Ranch Duplex
For Sale
$325,000
200 N Main Street, Baxter, IA 50028
MultiFamily, Baxter, IA
Property Size2,616 SF
Price / SF$124.24
Days on Market106
Property Features for 200 N Main Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 6, Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3
Parking features
Garage
Elementary school district
Baxter
Middle school district
Baxter
High school district
Baxter
Directions
From hwy 210- turn right on US 65 S - turn left on W 76th St N- turn right on N 95th AVe W.-turn left on N Main Street.
Subdivision
Baxter
Standard status
Active
APN
0214153034
Size
2,616 SF
Taxes and HOA fees
Tax Description
ORIGINAL PLAT PARCEL E WITHIN LOTS 18, 19, 20 & 21 BLK 4
Tax Annual Amount
5810
Legal Description
ORIGINAL PLAT PARCEL E WITHIN LOTS 18, 19, 20 & 21 BLK 4
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating), Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2018
Floors in Building
1
Number of units
2
Building materials
VinylSiding
Roof type
Shingle, Asphalt
Architectural style
Ranch
Listing Agency:
RE/MAX Precision · RE/MAX International
(515) 223-9492
Listed By:
Heather Schmidt
(515) 729-4735
Added: Jun 30
Changed: Oct 12
Last Checked: Oct 13 at 11:06PM
MLS# 743579
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.
This offering is a duplex-focused residential package comprising 18 units across 9 buildings. The properties include ranch-style construction, vinyl siding, shingle and asphalt roofing, garage parking, and central air conditioning. Heating systems include forced air, natural gas, and electric heating. Public water and public sewer serve the properties, and the improvements were built in 2018.
The package includes properties in Nevada, Roland, and Baxter, Iowa. The Baxter property is located at 200 N Main Street and carries R zoning. The listed property size is 2,616 square feet. Room data identifies multiple bedrooms and bathrooms, supporting the residential duplex configuration described in the offering.
The package includes properties in Nevada, Roland, and Baxter, Iowa. The Baxter property is located at 200 N Main Street and carries R zoning. The listed property size is 2,616 square feet. Room data identifies multiple bedrooms and bathrooms, supporting the residential duplex configuration described in the offering.
Key Highlights
- 18 units distributed across 9 buildings
- Properties located in Nevada, Roland, and Baxter, Iowa
- 2018 construction with ranch‑style design
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
113
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 - 2018-built residential income property with garage parking, public utilities, and central air.
Where is this duplex located?
The property is located at 200 N Main Street 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 distributed across 9 buildings; Properties located in Nevada, Roland, and Baxter, Iowa; 2018 construction with ranch‑style design
