Duplex with Separate Mechanical
New
For Sale
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100 S Marshall Street, Burlington, IA 52601
Residential, Burlington, IA
Property Size2,347 SF
Lot Size0.19 Acres
Price / SF$7.88
Days on Market2
Property Features for 100 S Marshall Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 1
Parking features
Garage - Detached
Basement
Full, Daylight
Appliances
Washer, Dryer
Subdivision
SMITHS ADD
Directions
see map
Standard status
Active
APN
16-05-132-001
Size
2,347 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
85 SMITH ADD N10'LOT 86
Tax Annual Amount
606
Legal Description
85 SMITH ADD N10'LOT 86
Utilities
Heating system
Forced Air
Cooling system
Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1908
Building materials
Metal Siding
Listing Agency:
McCord Insurance & Real Estate
Listed By:
Dave Wiges
(712) 263-4694
Added: Oct 18
Last Checked: Oct 19 at 11:06PM
MLS# 6343794
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.
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Investment Insights
Based on property information with market context.
This 2,347-square-foot duplex, built in 1908, sits on a 0.19-acre lot and includes five bedrooms and two bathrooms. Each unit has its own furnace and water heater, with private access and multiple means of egress. The property has metal siding, forced-air heat, central air and a window unit, plus a detached garage. Washer and dryer appliances are listed.
The roof requires replacement, and water damage is present. The main-floor unit has been stripped for interior finishing, while the upper unit needs repairs and updates, including work related to the roof and water damage.
The roof requires replacement, and water damage is present. The main-floor unit has been stripped for interior finishing, while the upper unit needs repairs and updates, including work related to the roof and water damage.
Key Highlights
- Two‑unit property with 2,347 square feet on a 0.19‑acre lot
- Separate systems include 2 furnaces and 2 water heaters
- Five bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,741
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,820
$394.8K
Cap Rate 7%
$282,014
$282.0K
Cap Rate 9%
$219,344
$219.3K
Market Conditions
NOI Build-Up for 2,347 SF
Gross rent
$38.0K $16.20/SF
− Vacancy
−$2.1K −$0.91/SF
EGI
$35.9K $15.29/SF
− OpEx
−$16.2K −$6.88/SF
NOI
$19.7K $8.41/SF
Area
Des Moines County, IA
Vacancy
5.60%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,820
Cap Rate 7%
$282,014
Cap Rate 9%
$219,344
Alternative Uses
Best Use
Multifamily LT 5
$306.7K
$268.3K – $357.8K
NOI $21,466 @ 7.0% cap · market cap 116.03%
Second Best
Apartment 5plus
$282.0K
$246.8K – $329.0K
NOI $19,741 @ 7.0% cap · market cap 106.71%
Theoretical Best
Office A
$586.5K
$513.2K – $684.2K
NOI $41,054 @ 7.0% cap · market cap 221.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
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Business Placement
Demographics for 52601, IA
27,899
Population
14,107
Households
2
Avg Household Size
43
Median Age
24%
College-Educated
94%
High-School Grad
109.3 sq mi
ZIP Area
255
Density / Sq Mi
$57,123
Median Household Income
$35,594
Median Earnings
$921
Median Rent
$125,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two furnaces and two water heaters serve a property with independent access for each unit.
Where is this duplex located?
The property is located at 100 S Marshall Street Burlington, IA.
What are key features of this property?
This property features: Two‑unit property with 2,347 square feet on a 0.19‑acre lot; Separate systems include 2 furnaces and 2 water heaters; Five bedrooms and two bathrooms
