Duplex with Separate
2525 51st Street Des Moines, IA 50310
For Sale
$469,900
Pending
MULTI_FAMILY - Other - Des Moines, IA
Property Size4,135 SF
Lot Size0.49 Acres
Days on Market48
Property Features for 2525 51st Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
N3B
Bedrooms
6
Bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 4, Basement
Parking features
Garage
Appliances
Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
Standard status
Pending
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
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood, Carpet
Building materials
VinylSiding
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
RE/MAX Precision
(515) 223-9492
Listed By:
Amy Dempsey
(323) 204-1936
Added: Jun 11
Changed: Jul 23
Last Checked: Jul 28 at 3:06AM
MLS# 742879
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.
Investment Insights
Based on property information with market context.
This duplex offers nine total bedrooms and four bathrooms across two units, with recent interior improvements throughout both sides. Updates include new luxury vinyl plank flooring, new carpet, fresh paint, and updated vanities in most bathrooms. Each unit features a dedicated mudroom closet storage area at the front entrance. The 2525 side includes four bedrooms and two bathrooms, plus an upper-level bonus space with hardwood floors. The 2527 side includes five bedrooms and two bathrooms and features a recently updated kitchen.
The property sits on a lot of just under half an acre and includes newer vinyl siding, recent foundation work, separate driveways for each side, and a detached two-car garage.
As configured, the duplex provides two distinct residential units with separate layouts and outdoor/drive access on the same parcel.
The property sits on a lot of just under half an acre and includes newer vinyl siding, recent foundation work, separate driveways for each side, and a detached two-car garage.
As configured, the duplex provides two distinct residential units with separate layouts and outdoor/drive access on the same parcel.
Key Highlights
- Duplex with 9 total bedrooms and 4 bathrooms across two units
- Nearly half‑acre lot with separate driveways for each side
- Recent interior updates include new luxury vinyl plank flooring, new carpet, fresh paint, and updated vanities in most bathrooms
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 8.21%
Second Best
Apartment 5plus
$492.3K
$430.8K – $574.4K
NOI $34,464 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$1.02M
$891.1K – $1.19M
NOI $71,286 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex on a nearly half-acre lot with separate driveways, updated interiors, and a detached two-car garage.
Where is this duplex located?
The property is located at 2525 51st Street Des Moines, IA.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Duplex with 9 total bedrooms and 4 bathrooms across two units; Nearly half‑acre lot with separate driveways for each side; Recent interior updates include new luxury vinyl plank flooring, new carpet, fresh paint, and updated vanities in most bathrooms
