1022 Mckinley Avenue, Des Moines, IA 50315
MULTI_FAMILY - Other - Des Moines, IA
- Added:
- Apr 8, 2026
- Days on Market:
- 78
- Last Refresh:
- Jun 24 at 6:06 pm
Property Features for 1022 Mckinley Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- N5
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 6, Bedroom 3, Bathroom 1, Basement, Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 4
- Appliances
- Dishwasher, Microwave, Refrigerator, Stove
- Standard status
- Active
- APN
- 12003528000000
- Size
- 1,944 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Description
- LTS 12-13 & 14 BLK 2 PINEHURST
- Tax Annual Amount
- 4011
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1971
- Floors in Building
- 2
- Flooring type
- Carpet, Vinyl
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Dustin Kupka License #S65754000 (515) 681-7001
Listing office RE/MAX Precision 210 SE Main St, Clive, IA (515) 223-9492
Listing date Apr 8, 2026
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
- 3‑bedroom, 1‑bath walkout duplex built in 1971 with a basement
- Both units are currently rented at $1,200/month
- Recent updates: new roof in 2020 and water heaters replaced in 2023 and 2012
- Utilities details: tenants pay water, sewer, storm water, gas, and electric, plus snow removal and lawn care
- Central air and forced‑air natural gas heating; appliances include dishwasher, microwave, refrigerator, and stove
- Public services: public water and public sewer; asphalt shingle roof; carpet and vinyl flooring
Overview
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 | $26.8k | $13.80 |
| − Vacancy | −$917 | −$0.47 |
| EGI | $25.9k | $13.33 |
| − OpEx | −$7.8k | −$4.00 |
| NOI | $18.1k | $9.33 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.62932
- Latitude
- 41.540708
