Remodeled Duplex Residential
11 Sunset View Drive Clear Lake, IA 50428
11 Sunset View Drive, Clear Lake, IA, 50428
$430,000
For Sale
$430,000
MULTI_FAMILY - Clear Lake, IA
Property Size2,818 SF
Lot Size0.26 Acres
Price / SF$152.59
Days on Market159
Property Features for 11 Sunset View Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Basement
- Crawl Space
- Standard status
- Active
- APN
- 051235701000
- Size
- 2,818 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- L 15 SUNSET VIEW ADD
- Tax Annual Amount
- 3720
Utilities
- Heating system
- Baseboard, Oil
- Water source
- Public
Building Details
- Year built
- 1968
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Metal Siding
Listing agency
Schoneman, REALTORS
(641) 357-0500
Listed by
Cody Schoneman · License #***
(641) 425-3399
Added: Feb 13 Updated: Jul 22 at 11:28AM Checked: Jul 22 at 2:06PM
MLS# 6335577
Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale duplex offers a remodeled interior and turnkey condition. The unit features updated finishes including beautiful cabinetry and solid surface countertops.
The property is located at 11 Sunset View Drive in Clear Lake, Iowa, within Cerro Gordo County.
The offering includes a duplex configuration designed for residential income.
The property is located at 11 Sunset View Drive in Clear Lake, Iowa, within Cerro Gordo County.
The offering includes a duplex configuration designed for residential income.
Key Highlights
- Remodeled duplex built in 1968 with metal siding
- Baseboard heating with oil heat
- Public water source
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 | $36.2k | $12.84 |
| − Vacancy | −$1.8k | −$0.65 |
| EGI | $34.4k | $12.19 |
| − OpEx | −$10.3k | −$3.66 |
| NOI | $24.1k | $8.54 |
2,818 SF · lease $12.84/SF/yr · vacancy 5.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$343.6K
$300.7K – $400.9K
NOI $24,054 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$304.5K
$266.4K – $355.2K
NOI $21,312 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$707.4K
$619.0K – $825.3K
NOI $49,517 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey duplex with remodeled interior finishes and solid surface countertops, offered for sale in Clear Lake, Iowa.
Where is this duplex located?
The property is located at 11 Sunset View Drive Clear Lake, IA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Remodeled duplex built in 1968 with metal siding; Baseboard heating with oil heat; Public water source
