1242 Mckinley Avenue Des Moines, IA 50315
MULTI_FAMILY - Ranch - Des Moines, IA
- Added:
- Apr 13, 2026
- Days on Market:
- 90
- Last Refresh:
- Jul 11 at 4:06 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 2, Bathroom 1, Bathroom 2, Bedroom 3, Basement, Bedroom 4, Bedroom 1
- 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
- Tile, Carpet
- Building materials
- VinylSiding
- Roof type
- Shingle, Asphalt
- 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.
Investment Insights
Based on property information with market context.
Located at 1242 Mckinley Avenue in Des Moines, IA 50315, the property is zoned N3A. Recent major improvements include a brand-new roof and other significant repairs completed.
The property also includes a one-car tuck-under garage and private parking. Its layout supports flexibility for buyers looking to operate the units separately or combine them into a single family residence.
Key Highlights
- Two distinct units with a total of 4 bedrooms, offering flexibility as single‑family with income potential or multi‑family setup
- Main unit includes 2 bedrooms on the main level plus basement space with a 3rd bedroom, storage, and laundry
- Upper unit has its own full kitchen, bedroom, bath, and a private deck
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 |
