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611 E South Street, Marshalltown, IA 50158

Marshalltown
Local realty services provided by:CENTURY 21 ProLink
611 E South Street,Marshallltown, IA 50158
$2,200,000
  • - Beds
  • - Baths
  • 2,784 sq. ft.
  • Multi-family
  • Pending
Listed by: nic madsen
Office: gateway real estate advisors
MLS#:834593
Source:IA_GSCBOR

Price summary

  • Price:$2,200,000
  • Price per sq. ft.:$790.23

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.

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Home facts

  • Year built:1965
  • Listing ID #:834593
  • Added:28 day(s) ago
  • Updated:October 10, 2026 at 07:53 AM

Rooms and interior

  • Living area:2,784 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1965
  • Building area:2,784 sq. ft.
  • Lot area:2.48 Acres

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$2,200,000
  • Price per sq. ft.:$790.23
  • Tax amount:$27,162

Parking

  • Garage spaces:20

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