Duplex with Rear Living
2730 Capitol Avenue, Des Moines, IA 50317
For Sale
$210,000
MultiFamily, Des Moines, IA
Property Size1,424 SF
Lot Size0.12 Acres
Price / SF$147.47
Days on Market8
Property Features for 2730 Capitol Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Lot features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Amenities
enclosed porch
laundry area
Building Details
Year built
Number of units
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
RE/MAX Concepts · RE/MAX International
(515) 276-2872
Listed By:
Amanda Jackson
(515) 402-6910
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 13 at 11:06PM
MLS# 752659
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.
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Investment Insights
Based on property information with market context.
The property includes a 1,424-square-foot main residence and a detached garage converted to secondary living space. The main home has four bedrooms, a partially finished basement, an enclosed porch, and a laundry area. Its 0.123-acre lot includes a backyard, partial fencing, and alley access. Two separate water lines serve the property, which is zoned R.
The main residence is occupied under a month-to-month tenancy and has a current rental certificate. The rear living space was previously rented. The property is near the Iowa State Fairgrounds, with access to University Avenue and I-235.
The main residence is occupied under a month-to-month tenancy and has a current rental certificate. The rear living space was previously rented. The property is near the Iowa State Fairgrounds, with access to University Avenue and I-235.
Key Highlights
- 1,424‑square‑foot main residence
- 0.123‑acre lot with backyard, partial fencing, and alley access
- Detached garage converted to secondary living space; previously rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,285
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,700
$265.7K
Cap Rate 7%
$189,786
$189.8K
Cap Rate 9%
$147,611
$147.6K
Market Conditions
NOI Build-Up for 1,424 SF
Gross rent
$19.7K $13.80/SF
− Vacancy
−$672 −$0.47/SF
EGI
$19.0K $13.33/SF
− OpEx
−$5.7K −$4.00/SF
NOI
$13.3K $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%
$265,700
Cap Rate 7%
$189,786
Cap Rate 9%
$147,611
Alternative Uses
Best Use
Multifamily LT 5
$189.8K
$166.1K – $221.4K
NOI $13,285 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$169.6K
$148.4K – $197.8K
NOI $11,869 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$350.7K
$306.9K – $409.2K
NOI $24,549 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
343
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
$165,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Des Moines, IA
Properties on Market for Duplexes in Des Moines
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The 1,424-square-foot main residence has a month-to-month tenant and a current rental certificate.
Where is this duplex located?
The property is located at 2730 Capitol Avenue Des Moines, IA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1,424‑square‑foot main residence; 0.123‑acre lot with backyard, partial fencing, and alley access; Detached garage converted to secondary living space; previously rented
