Jason Rude
Rude Realty
(515) 400-4122
346 Total Sales
3 in Marshalltown
$540,000 Price Range
511 W State St Marshalltown, IA 50158
Marshalltown Area
Studio
--
Baths
4,850
Sq Ft
0.37
Acre 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.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,404
Year Built
- Built in 1911
Lot Details
- 0.37
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 27, 2025
Closed on
Mar 24, 2025
Sold by
Bought by
Seller's Agent
Gilbert Gonzales
RE/MAX Precision
Buyer's Agent
Jenn Ho Goh
GoSynergy Realty
List Price
$199,900
Sold Price
$175,000
Premium/Discount to List
-$24,900
-12.46%
Views
25
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
6.63%
Mortgage Type
Credit Line Revolving
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Marshalltown, IA
-
Jason Rude
-
Matt Karjalahti
Matt Karjalahti
RE/MAX Partners Realty
(641) 381-6548
143 Total Sales
1 in Marshalltown
$259,000 Price
-
Ginger Atcheson
Ginger Atcheson
Real Estate Property Solutions, LLC
(515) 400-3340
198 Total Sales
3 in Marshalltown
$180K - $190K Price Range
-
Heather Rawlins
Heather Rawlins
Iowa Realty Colfax
(515) 219-8941
287 Total Sales
2 in Marshalltown
$295K - $350K Price Range
-
Mike Purcell
Mike Purcell
Friedrich Realty
(515) 686-6631
80 Total Sales
4 in Marshalltown
$172K - $378K Price Range
-
Andrew Bruellman
Andrew Bruellman
Responds QuicklyRE/MAX Concepts
(515) 575-2183
215 Total Sales
2 in Marshalltown
$542K - $654K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $175,000 | None Listed On Document |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $189,000 | ||
| Previous Owner | $189,000 | ||
| Previous Owner | $189,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
Seller's Agent in 2025
Gilbert Gonzales
RE/MAX Precision
(641) 691-2642
276 Total Sales
-
Jenn Ho Goh
Buyer's Agent in 2025
Jenn Ho Goh
GoSynergy Realty
(515) 259-3093
211 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 710826
APN: 0726356006
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.
IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.
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