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Separately Metered Duplex
For Sale
$112,500
Pending

406 N 3rd Avenue, Marshalltown, IA 50158

MULTI_FAMILY - Marshalltown, IA

Property Size1,947 SF
Lot Size0.24 Acres
Days on Market52

Property Features for 406 N 3rd Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Basement Full
Directions GPS-there is access to property off the alley
Standard status Pending
APN 841826403027
Size 1,947 SF
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description BINFORDS ADD LOT 5 EX E 2' BLK 1
Tax Annual Amount 1950
Legal Description BINFORDS ADD LOT 5 EX E 2' BLK 1

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1945
Floors in Building 1
Number of units 2
Building materials Vinyl Siding
Listing Agency: Van Metre Iowa Realty
Listed By: Fred Van Metre · License #***
Added: Jul 10 Changed: Jul 23 Last Checked: Aug 30 at 12:06PM
MLS# 6340236

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.

Investment Insights

Based on property information with market context.

This well-cared for duplex includes two bedrooms in each unit and is separately metered. The exterior is described as maintenance free, and the property features a double garage with alley access.

The property is located at 406 N 3rd Avenue in Marshalltown, Iowa, and is offered for sale as-is.

Additional details include a lot size of 0.24 acres and a total property size of 1,947 square feet.

Key Highlights

  • Duplex built in 1945 with vinyl siding
  • Forced‑air heating and public water source
  • 2 bedrooms in each unit

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Real Estate Agency Carpet & Flooring Store Barber Shop

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

Location Intelligence

Trade Area within ½ mile

1,085
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Well-cared for duplex with two separately metered units, each offering two bedrooms and access to a double garage.
Where is this duplex located?
The property is located at 406 N 3rd Avenue Marshalltown, IA.
What is the asking price?
The asking price for this property is $112,500.
What are key features of this property?
This property features: Duplex built in 1945 with vinyl siding; Forced‑air heating and public water source; 2 bedrooms in each unit
More about this property
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