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317 5th Street, a centrally located 8-unit multifamily asset situated in the heart of Downtown Marysville. The offering presents investors the opportunity to acquire a cash-flowing apartment community with significant rental upside in a supply-constrained market. The property consists of three spacious three-bedroom/one-bath units and five oversized two-bedroom/one-bath units, with unit sizes averaging approximately 1,200 square feet a rarity compared to the smaller product typically found throughout the surrounding submarket. Originally constructed in 1908, the property offers a compelling blend of historic character and modernized interiors. Select renovations and recent capital improvements help reduce near-term maintenance obligations while positioning ownership to continue driving rental growth through operational efficiencies and unit turnover strategy. The property's large floor plans appeal to workforce housing tenants and families seeking more livable space than competing apartment product in the area.
Source: MetroList MLS, MLS#: 226062388
