Duplex with Detached Two-Car
For Sale
$469,900
2525 51st Street, Des Moines, IA 50310
MULTI_FAMILY - Other - Des Moines, IA
Property Size4,135 SF
Lot Size0.49 Acres
Price / SF$113.64
Days on Market55
Property Features for 2525 51st Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
N3B
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 1, Basement, Bedroom 2, Bathroom 2, Bedroom 4
Parking features
Garage
Appliances
Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
Lot features
Rectangular Lot
Elementary school district
Des Moines Independent
Middle school district
Des Moines Independent
High school district
Des Moines Independent
Directions
I-235 to 63rd St. North on 63rd. east on Hickman. North on 51st St. Duplex is on the right.
Subdivision
Des Moines N.West
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
Legal Description
S 10F LOT 91 & ALL LOT 90 DEERFOOT ACRES PLAT 2
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
Carpet, Hardwood, Tile
Building materials
VinylSiding
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
RE/MAX Precision · RE/MAX International
(515) 223-9492
Listed By:
Amy Dempsey
(323) 204-1936
Added: Jun 11
Changed: Aug 4
Last Checked: Aug 4 at 11:06AM
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 at 2525 51st Street offers a total of nine bedrooms and four bathrooms, with each unit featuring its own dedicated mudroom closet storage at the front entrance. The property was built in 1950 and includes vinyl siding and an asphalt shingle roof. Heating is natural gas forced air and cooling is central air. Floors and finishes have been updated in both units, including new luxury vinyl plank flooring, new carpet, fresh paint, and updated vanities in most bathrooms.
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, with a recently updated kitchen. Each side has separate driveways, and there is a detached two-car garage. Appliances included are dryer, dishwasher, microwave, refrigerator, stove, and washer.
The property sits on a 0.487-acre lot (4,135 square feet) with public water and public sewer. Zoning is N3B.
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, with a recently updated kitchen. Each side has separate driveways, and there is a detached two-car garage. Appliances included are dryer, dishwasher, microwave, refrigerator, stove, and washer.
The property sits on a 0.487-acre lot (4,135 square feet) with public water and public sewer. Zoning is N3B.
Key Highlights
- 0.487‑acre (4,135 SF) duplex lot zoned N3B with public water and public sewer
- Detached two‑car garage plus separate driveways for each unit
- Updated finishes in both units: new luxury vinyl plank, new carpet, fresh paint, and updated vanities
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
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Explore this area
Business Placement
Demographics for 50310, IA
30,754
Population
14,162
Households
2.2
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,844
Density / Sq Mi
$74,473
Median Household Income
$46,091
Median Earnings
$1,043
Median Rent
$213,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with 9 bedrooms, central air, zoning N3B, and updated finishes across both units.
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: 0.487‑acre (4,135 SF) duplex lot zoned N3B with public water and public sewer; Detached two‑car garage plus separate driveways for each unit; Updated finishes in both units: new luxury vinyl plank, new carpet, fresh paint, and updated vanities
