1242 Mckinley Avenue, Des Moines, IA 50315
MULTI_FAMILY - Ranch - Des Moines, IA
- Added:
- Apr 13, 2026
- Days on Market:
- 72
- Last Refresh:
- Jun 23 at 6:06 pm
Property Features for 1242 Mckinley Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- N3A
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Basement, Bathroom 2, Bedroom 2
- Parking features
- Garage
- Interior features
- WindowTreatments
- Appliances
- Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
- Standard status
- Active
- APN
- 12003493000000
- Size
- 1,513 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Description
- LOTS 1 & 2 BLK 1 PINEHURST
- Tax Annual Amount
- 3186
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1926
- Floors in Building
- 1
- Flooring type
- Carpet, Tile
- Building materials
- VinylSiding
- Roof type
- Asphalt, Shingle
- Architectural style
- Ranch
Listing agent Valerie Kenworthy (515) 988-7469
Listing office LPT Realty, LLC 2425 N Ankeny Blvd Ste. 101, Clive, IA (515) 669-4010
Listing date Apr 13, 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
- 2‑unit multifamily home with 4 total bedrooms
- Main unit features 2 bedrooms on the main level plus additional 3rd bedroom in the basement, with storage and laundry
- Upper unit includes a full kitchen, bedroom, bath, and private deck
- Versatile layout: units can be combined into a single‑family home or separated for rental use
- Utilities and services include public water and public sewer
- Garage parking with central air, forced‑air natural gas heating, and shingle/asphalt roof
Overview
The property sits on a lot of about 0.198 acres and is zoned N3A. It includes a one-car tuck-under garage and private parking for residents.
The layout is well suited for tenants or owner-occupants who want flexibility between separate living arrangements and shared use. For a single-family setup, the structure allows the two units to be combined into one home, while maintaining the option to operate each unit independently. With two complete kitchens and independent space for sleeping and living, the configuration can support traditional rental use or multi-generational occupancy, depending on how the units are accessed and managed.
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 | $20.9k | $13.80 |
| − Vacancy | −$714 | −$0.47 |
| EGI | $20.2k | $13.33 |
| − OpEx | −$6.0k | −$4.00 |
| NOI | $14.1k | $9.33 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.632806
- Latitude
- 41.540721
