Three-Bedroom Duplex with Finished
For Sale
$309,990
2513 E 50th Ct, Des Moines, IA 50317
Open-concept interiors pair quartz kitchen finishes with additional lower-level living space.
Property Size1,253 SF
Price / SF$247.40
Days on Market231
Property Features for 2513 E 50th Ct
General Information
Standard status
Active
Size
1,253 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Building Details
Year Built
2023
Listing Agency:
DRH Realty of Iowa, LLC
Listed By:
Kathryn Greer (515) 605-7444
(515) 605-7444
Source:
Desmoineshomesforsale
Added: Feb 18
Changed: Oct 1
Last Checked: Oct 5 at 7:16PM
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 DRH Realty of Iowa, LLC
Investment Insights
Based on property information with market context.
This 2023 duplex at 2513 E 50th Ct in Des Moines includes three bedrooms, three bathrooms, and a two-car garage. The residence offers nearly 1,900 square feet of total living space, with a finished basement adding a separate living area, bedroom, full bathroom, and storage room. The main level uses an open layout with solid-surface flooring, while the kitchen includes a corner pantry, island, and quartz countertops.
The primary suite has a walk-in closet and private bathroom with dual vanities. A second bedroom and full bathroom are positioned at the front of the main level. Smart-home technology and DEAKO light switches are included among the home’s installed features.
The primary suite has a walk-in closet and private bathroom with dual vanities. A second bedroom and full bathroom are positioned at the front of the main level. Smart-home technology and DEAKO light switches are included among the home’s installed features.
Key Highlights
- Nearly 1,900 square feet of total living space
- Three bedrooms and three bathrooms
- Finished basement with living area, bedroom, full bathroom, and storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,690
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,800
$233.8K
Cap Rate 7%
$167,000
$167.0K
Cap Rate 9%
$129,889
$129.9K
Market Conditions
NOI Build-Up for 1,253 SF
Gross rent
$17.3K $13.80/SF
− Vacancy
−$591 −$0.47/SF
EGI
$16.7K $13.33/SF
− OpEx
−$5.0K −$4.00/SF
NOI
$11.7K $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%
$233,800
Cap Rate 7%
$167,000
Cap Rate 9%
$129,889
Alternative Uses
Best Use
Multifamily LT 5
$167.0K
$146.1K – $194.8K
NOI $11,690 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$149.2K
$130.5K – $174.1K
NOI $10,443 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$308.6K
$270.0K – $360.0K
NOI $21,601 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Explore this area
Business Placement
Demographics for 50317, IA
37,221
Population
15,193
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
87%
High-School Grad
22.1 sq mi
ZIP Area
1,684
Density / Sq Mi
$61,569
Median Household Income
$36,641
Median Earnings
$1,079
Median Rent
$165,200
Median Home Value
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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 - Open-concept interiors pair quartz kitchen finishes with additional lower-level living space.
Where is this duplex located?
The property is located at 2513 E 50th Ct Des Moines, IA.
What is the asking price?
The asking price for this property is $309,990.
What are key features of this property?
This property features: Nearly 1,900 square feet of total living space; Three bedrooms and three bathrooms; Finished basement with living area, bedroom, full bathroom, and storage room
