18-Unit Duplex
For Sale
$325,000
200 N Main St, Baxter, IA 50028
Recently built duplex properties support residential occupancy and rental use across multiple Iowa communities.
Property Size2,616 SF
Price / SF$124.24
Days on Market182
Property Features for 200 N Main St
General Information
Standard status
Active
Size
2,616 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
18
Building Details
Year Built
2018
Buildings
9
Listing Agency:
RE/MAX Precision
Listed By:
Heather Schmidt (515) 729-4735
(515) 729-4735
Source:
Desmoineshomesforsale
Added: Apr 15
Changed: Oct 1
Last Checked: Oct 12 at 8:39PM
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 Precision
Investment Insights
Based on property information with market context.
This residential income portfolio includes 18 units distributed across 9 duplex buildings. The properties were built in 2018 and offer residential configurations suited to both occupant use and rental operations. The package includes a property size of 2,616 square feet and provides multiple buildings within one offering.
Holdings are located in Nevada, Roland, and Baxter, Iowa, including an address at 200 N Main St in Baxter. The properties are positioned in community settings with access to nearby amenities. The portfolio format provides a consolidated way to acquire multiple duplex buildings across three Iowa communities.
Holdings are located in Nevada, Roland, and Baxter, Iowa, including an address at 200 N Main St in Baxter. The properties are positioned in community settings with access to nearby amenities. The portfolio format provides a consolidated way to acquire multiple duplex buildings across three Iowa communities.
Key Highlights
- 18 units across 9 duplex buildings
- 2018 construction
- 2,616 square feet property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,135
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,700
$342.7K
Cap Rate 7%
$244,786
$244.8K
Cap Rate 9%
$190,389
$190.4K
Market Conditions
NOI Build-Up for 2,616 SF
Gross rent
$26.7K $10.20/SF
− Vacancy
−$2.2K −$0.84/SF
EGI
$24.5K $9.36/SF
− OpEx
−$7.3K −$2.81/SF
NOI
$17.1K $6.55/SF
Area
Jasper County, IA
Vacancy
8.26%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,700
Cap Rate 7%
$244,786
Cap Rate 9%
$190,389
Alternative Uses
Best Use
Multifamily LT 5
$244.8K
$214.2K – $285.6K
NOI $17,135 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$225.2K
$197.0K – $262.7K
NOI $15,763 @ 7.0% cap · market cap 4.85%
Theoretical Best
Flex RnD
$2.52M
$2.20M – $2.94M
NOI $176,277 @ 7.0% cap · market cap 54.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Explore this area
Business Placement
Demographics for 50028, IA
1,608
Population
776
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
93%
High-School Grad
45.3 sq mi
ZIP Area
35
Density / Sq Mi
$70,982
Median Household Income
$50,156
Median Earnings
$697
Median Rent
$197,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Recently built duplex properties support residential occupancy and rental use across multiple Iowa communities.
Where is this duplex located?
The property is located at 200 N Main St Baxter, 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: 18 units across 9 duplex buildings; 2018 construction; 2,616 square feet property size
