1521 S G Avenue, Nevada, IA 50201
MULTI_FAMILY - Nevada, IA
- Added:
- Nov 19, 2025
- Days on Market:
- 232
- Last Refresh:
- Jul 9 at 7:06 am
Property Features for 1521 S G Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MR R3
- Bedrooms
- 1
- Bathrooms
- 33
- Rooms
- Bathroom 30, Bathroom 16, Bathroom 13, Bathroom 22, Bathroom 25, Bathroom 7, Bathroom 20, Bathroom 10, Bathroom 28, Bathroom 19, Bathroom 6, Bathroom 3, Bathroom 4, Bathroom 21, Bathroom 32, Bathroom 9, Bedroom 1, Bathroom 12, Bathroom 24, Bathroom 23, Bathroom 29, Bathroom 1, Bathroom 2, Bathroom 26, Bathroom 8, Bathroom 33, Bathroom 11, Bathroom 31, Bathroom 17, Bathroom 14, Bathroom 5, Bathroom 18, Bathroom 15, Bathroom 27
- Standard status
- Active
- APN
- 11-17-116-125
- Size
- 16,594 SF
- Lot size
- 2.05 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- SOUTH G AVENUE BUSINESS PARK 1ST ADD LOT 1 EX PARCEL C SLIDE 348 PG 1
- Tax Annual Amount
- 19466
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1997
- Number of units
- 33
- Building materials
- VinylSiding
- Roof type
- Asphalt, Shingle
Listing agent Guns, Matthew (515) 554-4543
Listing office WB Realty Company 7001 Westown Parkway, Suite 265, Cumming, IA (515) 966-5478
Listing date Nov 19, 2025
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
- 33‑unit apartment complex in Nevada, IA, built in 1997
- Studio apartments, each with its own newly renovated kitchen
- On‑site laundry room with coin‑operated machines
- Includes a spacious 2‑bedroom manager’s apartment
- Recently renovated; utility monitoring system installed
- Public water and public sewer; natural gas heating; asphalt shingle roof; vinyl siding
Overview
Local Financial Insights For Apartment 5plus
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 | $213.1k | $12.84 |
| − Vacancy | −$11.3k | −$0.68 |
| EGI | $201.8k | $12.16 |
| − OpEx | −$90.8k | −$5.47 |
| NOI | $111.0k | $6.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Nevada
- County
- Story
- State
- Iowa
- Longitude
- -93.439331
- Latitude
- 42.006161
