Two-Unit Duplex with Private
250 & 252 NE 57th Place, Des Moines, IA 50313
For Sale
$295,000
Each residence has a living area, dining space, kitchen, and pantry, with interstate access nearby.
Property Size1,872 SF
Price / SF$157.59
Days on Market68
Property Features for 250 & 252 NE 57th Place
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Amenities
backyard
Building Details
Year Built
Buildings
Listing Agency:
Boutique Real Estate
(515) 314-4777
Listed By:
Lacie Sibley
(515) 669-9430
Source:
Prometrorealty
Added: Sep 3
Changed: Nov 9
Last Checked: Nov 9 at 1:18PM
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 Boutique Real Estate
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Investment Insights
Based on property information with market context.
This 1,872-square-foot duplex, built in 1995, contains two residences. Each unit has two bedrooms and one bathroom, with living, dining, and kitchen areas arranged in a connected layout. A pantry provides additional kitchen storage, and each unit has access to a backyard.
The property is at 250 & 252 NE 57th Place in Des Moines, with quick access to the interstate.
The property is at 250 & 252 NE 57th Place in Des Moines, with quick access to the interstate.
Key Highlights
- Two‑unit duplex totaling 1,872 square feet
- Both residences offer 2 bedrooms and 1 bathroom
- Living area, dining space, kitchen, and pantry in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,465
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,300
$349.3K
Cap Rate 7%
$249,500
$249.5K
Cap Rate 9%
$194,056
$194.1K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$25.8K $13.80/SF
− Vacancy
−$884 −$0.47/SF
EGI
$25.0K $13.33/SF
− OpEx
−$7.5K −$4.00/SF
NOI
$17.5K $9.33/SF
Area
Des Moines, IA
Vacancy
3.42%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,300
Cap Rate 7%
$249,500
Cap Rate 9%
$194,056
Alternative Uses
Best Use
Multifamily LT 5
$249.5K
$218.3K – $291.1K
NOI $17,465 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$222.9K
$195.0K – $260.1K
NOI $15,603 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$461.0K
$403.4K – $537.9K
NOI $32,273 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Explore this area
Business Placement
Demographics for 50313, IA
17,723
Population
7,674
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
86%
High-School Grad
18.1 sq mi
ZIP Area
979
Density / Sq Mi
$64,077
Median Household Income
$36,284
Median Earnings
$1,077
Median Rent
$161,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Des Moines, IA
Properties on Market for Duplexes in Des Moines
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a living area, dining space, kitchen, and pantry, with interstate access nearby.
Where is this duplex located?
The property is located at 250 & 252 NE 57th Place Des Moines, IA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,872 square feet; Both residences offer 2 bedrooms and 1 bathroom; Living area, dining space, kitchen, and pantry in each unit
