1319 W 3rd Street, Nevada, IA 50201
MULTI_FAMILY - Ranch - Nevada, IA
- Added:
- Jun 30, 2026
- Days on Market:
- 10
- Last Refresh:
- Jul 9 at 5:06 am
Property Features for 1319 W 3rd 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
- 1106360250
- Size
- 2,208 SF
Taxes and HOA fees
- Tax Description
- WEST PARK ADD PARCEL E LOTS 53 54 55 SLIDE 401 PG 1
- Tax Annual Amount
- 3790
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2011
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Asphalt, Shingle
- 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 2011 with single‑level living and functional layout
- Each side offers 3 bedrooms and 1 full bath, plus spacious living areas
- Attached single‑stall garage on each side
- Utilities include public water and public sewer
- Heating options listed: electric, forced air, and natural gas; cooling: central air
- Asphalt shingle roof
Overview
The duplex is located at 1319 W 3rd Street in Nevada, Iowa, within Story County. The property is listed under zoning R, and it is being offered by purchase individually or as part of a package, giving buyers flexibility depending on whether they want one location or multiple.
From an occupancy standpoint, the layout provides a practical option for a live-in owner who prefers to rent the other side, while still maintaining separate unit planning. For investors, the two-unit structure offers a clear path to diversify within a residential income strategy, with the advantage of low-maintenance ownership as described in the seller’s information. Buyers interested in adding a ranch duplex to their portfolio or establishing a new rental set-up should find this configuration aligned with both immediate use and longer-term ownership goals.
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 | $25.4k | $11.52 |
| − Vacancy | −$1.3k | −$0.58 |
| EGI | $24.2k | $10.94 |
| − OpEx | −$7.2k | −$3.28 |
| NOI | $16.9k | $7.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Nevada
- County
- Story
- State
- Iowa
- Longitude
- -93.4562
- Latitude
- 42.024006
