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    2501 Rocklyn Dr Urbandale, IA 50322

    Sponsored
    For Sale
    Pending
    $300,000

    MULTI_FAMILY - Other - Urbandale, IA

    Type:Duplex
    Property size:
    1,357 SF
    Lot size:
    0.25 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 27 at 10:06 pm

    Property Features for 2501 Rocklyn Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Pending
    Zoning
    R-3
    Rooms
    Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Basement
    Bedrooms
    3
    Bathrooms
    2
    APN
    312-02631004000
    Parking features
    Garage
    Appliances
    Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
    Size
    1,357 SF
    Lot size
    0.25 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1966
    Flooring type
    Carpet
    Roof type
    Shingle, Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Abbey Robertson
    Abbey Robertson

    Century 21 Signature Real Estate (515) 224-4002

    Listing agent Abbey Robertson (515) 224-4002

    Listing date Feb 26, 2026

    MLS# 734873 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Urbandale Duplex: Investor Opportunity

    This duplex presents an opportunity for investors or owner-occupants seeking rental income. The property comprises two separate units, each equipped with its own garage space, private laundry facilities, and separately metered utilities paid by the tenants. Both units benefit from newer air conditioning and furnaces, with replacements scheduled for one unit in 2025 and the other in 2026. A new roof was installed in 2024. The upper unit features fresh paint, new carpeting, and a remodeled kitchen completed in 2017. It includes a large living room, a dining area with built-ins, and a deck. The unit offers two bedrooms, with the primary bedroom being oversized and containing two closets. The bathroom provides dual entry from both the primary bedroom and the hallway. The lower unit includes one bedroom plus a non-conforming second bedroom with a window, a kitchen of reasonable size, living and dining areas, and a private entrance accessible from the garage. The property, situated on a 0.249-acre lot, offers strong investment potential in a favorable location. The property size is 1357 square feet. Financial details are available upon request. The property is zoned R-3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Urbandale
    County
    Polk
    State
    Iowa
    Longitude
    -93.710996
    Latitude
    41.617149

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    FAQs

    What type of property is this?
    Duplex - Duplex with separate units, garages, and utilities in Urbandale.
    Where is this duplex located?
    The property is located at 2501 Rocklyn Dr Urbandale, IA.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - Duplex offers income potential: Live in one unit and rent the other.; - Each unit has a private garage space, laundry, and separately metered utilities.; - New roof installed in 2024.
    (515) 333-3492
    Request Owner's contact information
    2501 Rocklyn Dr Urbandale, IA 50322
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    Urbandale, IA 50322
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2501 Rocklyn Dr Urbandale, IA 50322
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    We can help!
    Listing Contact
    Abbey Robertson
    Abbey Robertson
    (515) 333-3492 (515) 224-4002
    Learn more
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