1327 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 1327 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
- Standard status
- Active
- APN
- 1106360240
- Size
- 2,208 SF
Taxes and HOA fees
- Tax Description
- WEST PARK ADD PARCEL C LOTS 53 54 55 SLIDE 401 PG 1
- Tax Annual Amount
- 3892
Building Details
- Year built
- 2011
- Floors in Building
- 1
- 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
- 2011 ranch‑style duplex with single‑level living and a functional layout
- Each side features 3 bedrooms and 1 full bathroom
- Includes an attached single‑stall garage for each side
- Total layout includes 6 bedrooms and 2 bathrooms across the duplex
- Available for purchase individually or as a package with other properties
Overview
The property is located at 1327 W 3rd Street in Nevada, Iowa, in Story County. Public remarks describe it as part of a broader availability that can be purchased individually or as a package, giving buyers flexibility based on whether they want one property or multiple locations in the area.
For tenants, buyers, or operators, the duplex configuration allows for a practical live-in-and-rent approach, with each unit maintaining a self-contained three-bedroom, one-bath setup. For investors, the ability to purchase the property individually or alongside additional similar listings may support portfolio planning and add-on strategy. The property is presented by the listing source for immediate use and long-term ownership considerations.
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
- -93.456199
- Latitude
- 42.024065
