Ranch Duplex
For Sale
$295,000
106 E Walnut Street, Roland, IA 50236
MultiFamily, Roland, IA
Property Size2,400 SF
Price / SF$122.92
Days on Market100
Property Features for 106 E Walnut Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 1
Parking features
Garage
Elementary school district
Roland-Story
Middle school district
Roland-Story
High school district
Roland-Story
Directions
Exit 116 toward 190th Street, turn right 190th St - turn left onto 600th Ave- turn right onto E Walnut St
Subdivision
Roland
Standard status
Active
APN
0214350110
Size
2,400 SF
Taxes and HOA fees
Tax Description
O T PARCEL E LOTS 3 & 4 BLK 4 SLIDE 440 PG 2
Tax Annual Amount
4066
Legal Description
O T PARCEL E LOTS 3 & 4 BLK 4 SLIDE 440 PG 2
Building Details
Year built
2013
Floors in Building
1
Number of units
2
Architectural style
Ranch
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 7 at 10:06PM
MLS# 744191
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 residential offering comprises 18 units distributed across 9 buildings in Nevada, Roland, and Baxter, Iowa. The properties are identified as duplexes with ranch-style construction, garage parking, and a 2013 build year. Individual units vary, while the available information describes spacious living areas and multiple bedrooms and bathrooms within the portfolio.
The Roland property is located at 106 E Walnut Street in Story County, with a 50236 ZIP code. The package includes properties in three Iowa communities, providing a multi-building configuration rather than a single-site asset. R zoning is identified for the offering. Showings require 48 hours’ notice, and proof of funds is required.
The Roland property is located at 106 E Walnut Street in Story County, with a 50236 ZIP code. The package includes properties in three Iowa communities, providing a multi-building configuration rather than a single-site asset. R zoning is identified for the offering. Showings require 48 hours’ notice, and proof of funds is required.
Key Highlights
- 18 units distributed across 9 buildings
- Properties located in Nevada, Roland, and Baxter, Iowa
- 2013 build year
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Nine-building residential package with garage parking and R zoning.
Where is this duplex located?
The property is located at 106 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 units distributed across 9 buildings; Properties located in Nevada, Roland, and Baxter, Iowa; 2013 build year
