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    Brick Ranch Duplex in Des Moines Title is generated by Realmo AI

    3106 Roblang Court, Des Moines, IA 50317

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    Claim this Listing
    Pending
    $270,000

    MULTI_FAMILY - Ranch - Des Moines, IA

    Type:Single Family Residence
    Property size:
    1,504 SF
    Lot size:
    0.17 Acres
    Added:
    Mar 13, 2026
    Days on Market:
    80
    Last Refresh:
    May 31 at 5:06 am

    Property Features for 3106 Roblang Court

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Zoning
    Res
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Basement, Bedroom 3
    Standard status
    Pending
    APN
    06007788015000
    Size
    1,504 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Description
    LT 16 ROBLANG HEIGHTS
    Tax Annual Amount
    4316

    Utilities

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

    Building Details

    Year built
    1960
    Floors in Building
    1
    Number of units
    2
    Building materials
    Brick
    Roof type
    Asphalt, Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Stephanie Thomas
    Stephanie Thomas

    Listing agent Stephanie Thomas

    Listing office RE/MAX Concepts 2940 Grand Prairie Pkwy Ste. 200, IA

    Listing date Mar 13, 2026

    MLS# 736322 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.

    HighLights

    • All brick ranch duplex featuring two units, each offering 2 bedrooms and 1 bath.
    • New roof (2015) and new electric (2019).
    • Maintenance‑free 100% brick exterior with metal fascia and soffit.
    • Hardwood floors and coved ceiling detail in the living room.
    • Fenced yard with patio and separate driveways.
    • Central Air Conditioning.

    Overview

    This is an all-brick ranch duplex featuring two 2-bedroom, 1-bath units. The property includes hardwood floors and coved ceiling detail in the living room. The exterior is maintenance-free, constructed with 100% brick, metal fascia, and soffit. A fenced yard with a patio is included. Some windows have been updated. Each unit has separate driveways. The roof was replaced in 2015, and the electric system was updated in 2019. The lot size is 0.172 acres, and the property size is 1504 square feet. Both sides are currently leased. The property is located in Des Moines, IA.

    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 $20.8k $13.80
    − Vacancy −$710 −$0.47
    EGI $20.0k $13.33
    − OpEx −$6.0k −$4.00
    NOI $14.0k $9.33
    1,504 SF · lease $13.80/SF/yr · vacancy 3.42% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $200.5K
    $175.4K – $233.9K (±1% cap)
    NOI $14,032 @ 7.0% cap · market cap 5.20%
    Second Best
    Apartment 5plus
    $179.1K
    $156.7K – $208.9K (±1% cap)
    NOI $12,535 @ 7.0% cap · market cap 4.64%
    Theoretical Best
    Office A
    $370.4K
    $324.1K – $432.1K (±1% cap)
    NOI $25,928 @ 7.0% cap · market cap 9.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile 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 Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.559505
    Latitude
    41.623451

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    FAQs

    What type of property is this?
    Duplex - All brick duplex with hardwood floors and fenced yard.
    Where is this duplex located?
    The property is located at 3106 Roblang Court Des Moines, IA.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: All brick ranch duplex featuring two units, each offering 2 bedrooms and 1 bath.; New roof (2015) and new electric (2019).; Maintenance‑free 100% brick exterior with metal fascia and soffit.
    (515) 771-7788
    We can help!
    Listing Contact
    Stephanie Thomas
    Stephanie Thomas
    Request Owner's contact information
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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
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