207 8Th Avenue S Clear Lake, IA 50428
MULTI_FAMILY - Clear Lake, IA
Property Features for 207 8Th Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active Under Contract
- APN
- 051347700100
- Size
- 1,292 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- L 1 S KNOLL ADD TO CLEAR LAKE
- Tax Annual Amount
- 2942
Utilities
- Heating system
- Baseboard
- Water source
- Public
Building Details
- Year built
- 1977
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Vinyl Siding
Listing agent Danielle Goeman (641) 430-7440
Listing office Lake-Iowa Realty 1112 Hwy 18E, Clear Lake, IA (641) 357-6123
Listing date May 23, 2026
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.
Key Highlights
- Income‑producing duplex with two separate units.
- Each unit has two bedrooms and one bathroom.
- Walking distance to public lake access and close to downtown Clear Lake.
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 | $16.6k | $12.84 |
| − Vacancy | −$834 | −$0.65 |
| EGI | $15.8k | $12.19 |
| − OpEx | −$4.7k | −$3.66 |
| NOI | $11.0k | $8.54 |
