Duplex with Separate-Entry Lower
For Sale
$319,900
1147 36th Street, Des Moines, IA 50311
A 1910 American Foursquare has five bedrooms and a lower level with its own entrance, kitchen, bath, and laundry.
Property Size2,048 SF
Price / SF$156.20
Days on Market187
Property Features for 1147 36th Street
General Information
Standard status
Active
Size
2,048 SF
Property subtype
Duplex
Site & Location
Neighborhood
Drake
Highway Access
Yes
Building Details
Year Built
1910
Construction
American Foursquare
Listing Agency:
Keller Williams Legacy Group
(319) 423-4139
Listed By:
Ryan Rohlf
(515) 442-0625
Source:
Prometrorealty
Added: Apr 30
Changed: Nov 1
Last Checked: Nov 1 at 1:39AM
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 Keller Williams Legacy Group
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.
This 1910 American Foursquare duplex has five bedrooms and 3.5 bathrooms. The main level includes a foyer, living room, dining area, eat-in kitchen, bedroom, half bath, and laundry. Three more bedrooms are upstairs, including a primary suite with an ensuite bath and walk-in closet. The finished attic provides additional usable space. A lower level with a private entrance includes living space, a full bath, galley kitchen, and laundry; it could be configured as a one-bedroom rental, though that use is only a possibility.
The property is in Des Moines’ Drake Neighborhood, near Drake University, shops, restaurants, services, and interstate access. Front and rear off-street parking serve the property, and the backyard is fenced.
The property is in Des Moines’ Drake Neighborhood, near Drake University, shops, restaurants, services, and interstate access. Front and rear off-street parking serve the property, and the backyard is fenced.
Key Highlights
- Five bedrooms and 3.5 bathrooms in a 1910 American Foursquare
- Lower level has a private entrance, living space, full bath, galley kitchen, and laundry
- Finished attic adds usable space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,107
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,140
$382.1K
Cap Rate 7%
$272,957
$273.0K
Cap Rate 9%
$212,300
$212.3K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$28.3K $13.80/SF
− Vacancy
−$967 −$0.47/SF
EGI
$27.3K $13.33/SF
− OpEx
−$8.2K −$4.00/SF
NOI
$19.1K $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%
$382,140
Cap Rate 7%
$272,957
Cap Rate 9%
$212,300
Alternative Uses
Best Use
Multifamily LT 5
$273.0K
$238.8K – $318.5K
NOI $19,107 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$243.9K
$213.4K – $284.5K
NOI $17,070 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$504.4K
$441.3K – $588.5K
NOI $35,307 @ 7.0% cap · market cap 11.04%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
Business Placement
Demographics for 50311, IA
14,782
Population
7,180
Households
2.1
Avg Household Size
30
Median Age
41%
College-Educated
94%
High-School Grad
2.6 sq mi
ZIP Area
5,685
Density / Sq Mi
$63,233
Median Household Income
$35,086
Median Earnings
$1,019
Median Rent
$228,000
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
Frequently Asked Questions
What type of property is this?
Duplex - A 1910 American Foursquare has five bedrooms and a lower level with its own entrance, kitchen, bath, and laundry.
Where is this duplex located?
The property is located at 1147 36th Street Des Moines, IA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Five bedrooms and 3.5 bathrooms in a 1910 American Foursquare; Lower level has a private entrance, living space, full bath, galley kitchen, and laundry; Finished attic adds usable space
