Updated Duplex with Bonus
2525 & 2527 51st Street, Des Moines, IA 50310
New
MULTI_FAMILY - Other - Des Moines, IA
Type:Duplex
Property size:
4,135 SFLot size:
0.49 AcresPrice / SF:
$116/SF- Added:
- Jun 11, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 11 at 5:06 pm
Property Features for 2525 & 2527 51st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- N3B
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 3, Basement, Bathroom 1, Bathroom 4
- Parking features
- Garage
- Appliances
- Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
- Standard status
- Active
- APN
- 10042430378051
- Size
- 4,135 SF
- Lot size
- 0.49 Acres
Taxes and HOA fees
- Tax Description
- S 10F LOT 91 & ALL LOT 90 DEERFOOT ACRES PLAT 2
- Tax Annual Amount
- 8266
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Tile, Carpet
- Building materials
- VinylSiding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Amy Dempsey (323) 204-1936
Listing office RE/MAX Precision 5465 Mills Civic Pkwy, Ste.200, Clive, IA (515) 223-9492
Listing date Jun 11, 2026
MLS# 742879
Listing URL
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
- Duplex built in 1950 with 9 total bedrooms and 4 bathrooms across two units.
- Unit at 2525 side: 4 bedrooms, 2 bathrooms, plus an upper‑level bonus space with hardwood floors.
- Unit at 2527 side: 5 bedrooms, 2 bathrooms, with a recently updated kitchen.
- Recent improvements: new luxury vinyl plank flooring, new carpet, fresh paint, and updated vanities in most bathrooms.
- Exterior updates include newer vinyl siding and recent foundation work, plus separate driveways for each side.
- Shared utilities: public water and public sewer; heating is natural gas forced air with central air, and includes a detached two‑car garage.
Overview
This duplex provides a total of nine bedrooms and four bathrooms, arranged as two separate sides with practical, owner- and tenant-friendly entry storage. Recent improvements include new luxury vinyl plank flooring, new carpet, fresh paint, and updated vanities in most bathrooms. The exterior has newer vinyl siding, recent foundation work, and separate driveways serving each side. A detached two-car garage adds additional off-street parking and storage.
On the 2525 side, the layout includes four bedrooms and two bathrooms, plus a versatile upper-level bonus space featuring hardwood floors. That bonus area can support a variety of needs such as an additional living space, home office, or other flexible use. On the 2527 side, there are five bedrooms and two bathrooms, with a recently updated kitchen.
Each unit includes its own dedicated mudroom closet storage immediately inside the front entrance. With a lot size of approximately 0.487 acres, the property also offers outdoor space for daily use and privacy. Zoned N3B, this configuration may appeal to buyers seeking a duplex that is ready to operate with recent interior and exterior updates already in place.
On the 2525 side, the layout includes four bedrooms and two bathrooms, plus a versatile upper-level bonus space featuring hardwood floors. That bonus area can support a variety of needs such as an additional living space, home office, or other flexible use. On the 2527 side, there are five bedrooms and two bathrooms, with a recently updated kitchen.
Each unit includes its own dedicated mudroom closet storage immediately inside the front entrance. With a lot size of approximately 0.487 acres, the property also offers outdoor space for daily use and privacy. Zoned N3B, this configuration may appeal to buyers seeking a duplex that is ready to operate with recent interior and exterior updates already in place.
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 | $57.1k | $13.80 |
| − Vacancy | −$2.0k | −$0.47 |
| EGI | $55.1k | $13.33 |
| − OpEx | −$16.5k | −$4.00 |
| NOI | $38.6k | $9.33 |
4,135 SF · lease $13.80/SF/yr · vacancy 3.42% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$551.1K
$482.2K – $643.0K
NOI $38,578 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$492.3K
$430.8K – $574.4K
NOI $34,464 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$1.02M
$891.1K – $1.19M
NOI $71,286 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.68879
- Latitude
- 41.61751
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Turnkey duplex offering nine bedrooms and four bathrooms, with recent interior updates and separate driveways for each unit.
Where is this duplex located?
The property is located at 2525 & 2527 51st Street Des Moines, IA.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Duplex built in 1950 with 9 total bedrooms and 4 bathrooms across two units.; Unit at 2525 side: 4 bedrooms, 2 bathrooms, plus an upper‑level bonus space with hardwood floors.; Unit at 2527 side: 5 bedrooms, 2 bathrooms, with a recently updated kitchen.
