Duplex with Detached
New
For Sale
$348,400
1590 And 1592 Nw 80th St, Clive, IA 50325
Each two-bedroom residence has basement laundry and its own garage stall.
Property Size1,622 SF
Price / SF$214.80
Days on Market6
Property Features for 1590 And 1592 Nw 80th St
General Information
Standard status
Active
Size
1,622 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Parking per Unit
1
Individually Metered Utilities
gas, electricity
Additional Details
Tenant in Place
Yes
Amenities
private laundry facilities
Building Details
Year Built
1970
Buildings
1
Listing Agency:
RE/MAX Concepts
Listed By:
Stephanie Thomas (515) 771-7788
(515) 771-7788
Source:
Centraliowahomesearch
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 26 at 4:30PM
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 RE/MAX Concepts
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Investment Insights
Based on property information with market context.
This Clive duplex contains two residences, each with two bedrooms and private laundry facilities in the basement. A detached two-car garage is divided to provide one stall for each unit, and the property also has a backyard. The roof was replaced in 2021.
Gas and electricity are separately metered, with tenants paying those utility costs. The owner pays for water, and tenants currently reimburse $75 per month toward that expense. The property is in the West Des Moines School District, with schools, shopping, dining, and Jordan Creek Town Center among the nearby destinations.
Gas and electricity are separately metered, with tenants paying those utility costs. The owner pays for water, and tenants currently reimburse $75 per month toward that expense. The property is in the West Des Moines School District, with schools, shopping, dining, and Jordan Creek Town Center among the nearby destinations.
Key Highlights
- Two residences, each with 2 bedrooms
- Detached 2‑car garage with one stall assigned to each residence
- Basement laundry facilities in both units
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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Property Analytics
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each two-bedroom residence has basement laundry and its own garage stall.
Where is this duplex located?
The property is located at 1590 And 1592 Nw 80th St 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: Two residences, each with 2 bedrooms; Detached 2‑car garage with one stall assigned to each residence; Basement laundry facilities in both units
