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Duplex on Fenced Lot

1311 E 14Th Street, Des Moines, IA 50316

For Sale
Contact for pricing
Under Contract

Residential, Des Moines, IA

Property Size1,405 SF
Lot Size0.18 Acres
Price / SF$10.39
Days on Market8

Property Features for 1311 E 14Th Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 3
Bathrooms 2
Full bathrooms 1
Half bathrooms 1
Rooms Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2
Parking features Carport
Basement Partial
Subdivision ASHBROOK
Directions see map
Standard status Active Under Contract
APN 110/00370-000-000
Size 1,405 SF
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 261 ASHBROOK
Tax Annual Amount 1914
Legal Description LOT 261 ASHBROOK

Utilities

Heating system Forced Air
Cooling system Window Unit(s)
Water source Public

Building Details

Year built 1892
Building materials Metal Siding
Listing Agency: McCord Insurance & Real Estate
Listed By: Dave Wiges · License #9554103-RE-B
Added: Oct 30 Changed: Nov 6 Last Checked: Nov 6 at 6:06PM
MLS# 6344158

Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 1,405-square-foot duplex dates to 1892 and sits on a 0.18-acre fenced parcel. The property has metal siding, forced-air heat, window-unit cooling, and a carport. Interior clearing and repair work, as well as updates, are needed.

Public water serves the property. The recorded room mix includes three bedrooms and two bathrooms.

Key Highlights

  • 1,405 square feet on a 0.18‑acre parcel
  • Fenced lot
  • Three bedrooms and two bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$11,710
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,200 $234.2K
Cap Rate 7%
$167,286 $167.3K
Cap Rate 9%
$130,111 $130.1K
Market Conditions
NOI Build-Up for 1,405 SF
Gross rent
$22.1K $15.72/SF
− Vacancy
−$795 −$0.57/SF
EGI
$21.3K $15.15/SF
− OpEx
−$9.6K −$6.82/SF
NOI
$11.7K $8.33/SF
Area
Des Moines, IA
Vacancy
3.60%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,200
Cap Rate 7%
$167,286
Cap Rate 9%
$130,111

Alternative Uses

Best Use
Multifamily LT 5
$187.3K
$163.9K – $218.5K (±1% cap)
NOI $13,108 @ 7.0% cap · market cap 89.78%
Second Best
Apartment 5plus
$167.3K
$146.4K – $195.2K (±1% cap)
NOI $11,710 @ 7.0% cap · market cap 80.21%
Theoretical Best
Office A
$346.0K
$302.8K – $403.7K (±1% cap)
NOI $24,222 @ 7.0% cap · market cap 165.90%
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

Location Intelligence

Trade Area within ½ mile

791
Businesses Nearby

Demographics for 50316, IA

16,785
Population
6,002
Households
2.8
Avg Household Size
33
Median Age
13%
College-Educated
78%
High-School Grad
3.6 sq mi
ZIP Area
4,663
Density / Sq Mi
$53,090
Median Household Income
$33,994
Median Earnings
$963
Median Rent
$137,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Duplexes in Des Moines, IA

$149 Jul
$148 Aug
$164 Sep
$180 Oct

Properties on Market for Duplexes in Des Moines

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Interior clearing, repairs, and updates are needed.
Where is this duplex located?
The property is located at 1311 E 14Th Street Des Moines, IA.
What are key features of this property?
This property features: 1,405 square feet on a 0.18‑acre parcel; Fenced lot; Three bedrooms and two bathrooms
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