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5-Unit Apartment Building
For Sale
$175,000
Pending

405 W Church St, Marshalltown, IA 50158

Five-unit income-producing property near downtown with updates to two units and an as-is sale.

Property Size3,110 SF
Days on Market67

Property Features for 405 W Church St

General Information

Standard status Pending
Size 3,110 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 5
Listing Agency: RE/MAX Precision
Listed By: William Soto (323) 574-1301
Source: Centraliowahomesearch
Added: Aug 12 Changed: Oct 1 Last Checked: Oct 16 at 9:30AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Precision

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Investment Insights

Based on property information with market context.

This 3,110-square-foot apartment property contains five units and is being offered in its current as-is condition. Unit 5 includes two bedrooms and one bathroom and has been recently updated, while Unit 3 received updates in 2022. The property is currently income producing and offers a five-unit configuration for a multifamily buyer.

Located near downtown Marshalltown at 405 W Church St, the property provides a central setting for a residential income asset. Photos provided for Unit 5 are for reference.

Key Highlights

  • Five‑unit apartment property
  • 3,110 square feet of property size
  • Unit 5 has 2 bedrooms and 1 bathroom

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Electrical Service Grocery & Convenience Store Carpet & Flooring Store Catering Service Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

737
Businesses Nearby

Demographics for 50158, IA

31,466
Population
12,614
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
84%
High-School Grad
212.2 sq mi
ZIP Area
148
Density / Sq Mi
$71,212
Median Household Income
$40,437
Median Earnings
$865
Median Rent
$130,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Five-unit income-producing property near downtown with updates to two units and an as-is sale.
Where is this apartment building located?
The property is located at 405 W Church St Marshalltown, IA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Five‑unit apartment property; 3,110 square feet of property size; Unit 5 has 2 bedrooms and 1 bathroom
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