Duplex with Fenced
For Sale
$300,000
2801 & 2803 SE 19th Street, Des Moines, IA 50320
MultiFamily, Des Moines, IA
Property Size1,040 SF
Lot Size0.12 Acres
Price / SF$288.46
Days on Market47
Property Features for 2801 & 2803 SE 19th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
N2B
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2, Basement, Bedroom 2
Parking features
Garage
Appliances
Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
Elementary school district
Des Moines Independent
Middle school district
Des Moines Independent
High school district
Des Moines Independent
Directions
SE 14th St, go East on E Park Ave, North on SE 19th St to houses on the right
Subdivision
Des Moines S.East
Standard status
Active
APN
01003972513002
Size
1,040 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
N 63F LOT 13 PARK FOREST PLAT 1
Tax Annual Amount
1986
Legal Description
N 63F LOT 13 PARK FOREST PLAT 1
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
2
Number of units
2
Building materials
VinylSiding
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
RE/MAX Concepts · RE/MAX International
(515) 276-2872
Listed By:
Shannon Salmon
(612) 327-6536
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 27 at 4:06PM
MLS# 749206
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex offers 1,040 square feet of living space on a 0.1186-acre lot. Its split-foyer layout includes a kitchen with sliding-door access to a patio, four bedrooms, four bathrooms, and a basement. The backyard has a privacy fence, and a garage provides parking. Central air conditioning and gas forced-air heat serve the home; public water and sewer are connected. The property was built in 1979 and has vinyl siding and an asphalt-shingle roof.
Key Highlights
- 1,040 square feet on a 0.1186‑acre lot
- Four bedrooms and four bathrooms
- Split‑foyer layout with basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,703
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,060
$194.1K
Cap Rate 7%
$138,614
$138.6K
Cap Rate 9%
$107,811
$107.8K
Market Conditions
NOI Build-Up for 1,040 SF
Gross rent
$14.4K $13.80/SF
− Vacancy
−$491 −$0.47/SF
EGI
$13.9K $13.33/SF
− OpEx
−$4.2K −$4.00/SF
NOI
$9.7K $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%
$194,060
Cap Rate 7%
$138,614
Cap Rate 9%
$107,811
Alternative Uses
Best Use
Multifamily LT 5
$138.6K
$121.3K – $161.7K
NOI $9,703 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$123.8K
$108.4K – $144.5K
NOI $8,668 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$256.1K
$224.1K – $298.8K
NOI $17,929 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
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Business Placement
Demographics for 50320, IA
23,369
Population
9,317
Households
2.5
Avg Household Size
34
Median Age
24%
College-Educated
86%
High-School Grad
16.8 sq mi
ZIP Area
1,391
Density / Sq Mi
$83,710
Median Household Income
$44,418
Median Earnings
$1,110
Median Rent
$207,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The home includes a patio, garage parking, and a privacy-fenced backyard.
Where is this duplex located?
The property is located at 2801 & 2803 SE 19th Street Des Moines, IA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,040 square feet on a 0.1186‑acre lot; Four bedrooms and four bathrooms; Split‑foyer layout with basement
