2519 Clarkson Ave Des Moines, IA 50310
45-unit apartment community with renovated units in Des Moines, Iowa.
Property Features for 2519 Clarkson Ave
General Information
- Standard status
- Active
- Size
- 27,360 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1972
Listing office CBRE - Des Moines
Listing date Mar 24, 2026
Source Crexi
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 CBRE - Des Moines
Investment Insights
Based on property information with market context.
Key Highlights
- Renovated Units: All 45 units are already renovated.
- Prime Location: Highly accessible location at the intersection of Douglas Avenue and MLK Jr Parkway.
- Strong Employment Hub: Close proximity to major employers.
Local Financial Insights For Apartment 5plus
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 | $430.1k | $15.72 |
| − Vacancy | −$15.5k | −$0.57 |
| EGI | $414.6k | $15.15 |
| − OpEx | −$186.6k | −$6.82 |
| NOI | $228.0k | $8.33 |
