Duplex Property with
For Sale
$295,000
102 E Walnut Street, Roland, IA 50236
MultiFamily, Duplex, Roland, IA
Property Size2,400 SF
Price / SF$122.92
Days on Market101
Property Features for 102 E Walnut Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 6, Bedroom 2
Parking features
Garage
Elementary school district
Roland-Story
Middle school district
Roland-Story
High school district
Roland-Story
Directions
W Maple Street to S. Cottonwood Street. South on S. Cottonwood Street to the property.
Subdivision
Roland
Standard status
Active
APN
0214350115
Size
2,400 SF
Taxes and HOA fees
Tax Description
O T PARCEL D LOTS 4 & 5 BLK 4 SLIDE 440 PG 2
Tax Annual Amount
4104
Legal Description
O T PARCEL D LOTS 4 & 5 BLK 4 SLIDE 440 PG 2
Building Details
Year built
2013
Architectural style
Other
Listing Agency:
RE/MAX Precision · RE/MAX International
(515) 223-9492
Listed By:
Heather Schmidt
(515) 729-4735
Added: Jun 30
Changed: Sep 13
Last Checked: Oct 8 at 2:06AM
MLS# 744198
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 duplex property at 102 E Walnut Street in Roland, Iowa, includes 2400 square feet, garage parking, and a 2013 construction date. The room data identifies six bedrooms and two bathrooms, supporting a spacious residential configuration. The property carries R zoning.
The broader offering is described as an 18-unit, nine-building package involving properties in Nevada, Roland, and Baxter. The Roland asset is located in Story County and is identified by ZIP Code 50236.
The broader offering is described as an 18-unit, nine-building package involving properties in Nevada, Roland, and Baxter. The Roland asset is located in Story County and is identified by ZIP Code 50236.
Key Highlights
- 18‑unit, 9‑building package spanning Nevada, Roland, and Baxter
- 2400 square feet at 102 E Walnut Street
- Built in 2013
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,380
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,600
$367.6K
Cap Rate 7%
$262,571
$262.6K
Cap Rate 9%
$204,222
$204.2K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$27.6K $11.52/SF
− Vacancy
−$1.4K −$0.58/SF
EGI
$26.3K $10.94/SF
− OpEx
−$7.9K −$3.28/SF
NOI
$18.4K $7.66/SF
Area
Story County, IA
Vacancy
5.03%
Lease Rate
$11.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,600
Cap Rate 7%
$262,571
Cap Rate 9%
$204,222
Alternative Uses
Best Use
Multifamily LT 5
$262.6K
$229.8K – $306.3K
NOI $18,380 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$229.3K
$200.6K – $267.5K
NOI $16,051 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$560.9K
$490.8K – $654.3K
NOI $39,260 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Explore this area
Business Placement
Demographics for 50236, IA
1,634
Population
803
Households
2
Avg Household Size
38
Median Age
31%
College-Educated
98%
High-School Grad
34.0 sq mi
ZIP Area
48
Density / Sq Mi
$86,793
Median Household Income
$56,058
Median Earnings
$1,097
Median Rent
$185,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - 2013-built residential income property in Roland with R zoning and multiple bedrooms.
Where is this duplex located?
The property is located at 102 E Walnut Street Roland, IA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 18‑unit, 9‑building package spanning Nevada, Roland, and Baxter; 2400 square feet at 102 E Walnut Street; Built in 2013
