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Local Realty Service Provided By: Coldwell Banker Associated Brokers Realty, Inc.

Property view
Listing view 2
Listing view 3

611 E South Street, 
Marshallltown, IA 50158

$2,200,000

—

Bed

—

Bath

2,784

Sq Ft

Multi-Family

Active

Listed by

Nic Madsen

Gateway Real Estate Advisors

712-226-8000

Last updated:

September 12, 2026, 10:34 AM

MLS#

834593

Source:

IA GSCBOR

About This Home

611 E South Street

Gateway Real Estate Advisors is pleased to present a 36-unit apartment opportunity at 611 E South St, Marshalltown, IA.? Three buildings: 24 one-bed and 12 two-bed units, plus 20 garages & 100% occupied.? On-site laundry on two floors of each building.? Newer roofs and boilers, with updated units throughout.? Offered at $2,200,000 ($61,111/unit) with an in-place 8.06% cap on $177,377 NOI.? Rents sit below market, with a path to a 9.34% pro forma cap.? East-side location in the Marshall County seat.? Employment anchored by JBS pork processing, Emerson Fisher, and Lennox HVAC.?

Home Facts

Multi-Family

Built in 1965

Price Summary

2,200,000

$790 per Sq. Ft.

MLS #:

834593

Last Updated:

September 12, 2026, 10:34 AM

Added:

a day ago

Rooms & Interior

Interior

Living Area:

2,784 Sq. Ft.

Structure

Structure

Building Area:

2,784 Sq. Ft.

Year Built:

1965

Lot

Lot Size (Sq. Ft):

108,028

Finances & Disclosures

Finances

Price:

$2,200,000

Price per Sq. Ft:

$790 per Sq. Ft.

Source:IA GSCBOR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.