Ranch Duplex with Two-Stall
New
For Sale
$348,400
1590 and 1592 NW 80th Street, Clive, IA 50325
MultiFamily, Clive, IA
Property Size1,622 SF
Lot Size0.32 Acres
Price / SF$214.80
Days on Market3
Property Features for 1590 and 1592 NW 80th Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Basement, Bathroom 1, Bathroom 2, Bedroom 2
Parking features
Garage
Elementary school district
West Des Moines
Middle school district
West Des Moines
High school district
West Des Moines
Directions
UNIVERSITY BLVD TO NW 80TH GO NORTH TO DUPLEX ON WEST SIDE OF STREET
Subdivision
Clive
Standard status
Active
APN
29100097002000
Size
1,622 SF
Lot size
0.32 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Tax Year
2026
Tax Description
N 70F E 1/2 LT 28 & S 5F E 1/2 LT 29 FISCHER ACRES
Tax Annual Amount
3735
Legal Description
N 70F E 1/2 LT 28 & S 5F E 1/2 LT 29 FISCHER ACRES
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
laundry in basement
Building Details
Year built
1970
Floors in Building
1
Number of units
2
Architectural style
Ranch
Buildings
1
Listing Agency:
RE/MAX Concepts · RE/MAX International
(877) 407-2676
Listed By:
Stephanie Thomas
(515) 771-7788
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 24 at 6:06AM
MLS# 751788
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.
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Investment Insights
Based on property information with market context.
This 1970 ranch-style duplex contains 1,622 square feet across two units. Each residence has basement laundry, and the property includes a two-stall garage partitioned to provide one stall per unit. Forced-air natural gas heating and central air serve the building.
The 0.323-acre site is in Clive, Iowa, and is zoned R2. Tenants handle lawn care and snow removal. Gas and electric are separately metered, while the owner pays the water bill and tenants currently reimburse $75 per unit.
The 0.323-acre site is in Clive, Iowa, and is zoned R2. Tenants handle lawn care and snow removal. Gas and electric are separately metered, while the owner pays the water bill and tenants currently reimburse $75 per unit.
Key Highlights
- 1,622‑square‑foot duplex on a 0.323‑acre lot
- Two‑stall garage divided to provide one stall per unit
- Basement laundry in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,390
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,800
$287.8K
Cap Rate 7%
$205,571
$205.6K
Cap Rate 9%
$159,889
$159.9K
Market Conditions
NOI Build-Up for 1,622 SF
Gross rent
$21.8K $13.44/SF
− Vacancy
−$1.2K −$0.77/SF
EGI
$20.6K $12.67/SF
− OpEx
−$6.2K −$3.80/SF
NOI
$14.4K $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%
$287,800
Cap Rate 7%
$205,571
Cap Rate 9%
$159,889
Alternative Uses
Best Use
Multifamily LT 5
$205.6K
$179.9K – $239.8K
NOI $14,390 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$179.7K
$157.2K – $209.7K
NOI $12,579 @ 7.0% cap · market cap 3.61%
Theoretical Best
Flex RnD
$1.56M
$1.37M – $1.82M
NOI $109,297 @ 7.0% cap · market cap 31.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,013
Businesses Nearby
Explore this area
Business Placement
Demographics for 50325, IA
18,619
Population
7,455
Households
2.5
Avg Household Size
39
Median Age
60%
College-Educated
95%
High-School Grad
7.7 sq mi
ZIP Area
2,418
Density / Sq Mi
$131,082
Median Household Income
$63,495
Median Earnings
$1,099
Median Rent
$379,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences have basement laundry, individual gas and electric service, and a shared garage divided between the units.
Where is this duplex located?
The property is located at 1590 and 1592 NW 80th Street Clive, IA.
What is the asking price?
The asking price for this property is $348,400.
What are key features of this property?
This property features: 1,622‑square‑foot duplex on a 0.323‑acre lot; Two‑stall garage divided to provide one stall per unit; Basement laundry in each residence
