18920 Wendover Avenue, Granger, IA 50109
MULTI_FAMILY - Modern, Ranch - Granger, IA
- Added:
- Jul 6, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 8 at 6:06 pm
Property Features for 18920 Wendover Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 1
- Parking features
- Garage
- Patio and Porch features
- Patio
- Exterior features
- Patio
- Appliances
- Dryer, Dishwasher, Refrigerator, Stove, Washer
- Standard status
- Active
- APN
- 0802451016
- Size
- 2,028 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Description
- REPLAT OF GRANGER HOMESTEAD UNIT 6 LOT 2
- Tax Annual Amount
- 3937
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1999
- Floors in Building
- 1
- Flooring type
- Vinyl, Carpet, Tile
- Architectural style
- Modern, Ranch
Listing agent Danielle Jackson License #S67731000 (716) 260-4551
Listing office RE/MAX Precision 3602 NE Otter View Circle, Sui, Clive, IA (515) 223-9492
Listing date Jul 6, 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.
HighLights
- 1999 modern ranch property with central air and forced‑air natural gas heating
- Each unit includes 2 bedrooms, 1 full bathroom, living and dining areas, and a full kitchen
- 8x10 concrete patio on the back for each unit
- Attached garage for each unit
- Nearly 1‑acre lot with landscaping
- Appliances include refrigerator, stove, dishwasher, washer, and dryer
Overview
The property is located at 18920 Wendover Avenue in Granger, Iowa, in Dallas County. The area is described as convenient to Saylorville Lake, with Des Moines noted as approximately 15 minutes to the southeast based on public remarks.
For tenants, the layout provides functional, self-contained living space with kitchens, dining areas, and private outdoor patio space, along with attached garage parking for each unit. For buyers, the duplex configuration creates an opportunity to own a maintained, two-unit residential income property, with each unit set up similarly for day-to-day operational consistency.
Local Financial Insights For Multifamily LT 5
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 | $28.0k | $13.80 |
| − Vacancy | −$1.8k | −$0.90 |
| EGI | $26.2k | $12.90 |
| − OpEx | −$7.9k | −$3.87 |
| NOI | $18.3k | $9.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Granger
- County
- Dallas
- State
- Iowa
- Longitude
- -93.843158
- Latitude
- 41.762787
