Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    303 N Center St Marshalltown, IA 50158

    View on Map
    Sponsored
    For Sale
    $85,900

    MULTI_FAMILY - Marshalltown, IA

    Property size:
    1,314 SF
    Lot size:
    0.09 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 10 at 12:06 am

    Property Features for 303 N Center St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    841826406004
    Parking features
    On Street
    Basement
    Full
    Size
    1,314 SF
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    1
    Number of units
    2
    Building materials
    Slate
    Roof type
    Shingle

    We can help!

    Listing Contact
    Sherri Andrews
    Sherri Andrews

    New Horizons Realty (641) 752-9545

    Listing agent Sherri Andrews (641) 752-9545

    Listing date Mar 9, 2026

    MLS# 6336179 Listing URL

    Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Marshalltown Duplex Near Downtown

    This duplex is located close to downtown Marshalltown. The lower level was previously rented for $525, with the tenant handling maintenance. The upper level has been vacant for an extended period. A new furnace has been installed, and a new water heater is planned. The owner previously covered all utilities, which are connected to a single meter. Parking is available on the street. The property was part of the city's rental program. The roof was replaced after the derecho. The main level includes main floor laundry, a stove, and a refrigerator, along with central air. The upper level has window air conditioning but no appliances. The property size is 1314 square feet and the lot size is 0.09 acres. This property has the potential to be a money maker.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marshalltown
    County
    Marshall
    State
    Iowa
    Longitude
    -92.912674
    Latitude
    42.053666

    Nearby Similar for Sale

    • New
      $349,900
      Pending

      High-Visibility Commercial Property in Marshalltown

      Versatile commercial property at a busy intersection, ideal for various ventures.
      306 W Madison St, Marshalltown, IA 50158
      View Details
    • $252,500
      2,857 SF

      Marshalltown Duplex: Investment Opportunity

      Clean, move-in ready duplex with rental income potential.
      2307 Maple Blvd, Marshalltown, IA 50158
      View Details
    • New
      Contact for pricing
      Pending

      Farmland Auction Near Marshalltown, Iowa

      157.82 acre farm near Marshalltown, IA. Bidding ends March 5th, 2026.
      State Hwy 14, Marshalltown, IA 50158
      View Details
    • New
      Contact for pricing
      Pending

      Productive Farmland Auction - Marshalltown, IA

      223.69 acres of farmland available via online auction.
      State Hwy 14, Marshalltown, IA 50158
      View Details
    • New
      Contact for pricing
      Pending

      Productive Farmland in Marshall County

      223.69 acres of farmland with building site potential.
      01 State Hwy 14, Marshalltown, IA 50158
      View Details
    • Contact for pricing
      79.46 Acres

      Productive Farmland Auction in Iowa

      223.69 acres of farmland with building site potential.
      01 State Hwy 14, Marshalltown, IA 50158
      View Details
    • $699,000

      Marshalltown Commercial Property For Sale

      Commercial property with tenant and owner-occupied spaces on 3.19 acres.
      110 W Madison St, Marshalltown, IA 50158
      View Details
    • $955,000
      18,460 SF

      Downtown Marshalltown Multitenant Office Building

      18,460 SF office building in downtown Marshalltown.
      202 W State St, Marshalltown, IA 50158
      View Details
    • $3,500,000

      Modern Self-Storage Facility For Sale

      Expanding self-storage facility on 4.07 acres with value-add potential.
      1101 Lincoln Way, Marshalltown, IA 50158
      View Details
    • Contact for pricing
      91,694 SF

      Redevelopment Opportunity in Historic District

      2.35-acre site with redevelopment potential in Marshalltown's historic district.
      312 E Main St, Marshalltown, IA 50158
      View Details
    • Contact for pricing
      48,400 SF

      Marshalltown Downtown Commercial Building For Sale

      Five-story commercial building in downtown Marshalltown with modern office space.
      11 E Church St, Marshalltown, IA 50158
      View Details
    • Contact for pricing
      49,673 SF

      Marshalltown Data Center Opportunity

      49,673 SF former data center on 12.45 acres.
      1706 Governor Rd, Marshalltown, IA 50158
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex near downtown Marshalltown with income potential.
    Where is this duplex located?
    The property is located at 303 N Center St Marshalltown, IA.
    What is the asking price?
    The asking price for this property is $85,900.
    What are key features of this property?
    This property features: - Duplex property close to downtown; - Potential for increased rental income, lower level previously rented for $525; - New furnace and new water heater to be installed
    (641) 751-6608
    Request Owner's contact information
    303 N Center St Marshalltown, IA 50158
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    303 N Center St
    Marshalltown, IA 50158
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    303 N Center St Marshalltown, IA 50158
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sherri Andrews
    Sherri Andrews
    Real Estate License ID: ***
    (641) 751-6608 (641) 752-9545
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!