown

Lot Info

  • Lot Size Sq Ft: 34100.0
  • Parcel #: 8418-35-480-020
  • Zoning: Residential

Rental Info

  • Who Pays Trash: Tenant
  • Who Pays Water: Landlord

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 16200.0
  • Property Net Operating Income: 12318.0
  • Annual Operating Expense: 3882.0

Tax Info

  • Tax Annual Amount: 2044.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2025
Closed on
Jul 11, 2025
Sold by
Dwyer John W and Dwyer Cassandra K
Bought by
Ramp Rentals Llc
Seller's Agent
Melisa Fonseca
Alta Vista Real Estate
Buyer's Agent
Melisa Fonseca
Alta Vista Real Estate
List Price
$134,900
Sold Price
$134,900
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-32.03%
Original Mortgage
$267,878
Outstanding Balance
$267,654
Interest Rate
6.89%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$143,259
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $135,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $267,878 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Sold $134,900 0.0% $88 / Sq Ft
06/13/2025 06/13/25 Pending -- -- --
06/02/2025 06/02/25 For Sale $134,900 -- $88 / Sq Ft
Source: Central Iowa Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,164 $112,030 $22,780 $89,250
2023 $1,884 $112,030 $22,780 $89,250
2022 $1,908 $84,200 $15,780 $68,420
2021 $1,904 $84,200 $15,780 $68,420
2020 $1,903 $80,750 $15,780 $64,970
Source: Public Records

Agents Affiliated with this Home

  • Melisa Fonseca

    Seller's Agent in 2025

    Melisa Fonseca

    Alta Vista Real Estate

    (641) 351-8428

    8 Total Sales

    Melisa Fonseca
    Section Image
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Map

Source: Central Iowa Board of REALTORS®

MLS Number: 67602

APN: 8418-35-480-020

Iowa Marshall County Marshalltown 50158

1012 S 5th Ave, Marshalltown, IA

This home is located at 1012 S 5th Ave, Marshalltown, IA 50158 and is currently priced at $134,900, approximately $88 per square foot. This property was built in 1935. 1012 S 5th Ave is a home located in Marshall County with nearby schools including Anson Elementary School, B.R. Miller Middle School, and Marshalltown High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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