Seller's Agent in 2025
Gilbert Gonzales
RE/MAX Precision
(641) 691-2642
101 in this area
269 Total Sales
511 W State St Marshalltown, IA 50158
Studio
--
Bath
4,850
Sq Ft
16,117
Sq Ft Lot
Highlights
- 6 Kitchens
- Laundry Room
- Wood Siding
- No HOA
- Storage
About This Home
As of April 2025Investors take a look at this 6plex with 4850 sf of living space. Along with this property comes 3 stall detached garage for room to add rents for the garage space. On site laundry. Long term tenants. An extra lot has been purchased and added with this property. Sitting on the extra lot is a $75,000 solar system that comes with the property making the average electric bill a month, only $20! This property has a newer roof, added solar, interior remodel, added driveway, added lot, and a whole lead remediation has been completed. With room to raise rents this value add purchase can make this a great investment to add to your portfolio. This property is bringing in monthly $5400, annually $46,020. With room to raise rents. Cap rate is %15. Call today to schedule your appointment at this very profitable investment opportunity. 48 hour notice required prior to showing. All information obtained from seller and public records.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,404
Year Built
- Built in 1911
Home Design
- Stone Foundation
- Asphalt Shingled Roof
- Wood Siding
Interior Spaces
- 4,850 Sq Ft Home
- 2-Story Property
- Storage
- 6 Kitchens
- Finished Basement
Laundry
- Laundry Room
- Laundry on main level
Parking
- 3 Car Detached Garage
- Driveway
Additional Features
- 16,117 Sq Ft Lot
- Window Unit Cooling System
Listing and Financial Details
- Assessor Parcel Number 841826356014
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- Operating Expense $1,257
- Gross Income $5,400
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/04/2025 04/04/25 | Sold | $175,000 | -12.5% | $36 / Sq Ft |
| 02/12/2025 02/12/25 | Pending | -- | -- | -- |
| 01/27/2025 01/27/25 | For Sale | $199,900 | -- | $41 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
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 |
|---|---|---|---|---|
| 2025 | $3,818 | $146,120 | $26,240 | $119,880 |
| 2024 | $3,818 | $197,610 | $36,160 | $161,450 |
Source: Public Records
Agents Affiliated with this Home
-
Gilbert Gonzales
-
Jenn Ho Goh
Buyer's Agent in 2025
Jenn Ho Goh
GoSynergy Realty
(515) 259-3093
8 in this area
249 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 710826
APN: 0726356006
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