Residential Income
730 16th Street Des Moines, IA 50314
New
For Sale
$490,000
Pending
MULTI_FAMILY - Other - Des Moines, IA
Property Size4,158 SF
Lot Size0.34 Acres
Days on Market2
Property Features for 730 16th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-HD
- Bedrooms
- 9
- Bathrooms
- 5
- Rooms
- Bathroom 2, Bathroom 5, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 7, Bedroom 8, Bathroom 1, Bedroom 9, Bedroom 2, Bedroom 5, Bedroom 6
- Standard status
- Pending
- APN
- 03000305003000
- Size
- 4,158 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Description
- LTS 5 & 6 T E BROWNS ADD
- Tax Annual Amount
- 7134
Building Details
- Year built
- 1880
- Floors in Building
- 2
- Architectural style
- Other
Listing Agency:
Iowa Realty Mills Crossing
(515) 453-4300
Listed By:
SCOTT STEELMAN
(515) 556-2208
Added: Jul 23
Last Checked: Jul 24 at 9:06AM
MLS# 745884
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 other multifamily residential income property is offered for sale in Des Moines, Iowa. The property is situated on a 0.344-acre lot and includes 4,158 square feet of total building area.
The asset is identified as zoning R-HD. The listing is located at 730 16th Street, Des Moines, IA 50314 (Polk County).
The asset is identified as zoning R-HD. The listing is located at 730 16th Street, Des Moines, IA 50314 (Polk County).
Key Highlights
- Built in 1880
- 9 bedrooms (Bedroom 1 through Bedroom 9)
- 5 bathrooms (Bathroom 1 through Bathroom 5)
Financial Insights For Apartment 5plus
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 | $65.4k | $15.72 |
| − Vacancy | −$2.4k | −$0.57 |
| EGI | $63.0k | $15.15 |
| − OpEx | −$28.4k | −$6.82 |
| NOI | $34.7k | $8.33 |
4,158 SF · lease $15.72/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$495.1K
$433.2K – $577.6K
NOI $34,656 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$896.0K – $1.19M
NOI $71,683 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Other multifamily property for sale in Des Moines, Iowa, zoned R-HD and sized at 4,158 square feet.
Where is this multifamily property located?
The property is located at 730 16th Street Des Moines, IA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Built in 1880; 9 bedrooms (Bedroom 1 through Bedroom 9); 5 bathrooms (Bathroom 1 through Bathroom 5)
