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24-Unit Apartment Buildings
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519 N 3rd St, Marshalltown, IA 50158

Three matching buildings offer one-bedroom residences in a quiet North Marshalltown neighborhood near downtown.

Property SizeContact for details
Days on Market134

Property Features for 519 N 3rd St

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: CBRE - Des Moines
Listed By: Ryan Jensen · License #IA F00261000
Source: Crexi
Added: Apr 23 Changed: Aug 30 Last Checked: Aug 30 at 12:16PM

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 CBRE - Des Moines

Investment Insights

Based on property information with market context.

Park Place Apartments comprise three matching eight-unit buildings constructed in 1998, for a total of 24 residences. Every apartment includes one bedroom and one bathroom, creating a consistent unit mix across the property. The buildings are situated in a residential setting on the north side of Marshalltown.

Downtown Marshalltown is approximately 1 mile away, providing convenient access to the city center while maintaining a neighborhood environment. The property is also located 53 miles northeast of Des Moines and 42 miles east of Ames.

Key Highlights

  • 24 total apartment units across three buildings
  • Three identical eight‑unit buildings constructed in 1998
  • Consistent one‑bedroom, one‑bathroom unit mix

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop 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.

Location Intelligence

Trade Area within ½ mile

719
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Three matching buildings offer one-bedroom residences in a quiet North Marshalltown neighborhood near downtown.
Where is this apartment building located?
The property is located at 519 N 3rd St Marshalltown, IA.
What are key features of this property?
This property features: 24 total apartment units across three buildings; Three identical eight‑unit buildings constructed in 1998; Consistent one‑bedroom, one‑bathroom unit mix
(515) 988-2782 Call to check price and availability
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