Modern Quadplex Townhome
For Sale
$1,176,000
9143-9125 Calvin Dr, West Des Moines, IA
Three newly constructed buildings offer open-plan townhomes with contemporary finishes and finished lower-level flexibility.
Property Size7,372 SF
Price / SF$159.52
Days on Market669
Property Features for 9143-9125 Calvin Dr
General Information
Standard status
Active
Size
7,372 SF
Property subtype
Residential Income
Units
Unit Mix
12 x 3BR/2.5BA
Multifamily Units
12
Additional Details
Asking Price
$3,480,000
Taxes and HOA fees
Annual Taxes
$5,176
Building Details
Year Built
2023
Buildings
3
Listing Agency:
Stanbrough Realty Company
Listed By:
Andrew McCune · License #S64937000
(515) 334-3345
Source:
Exprealty
Added: Dec 18, 2024
Changed: Oct 1
Last Checked: Oct 16 at 2:35PM
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 Stanbrough Realty Company
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.
Manchester Village is a townhome community comprising three 4-plex buildings at 9143-9125 Calvin Dr in West Des Moines, Iowa. Built during 2022-2023, the property contains 12 units, each arranged with three bedrooms and 2.5 bathrooms. Interior features include open layouts, large windows, white cabinetry, quartz countertops, stainless steel appliances, and LVP flooring on the main level.
Upper-level layouts include a primary suite with a double-sink vanity and walk-in closet, two additional bedrooms, a full bathroom, and a laundry room with a full-size washer and dryer. Finished lower levels provide additional flexible space that can serve as a family room or potential fourth bedroom. The three buildings may be acquired individually as 4-plexes or together as the full community.
Upper-level layouts include a primary suite with a double-sink vanity and walk-in closet, two additional bedrooms, a full bathroom, and a laundry room with a full-size washer and dryer. Finished lower levels provide additional flexible space that can serve as a family room or potential fourth bedroom. The three buildings may be acquired individually as 4-plexes or together as the full community.
Key Highlights
- Three 4‑plex buildings with 12 total townhome units
- Constructed during 2022‑2023
- Each unit includes 3 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,402
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,308,040
$1.3M
Cap Rate 7%
$934,314
$934.3K
Cap Rate 9%
$726,689
$726.7K
Market Conditions
NOI Build-Up for 7,372 SF
Gross rent
$99.1K $13.44/SF
− Vacancy
−$5.6K −$0.77/SF
EGI
$93.4K $12.67/SF
− OpEx
−$28.0K −$3.80/SF
NOI
$65.4K $8.87/SF
Area
Polk County, IA
Vacancy
5.70%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,308,040
Cap Rate 7%
$934,314
Cap Rate 9%
$726,689
Alternative Uses
Best Use
Multifamily LT 5
$934.3K
$817.5K – $1.09M
NOI $65,402 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$816.7K
$714.6K – $952.8K
NOI $57,170 @ 7.0% cap · market cap 4.86%
Theoretical Best
Flex RnD
$7.10M
$6.21M – $8.28M
NOI $496,755 @ 7.0% cap · market cap 42.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Three newly constructed buildings offer open-plan townhomes with contemporary finishes and finished lower-level flexibility.
Where is this quadplex located?
The property is located at 9143-9125 Calvin Dr West Des Moines, IA.
What is the asking price?
The asking price for this property is $1,176,000.
What are key features of this property?
This property features: Three 4‑plex buildings with 12 total townhome units; Constructed during 2022‑2023; Each unit includes 3 bedrooms and 2.5 bathrooms
