Duplex with Unit
New
For Sale
$365,000
1317 Randall Place, Des Moines, IA 50311
MultiFamily, Duplex, Des Moines, IA
Property Size2,274 SF
Lot Size0.22 Acres
Price / SF$160.51
Days on Market6
Property Features for 1317 Randall Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
N3A
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 2, Basement, Bedroom 4
Parking features
Garage
Interior features
WindowTreatments
Appliances
Dishwasher, Refrigerator, Stove
Lot features
Pie Shaped Lot
Elementary school district
Des Moines Independent
Middle school district
Des Moines Independent
High school district
Des Moines Independent
Directions
From Forest Avenue, head south on Randall Place. The duplex is located at the end of the cul-de-sac. Randall Place is one block west of the intersection of Beaver Avenue and Forest Avenue.
Subdivision
Des Moines N.West
Standard status
Active
APN
10003149002000
Size
2,274 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
LOT 2 CONDIT WOODS
Tax Annual Amount
6788
Legal Description
LOT 2 CONDIT WOODS
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
fireplace
Building Details
Year built
1966
Floors in Building
2
Flooring type
Laminate, Vinyl, Carpet
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
Iowa Realty South
(515) 453-6300
Listed By:
Marcus Sereg
(515) 453-5897
Added: Oct 9
Last Checked: Oct 14 at 12:06AM
MLS# 750935
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 2,274-square-foot duplex contains two two-bedroom units, each with a fireplace and finished lower-level living space with a three-quarter bath. Both residences also have a full second-floor bathroom; one includes an additional half bath on the main level. Interior improvements include kitchen updates, new appliances, fresh paint, and new flooring. The exterior was painted and the roof replaced in spring 2026.
The property occupies a 0.221-acre lot at 1317 Randall Place in Des Moines and is zoned N3A. Public water and sewer serve the property, and a garage provides on-site parking.
The property occupies a 0.221-acre lot at 1317 Randall Place in Des Moines and is zoned N3A. Public water and sewer serve the property, and a garage provides on-site parking.
Key Highlights
- Two units, each with two bedrooms and a fireplace
- 2,274 square feet on a 0.221‑acre lot
- Finished lower‑level living area and three‑quarter bath in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,216
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,320
$424.3K
Cap Rate 7%
$303,086
$303.1K
Cap Rate 9%
$235,733
$235.7K
Market Conditions
NOI Build-Up for 2,274 SF
Gross rent
$31.4K $13.80/SF
− Vacancy
−$1.1K −$0.47/SF
EGI
$30.3K $13.33/SF
− OpEx
−$9.1K −$4.00/SF
NOI
$21.2K $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%
$424,320
Cap Rate 7%
$303,086
Cap Rate 9%
$235,733
Alternative Uses
Best Use
Multifamily LT 5
$303.1K
$265.2K – $353.6K
NOI $21,216 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$270.8K
$236.9K – $315.9K
NOI $18,953 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$560.0K
$490.0K – $653.4K
NOI $39,203 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
538
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
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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 - Two separate residences provide matching two-bedroom layouts, finished lower levels, and updated interiors.
Where is this duplex located?
The property is located at 1317 Randall Place Des Moines, IA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two units, each with two bedrooms and a fireplace; 2,274 square feet on a 0.221‑acre lot; Finished lower‑level living area and three‑quarter bath in each unit
