Spacious Townhome in Waukee
1038 Maple Street, Waukee, IA 50263
Four-bedroom townhome with modern amenities in a convenient Waukee location.
Type:Condominium
Property size:
1,658 SFPrice / SF:
$153/SF- Added:
- May 29, 2025
- Days on Market:
- 363
- Last Refresh:
- May 19 at 10:26 pm
Property Features for 1038 Maple Street
General Information
- Standard status
- Active
- Size
- 1,658 SF
- Property subtype
- Condominium
Building Details
- Year Built
- 2025
Listing agent (515) 605-7444 License #1999055707 (515) 605-7444
Listing office DRH Realty of Iowa (515) 605-7444
Listing date May 29, 2025
Source Kw
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 DRH Realty of Iowa
HighLights
- New construction townhome in Waukee's desirable Spring Crest Community, close to schools, shops, and restaurants.
- Includes all appliances and window blinds.
- Features 4 bedrooms, 2.5 bathrooms, and a 2‑car garage.
- Gourmet kitchen with oversized pantry and large island.
- Primary bedroom with ensuite bathroom (dual vanity sink) and walk‑in closet.
- Smart Home Technology and DEAKO light switches included.
Overview
The Pattison townhome is located in the Spring Crest Community in Waukee. This two-story townhome features 4 bedrooms, 2.5 bathrooms, and a 2-car garage. The home has an open floorplan with a great room that includes a fireplace. The gourmet kitchen features an oversized pantry and a large island. On the second level, the primary bedroom includes an ensuite bathroom with a dual vanity sink and a walk-in closet. There are three additional large bedrooms, a full bathroom, and a laundry room on the second level. All appliances and window blinds are included. The property is located minutes away from Waukee schools, shops, and restaurants. This home includes America’s Smart Home™ Technology and DEAKO® light switches. The property has 1658 square feet. This home is currently under construction.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$154.6K
NOI $13,916 @ 9.00% cap · cautious / downside scenario
Moderate
$198.8K
NOI $13,916 @ 7.00% cap · market / base-case scenario
Aggressive
$278.3K
NOI $13,916 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.9k | $16.20 |
| − Vacancy | −$1.6k | −$0.94 |
| EGI | $25.3k | $15.26 |
| − OpEx | −$11.4k | −$6.87 |
| NOI | $13.9k | $8.39 |
1,658 SF · lease $16.20/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$198.8K
$174.0K – $231.9K
NOI $13,916 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.60M
$1.40M – $1.86M
NOI $111,723 @ 7.0% cap · market cap 43.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Waukee
- County
- Dallas
- State
- Iowa
- Longitude
- -93.8912592
- Latitude
- 41.6122039
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Four-bedroom townhome with modern amenities in a convenient Waukee location.
Where is this apartment building located?
The property is located at 1038 Maple Street Waukee, IA.
What is the asking price?
The asking price for this property is $254,990.
What are key features of this property?
This property features: New construction townhome in Waukee's desirable Spring Crest Community, close to schools, shops, and restaurants.; Includes all appliances and window blinds.; Features 4 bedrooms, 2.5 bathrooms, and a 2‑car garage.
