209 S Cottonwood Street, Roland, IA 50236
MULTI_FAMILY - Ranch - Roland, IA
- Added:
- Jun 30, 2026
- Days on Market:
- 10
- Last Refresh:
- Jul 9 at 7:06 am
Property Features for 209 S Cottonwood Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- R
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 5
- Parking features
- Garage
- Standard status
- Active
- APN
- 0222235270
- Size
- 2,228 SF
- Lot size
- 0.38 Acres
Taxes and HOA fees
- Tax Description
- SECTION:22 TOWNSHIP:85 RANGE:23 LOT 4 & N34' LOT 5 NE NE ROLAND
- Tax Annual Amount
- 4328
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2011
- Floors in Building
- 1
- Building materials
- VinylSiding
- Roof type
- Asphalt, Shingle
- Architectural style
- Ranch
Listing agent Heather Schmidt (515) 729-4735
Listing office RE/MAX Precision 709 SW 3rd Street, Clive, IA (515) 223-9492
Listing date Jun 30, 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
- Ranch‑style duplex built in 2011
- Each side features 3 bedrooms and 1 full bath, totaling 6 bedrooms and 2 full baths
- Attached single‑stall garage on each side
- Central air cooling; forced‑air natural gas heating
- Public water and public sewer
- Vinyl siding exterior with asphalt shingle roof
Overview
The property is located at 209 S Cottonwood Street in Roland, Iowa, within Story County. Zoning is listed as R, and the seller notes the duplexes are available for purchase either individually or as a package.
For owners and tenants seeking a low-maintenance residential income setup, the unit mix supports common end-user scenarios such as living in one side while renting the other, or adding the property to a rental portfolio. With a functional single-level design and matching bedroom and bathroom counts on both sides, the duplex offers a consistent configuration for managing occupancy. The purchase structure also provides flexibility for buyers who want one property or multiple locations.
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 | $25.7k | $11.52 |
| − Vacancy | −$1.3k | −$0.58 |
| EGI | $24.4k | $10.94 |
| − OpEx | −$7.3k | −$3.28 |
| NOI | $17.1k | $7.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Roland
- County
- Story
- State
- Iowa
- Longitude
- -93.502315
- Latitude
- 42.164415
