106 E Walnut Street, Roland, IA 50236
MULTI_FAMILY - Ranch - Roland, IA
- Added:
- Jun 30, 2026
- Days on Market:
- 10
- Last Refresh:
- Jul 9 at 5:06 am
Property Features for 106 E Walnut Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- R
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 1
- Parking features
- Garage
- Standard status
- Active
- APN
- 0214350110
- Size
- 2,400 SF
Taxes and HOA fees
- Tax Description
- O T PARCEL E LOTS 3 & 4 BLK 4 SLIDE 440 PG 2
- Tax Annual Amount
- 4066
Building Details
- Year built
- 2013
- Floors in Building
- 1
- Number of units
- 2
- Architectural style
- Ranch
Listing agent Heather Schmidt (515) 729-4735
Listing office RE/MAX Precision 709 SW 3rd Street, Clive, IA (515) 223-9492
Listing date Jun 30, 2026
Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Ranch‑style duplex built in 2013 with attached single‑stall garage on each side
- Each side features 3 bedrooms and 1 full bathroom for a total of 6 bedrooms and 2 full baths
- Single‑level living with a functional layout and spacious living areas on each unit side
- Available for purchase individually or as a package
Overview
The duplex is located at 106 E Walnut Street in Roland, Iowa 50236, within Story County. The seller and public records indicate the duplex is available for purchase individually or as part of a package, providing flexibility for buyers looking to acquire one property or multiple locations.
This configuration can suit a range of ownership goals. An owner-occupant can use one side while renting the other, or an investor can maintain the property as a straightforward residential income asset with self-contained unit layouts. Because each side offers similar room counts and a dedicated attached garage, the property can also appeal to tenants who want convenient, single-level access to their living space.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.6k | $11.52 |
| − Vacancy | −$1.4k | −$0.58 |
| EGI | $26.3k | $10.94 |
| − OpEx | −$7.9k | −$3.28 |
| NOI | $18.4k | $7.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Roland
- County
- Story
- State
- Iowa
- Longitude
- -93.501364
- Latitude
- 42.169711
