1829 47th Street Des Moines, IA 50310
MULTI_FAMILY - Ranch - Des Moines, IA
Property Features for 1829 47th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- N3B
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Dining Room, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 5, Basement, Bathroom 1, Bedroom 1
- Parking features
- Garage
- Interior features
- DiningArea
- Appliances
- Cooktop, Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
- Standard status
- Active
- APN
- 10011717000000
- Size
- 2,136 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- LOT 18 TURNER PLACE PLAT NO 2
- Tax Annual Amount
- 4901
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1924
- Floors in Building
- 1
- Building materials
- Brick
- Roof type
- Asphalt, Shingle
- Architectural style
- Ranch
Listing agent Kyle Clarkson (515) 554-2249
Listing office LPT Realty, LLC 2425 N Ankeny Blvd Ste. 101, Clive, IA (515) 669-4010
Listing date May 29, 2026
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.
Located at 1829 47th Street in Des Moines, Iowa 50310, the home is zoned N3B. The size and layout are intended to support more than one way to live or use the space, including configurations that could accommodate multigenerational living or an extended-family setup.
For an owner-occupant or investor seeking adaptability, the presence of multiple living areas and separate entrances may simplify tenant or household separation while keeping the overall property under one roof. The finished basement adds another layer of usable space, which can be valuable for offices, overflow living, or other functional needs. Buyers should plan for required renovations, as the seller is offering the home in its current condition.
Key Highlights
- 1924 brick ranch home with multiple living areas and basement finished space
- Originally designed as a single‑family home with separate entrances and flexible layout
- Public water and public sewer service available
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 | $33.6k | $15.72 |
| − Vacancy | −$1.2k | −$0.57 |
| EGI | $32.4k | $15.15 |
| − OpEx | −$14.6k | −$6.82 |
| NOI | $17.8k | $8.33 |
