1012 S 5th Avenue, Marshalltown, Iowa 50158

IA, Marshalltown
$134,900
  • 2,430
  • Residential Income Property Type
  • 1935 Year Built
  • Active Status
Property Description
Excellent investment opportunity with double the potential! This up-and-down duplex at 1012 S 5th Ave includes a bonus rear lot at 1019 S 6th Ave, offering a generous combined lot size of 0.79 acres. Major updates—newer roof (2020) and new sewer line (2024). The main-level unit is currently rented for $750/month and features a front porch, spacious formal living and dining rooms, a sealed brick fireplace, 1 bedroom, 3/4 bath with updates, and a full kitchen with included refrigerator and range. Charming built-ins enhance the rear porch for this lower unit. The upper-level unit, currently rented at $600/month, includes 2 bedrooms, 1 full bath, a compact kitchen, and a living/dining combo. Both units have access to the shared basement for laundry and additional storage. Owner currently pays for insurance, water, snow/lawn care, and pest control. Tenants pay for their own electric, gas, and trash. New buyers may choose to retain the current tenants or provide notice to vacate. In April 2025, the basement and ductwork were professionally cleaned by Captain Clean. Set in a residential area and a registered rental with the City, this property is ideal for anyone looking for rental income! Call for your private showing today!
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 6328242
  • Price: $134,900
  • Square Footage: 2,430
  • Year Built: 1935
  • Lot Area: 0.79 Acre
  • Status: Active
  • Office Name: Alta Vista Real Estate
  • Property Sub Type: Duplex
  • Roof: Age 8 Years or Less,Shingle
Farm Details
  • Land Features: Additional Land Available
Features
  • Swimming Pool None
  • Heating System Forced Air
  • Basement Full,Unfinished,Block,Storage Space,Shared Access,Single Tenant Access
  • Fence None
  • Parking Gravel,Outside
  • Sewer City Sewer/Connected
  • Waterfront Features Creek/Stream
Address Map
  • Country US
  • State IA
  • County Marshall
  • City Marshalltown
  • Zipcode 50158
  • Street: 5Th
  • Street Number: 1012
  • Street Suffix: Avenue
  • Longitude: W93° 5' 44.1''
  • Latitude: N42° 2' 7.9''
  • Directions: Heading North on Center Street in Marshalltown, turn Right on South Street, continue on passing S 3rd Ave, turn left to S 5th Ave. 1012 S 5th Ave will be on the right.
  • Street Dir Prefix: S
  • Zoning: Residential-Multi-Family
Additional Information
  • Accessibility Features: None
  • Construction Materials: Block,Stucco
  • Electric: Circuit Breakers
  • Lot Features: Additional Land Available
  • Lot Size Dimensions: 124 X 125, 186 X 100
  • Number Of Units Total: 2
  • Previous Price: 134900
  • Stories: 1
  • Water Source: Public
Financial
  • Tax Annual Amount: 2044
Map
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