Duplex With Attached
For Sale
$320,000
18900 Wendover Avenue, Granger, IA 50109
Residential, Duplex, Residential, Granger, IA
Property Size2,000 SF
Price / SF$160
Days on Market94
Property Features for 18900 Wendover Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2
Parking features
Garage
Patio and Porch features
Deck
Exterior features
Deck
Appliances
Dryer, Dishwasher, Refrigerator, Stove, Washer
Lot features
Rectangular Lot
Elementary school district
Woodward-Granger
Middle school district
Woodward-Granger
High school district
Woodward-Granger
Directions
North on 141 thru Granger, go south on Wendover 1/4 mile. Properties are on the left.
Subdivision
Granger
Standard status
Active
APN
0802451015
Size
2,000 SF
Taxes and HOA fees
Tax Description
REPLAT OF GRANGER HOMESTEAD UNIT 6 LOT 1
Tax Annual Amount
3848
Legal Description
REPLAT OF GRANGER HOMESTEAD UNIT 6 LOT 1
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
patio
attached garage
Building Details
Year built
1998
Floors in Building
1
Flooring type
Carpet, Tile
Roof type
Asphalt, Shingle
Architectural style
Ranch, Modern
Listing Agency:
RE/MAX Precision · RE/MAX International
(515) 223-9492
Listed By:
Julie Blaker · License #S68775000
(515) 480-4547
Added: Jul 6
Changed: Sep 25
Last Checked: Oct 7 at 12:06PM
MLS# 744519
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.
Investment Insights
Based on property information with market context.
This 2,000-square-foot duplex, built in 1998, offers two residential units with matching layouts. Each unit includes two bedrooms, one full bathroom, living and dining areas, and a full kitchen equipped with a stove, refrigerator, dishwasher, washer, and dryer. Tile and carpet flooring, forced-air natural gas heat, and central air support year-round use. Each residence also has an attached garage and an 8-by-10-foot concrete patio.
The property sits on nearly an acre at 18900 Wendover Avenue in Granger, Iowa, with landscaped grounds and R zoning. Saylorville Lake is nearby, while Des Moines is approximately 15 minutes southeast. The ranch-style design, separate garages, and private outdoor areas provide a straightforward duplex configuration for residential occupancy.
The property sits on nearly an acre at 18900 Wendover Avenue in Granger, Iowa, with landscaped grounds and R zoning. Saylorville Lake is nearby, while Des Moines is approximately 15 minutes southeast. The ranch-style design, separate garages, and private outdoor areas provide a straightforward duplex configuration for residential occupancy.
Key Highlights
- Two‑unit duplex totaling 2,000 square feet
- Each unit includes 2 bedrooms and 1 full bathroom
- Attached garage provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,064
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,280
$361.3K
Cap Rate 7%
$258,057
$258.1K
Cap Rate 9%
$200,711
$200.7K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$27.6K $13.80/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$25.8K $12.90/SF
− OpEx
−$7.7K −$3.87/SF
NOI
$18.1K $9.03/SF
Area
Dallas County, IA
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,280
Cap Rate 7%
$258,057
Cap Rate 9%
$200,711
Alternative Uses
Best Use
Multifamily LT 5
$258.1K
$225.8K – $301.1K
NOI $18,064 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$239.8K
$209.8K – $279.8K
NOI $16,786 @ 7.0% cap · market cap 5.25%
Theoretical Best
Flex RnD
$1.93M
$1.68M – $2.25M
NOI $134,768 @ 7.0% cap · market cap 42.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 50109, IA
3,348
Population
1,450
Households
2.3
Avg Household Size
37
Median Age
49%
College-Educated
98%
High-School Grad
19.4 sq mi
ZIP Area
173
Density / Sq Mi
$130,263
Median Household Income
$62,188
Median Earnings
$923
Median Rent
$337,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residences include full kitchens, private patios, and central air in a ranch-style layout.
Where is this duplex located?
The property is located at 18900 Wendover Avenue Granger, IA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,000 square feet; Each unit includes 2 bedrooms and 1 full bathroom; Attached garage provided for each unit
