611 E South St Marshalltown, IA 50158
Marshalltown AreaEstimated payment $13,939/month
Highlights
- 2.48 Acre Lot
- Forced Air Heating System
- Coin Laundry
About This Home
Presenting a 36-unit apartment opportunity at 611 E South St, Marshalltown, IA. Three buildings: 24 one-bed and 12 two-bed units, plus 20 garages & 100% occupied. On-site laundry on two floors of each building. Newer roofs and boilers, with updated units throughout. Offered at $2,200,000 ($61,111/unit) with an in-place 8.06% cap on $177,377 NOI. Rents sit below market, with a path to a 9.34% pro forma cap. East-side location in the Marshall County seat. Employment anchored by JBS pork processing, Emerson Fisher, and Lennox HVAC.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $27,162
Year Built
- Built in 1965
Lot Details
- 2.48 Acre Lot
Parking
- 20 Car Garage
Home Design
- 2,784 Sq Ft Home
Utilities
- Forced Air Heating System
- Internet Available
Listing and Financial Details
- Assessor Parcel Number 8318-01-101-008
Community Details
Building Details
- Fuel Expense $21,626
- Gross Income $325,200
- Net Operating Income $177,377
Additional Features
- 36 Units
- Coin Laundry
Map
Home Values in the Area
Average Home Value in this Area
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 | $26,702 | $1,421,000 | $201,740 | $1,219,260 |
| 2024 | $26,702 | $1,382,340 | $201,740 | $1,180,600 |
| 2023 | $21,182 | $1,382,340 | $201,740 | $1,180,600 |
| 2022 | $25,238 | $946,200 | $201,740 | $744,460 |
| 2021 | $26,740 | $946,200 | $201,740 | $744,460 |
| 2020 | $26,740 | $948,170 | $201,740 | $746,430 |
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 |
|---|---|---|---|---|
| 09/13/2026 09/13/26 | Pending | -- | -- | -- |
| 09/11/2026 09/11/26 | For Sale | $2,200,000 | -- | $790 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $65,000 | None Listed On Document |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $950,000 | Commercial |
Source: Northwest Iowa Regional Board of REALTORS®
MLS Number: 834593
APN: 1101101008
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