1012 S 5th AVE new Save Request In-Person Tour Request Virtual Tour
Marshalltown,IA 50158
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,530 sqft
Price per Sqft $88
MLS Listing ID 67602
Style 1 1/2 Story
Year Built 1935
Annual Tax Amount $2,044
Lot Size 0.780 Acres
Property Sub-Type Duplex
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!
Location
State IA
County Marshall
Zoning Residential
Interior
Heating Forced Air
Cooling Window Unit(s)
Flooring Vinyl,Hardwood,Carpet
Building
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Stucco
Schools
School District Marshalltown