Duplex with Attached
100 E Park Ave, Des Moines, IA 50315
For Sale
New
$325,000
Both residences have fireplaces and basement access from the rear of the property.
Property Size2,688 SF
Price / SF$120.91
Days on Market3
Property Features for 100 E Park Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
fireplace
attached garage
shared front deck
rear deck
outbuilding
Building Details
Year Built
Buildings
Listing Agency:
Lpt Realty, LLC
(515) 985-8187
Listed By:
The Kew Real Estate Team
(515) 230-0488
Source:
Realtorchriskew
Added: Nov 4
Last Checked: Nov 6 at 8:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lpt Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 100 E Park Ave in Des Moines, this 2,688-square-foot duplex was built in 1977. The larger residence has three bedrooms, two bathrooms, and a bonus room that could be restored as a fourth bedroom. The second unit contains two bedrooms and one bathroom. Each residence has a fireplace and an attached garage, with basement entry at the rear. Recent work includes an updated kitchen, fresh paint in select areas, and new carpet in two rooms; the windows are in good condition.
Outdoor features include a shared front deck, a large rear deck, and a backyard. The property also has an oversized parking pad and a separate outbuilding for storage or smaller vehicles.
Outdoor features include a shared front deck, a large rear deck, and a backyard. The property also has an oversized parking pad and a separate outbuilding for storage or smaller vehicles.
Key Highlights
- 2,688‑square‑foot duplex built in 1977
- One unit has 3 bedrooms, 2 bathrooms, and a bonus room that can serve as a fourth bedroom
- Second unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,078
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,560
$501.6K
Cap Rate 7%
$358,257
$358.3K
Cap Rate 9%
$278,644
$278.6K
Market Conditions
NOI Build-Up for 2,688 SF
Gross rent
$37.1K $13.80/SF
− Vacancy
−$1.3K −$0.47/SF
EGI
$35.8K $13.33/SF
− OpEx
−$10.7K −$4.00/SF
NOI
$25.1K $9.33/SF
Area
Des Moines, IA
Vacancy
3.42%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,560
Cap Rate 7%
$358,257
Cap Rate 9%
$278,644
Alternative Uses
Best Use
Multifamily LT 5
$358.3K
$313.5K – $418.0K
NOI $25,078 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$320.1K
$280.1K – $373.4K
NOI $22,404 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$662.0K
$579.3K – $772.3K
NOI $46,340 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Explore this area
Business Placement
Demographics for 50315, IA
36,693
Population
16,579
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
87%
High-School Grad
10.3 sq mi
ZIP Area
3,562
Density / Sq Mi
$62,036
Median Household Income
$41,311
Median Earnings
$977
Median Rent
$164,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Des Moines, IA
Properties on Market for Duplexes in Des Moines
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have fireplaces and basement access from the rear of the property.
Where is this duplex located?
The property is located at 100 E Park Ave Des Moines, IA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,688‑square‑foot duplex built in 1977; One unit has 3 bedrooms, 2 bathrooms, and a bonus room that can serve as a fourth bedroom; Second unit includes 2 bedrooms and 1 bathroom
