Newly Remodeled Duplex with
For Sale
$325,000
Pending
1910 63rd Street, Windsor Heights, IA 50324
MULTI_FAMILY - Other - Windsor Heights, IA
Property Size1,622 SF
Lot Size0.19 Acres
Days on Market49
Property Features for 1910 63rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Basement, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 1
Parking features
Garage
Patio and Porch features
Patio
Interior features
EatInKitchen
Exterior features
Patio
Appliances
Dishwasher, Microwave, Refrigerator, Stove
Elementary school district
Des Moines Independent
Middle school district
Des Moines Independent
High school district
Des Moines Independent
Directions
From Hickman, go south on 63rd. House will be on right side of street.
Subdivision
Des Moines West
Standard status
Pending
APN
29200540037000
Size
1,622 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
LOT 37 DAVISSON HEIGHTS
Tax Annual Amount
4272
Legal Description
LOT 37 DAVISSON HEIGHTS
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1963
Flooring type
Vinyl, Carpet, Laminate
Building materials
WoodSiding
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
Realty ONE Group Impact
(515) 446-7524
Listed By:
Brenda Phongsavanh
(515) 446-7524
Added: Jun 24
Changed: Aug 3
Last Checked: Aug 11 at 11:06PM
MLS# 743762
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.
Newly remodeled duplex featuring two units with functional layouts. Each unit offers two bedrooms and one full bathroom. Interior highlights include an eat-in kitchen, with flooring provided by carpet, vinyl, and laminate. Appliances include a dishwasher, microwave, refrigerator, and stove. The home is served by electric and forced-air heating with natural gas, and central air cooling. Exterior features include a patio, and there is a shared two-car garage for off-street parking and additional storage. The property includes public water and public sewer service.
Built in 1963, the duplex sits on a 0.191-acre lot and totals 1,622 square feet. The roof is asphalt shingle. Residential rooms listed include multiple bedrooms and bathrooms, along with a basement.
With two separate units under one roof, this property can support either an owner-occupant arrangement or an income-focused investment strategy.
Built in 1963, the duplex sits on a 0.191-acre lot and totals 1,622 square feet. The roof is asphalt shingle. Residential rooms listed include multiple bedrooms and bathrooms, along with a basement.
With two separate units under one roof, this property can support either an owner-occupant arrangement or an income-focused investment strategy.
Key Highlights
- Two‑unit duplex with each unit offering 2 bedrooms and 1 full bathroom
- Shared 2‑car garage for off‑street parking and additional storage
- 0.191‑acre lot and 1,622 SF total building area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,390
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 4.43%
Second Best
Apartment 5plus
$179.7K
$157.2K – $209.7K
NOI $12,579 @ 7.0% cap · market cap 3.87%
Theoretical Best
Flex RnD
$1.56M
$1.37M – $1.82M
NOI $109,297 @ 7.0% cap · market cap 33.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
Explore this area
Business Placement
Demographics for 50324, IA
5,252
Population
2,327
Households
2.3
Avg Household Size
40
Median Age
44%
College-Educated
98%
High-School Grad
1.4 sq mi
ZIP Area
3,751
Density / Sq Mi
$89,083
Median Household Income
$56,385
Median Earnings
$1,355
Median Rent
$251,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Newly remodeled duplex with two units, each with two bedrooms and one full bathroom, plus central air and a shared garage.
Where is this duplex located?
The property is located at 1910 63rd Street Windsor Heights, IA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑unit duplex with each unit offering 2 bedrooms and 1 full bathroom; Shared 2‑car garage for off‑street parking and additional storage; 0.191‑acre lot and 1,622 SF total building area
