Listed by Stanbrough Realty
$5,600,000
Creekside Townhomes
Details
Property Type Multifamily
Sub Type Apartment Building, Townhome
Square Footage 35,664
Net Rentable (SqFt) 36,000
Units 24
Beds 3
Cap Rate 6.80%
NOI $374,210
Tenancy Multi
Class A
Year Built 2025
Buildings 8
Acreage 2.870
Zoning RES 3+
Parking Spaces 24 spaces
Parking per 1,000 SqFt 0.67
Pristine Class A townhomes: new build, tax abatement, steady corporate-housing demand
Marketing description
Creekside Townhomes. Located in Marshalltown, Iowa and constructed between 2025 – 2026, the Creekside Townhomes includes 24 units across 8 buildings with units that feature three-bedroom, 2.5-bathroom layouts. Each unit is a two-story with 1,500 SF of rentable area, and includes a 1-car garage, patios, and full kitchens. The units feature polished concrete and LVP flooring, with stainless steel appliances, in-unit washer/dryer and electric fireplaces.
The units are nestled along a cul-de-sac and feature golf course views of Legion Memorial Park with nearby amenities that include but are not limited to the Marshalltown sports complex, Hy-Vee, YMCA, Jimmy John's, UnityPoint, and more!
Investment highlights
- High Demand Rental Product: Mix of corporate and non-corporate tenants
- Immediate Yield Maximization: 3-Year 100% municipal tax abatement active from stabilization.
- Durable Tenant Base: Corporate housing demand backed by regional industrial giants.
- Efficient Expense Profile: Low routine maintenance assumptions paired with optimized insurance costs.
- Premium Asset Class: Rare Class A, new-construction footprint across a single cul-de-sac parcel layout.
Listing Contacts
Listed by Stanbrough Realty
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$374,210.00
$31,184.17/mo
Valuation Metrics
0
DSCR
6.68%
Cap Rate
6.68%
ROI
Map
Zoning
MU MixedMixed UseMixed Use District
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View all 75 uses Last updated Mar 9, 2026 For deeper zoning details, reports are available at Zoneomics
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