Brick Duplex with Two Metered
2806 Aurora Avenue, Des Moines, IA 50310
New
MULTI_FAMILY - Other - Des Moines, IA
Type:Duplex
Property size:
1,569 SFLot size:
0.25 AcresPrice / SF:
$137/SF- Added:
- Jun 24, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 24 at 5:06 pm
Property Features for 2806 Aurora Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1
- Parking features
- Garage
- Appliances
- Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
- Standard status
- Active
- APN
- 08004150000000
- Size
- 1,569 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Description
- N 88.2F MEAS ON W LINE LOT 44 LYNNER HEIGHTS PLAT NO 4
- Tax Annual Amount
- 4360
Utilities
- Heating system
- Forced Air, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1959
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Shingle, Asphalt
- Architectural style
- Other
Listing agent Lauryn Peitzman (515) 223-9492
Listing office RE/MAX Precision 709 SW 3rd Street, Clive, IA (515) 223-9492
Listing date Jun 24, 2026
MLS# 743780
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
- Brick duplex built in 1959 with central air and forced‑air/electric heating
- Two separately metered units, each with its own furnace, central air unit, hot water heater, and laundry machines
- Vacant at sale with immediate options for owner‑occupancy, rental income, or multigenerational living
- Unit mix: one 2BR/1BA and the other 2BR/2BA plus a non‑conforming flex room for office, workout, guest, hobby, or storage
- Two‑car tuck‑under garage plus fully fenced backyard
- Includes hardwood flooring, asphalt/shingle roof, and front/rear vestibules
Overview
This brick duplex offers two independently metered units, each with its own furnace, central air conditioning unit, hot water heater, and laundry machines. Unit 1 provides two bedrooms and one bathroom. Unit 2 features two bedrooms and two bathrooms, along with a non-conforming flex room that can support a home office, workout room, guest space, hobby area, or additional storage. A metal spiral staircase leads to the lower level, adding distinctive character and additional usable space. The home also includes front and rear vestibules, a two-car tuck-under garage, and a fully fenced backyard. Both units are currently vacant, allowing flexibility for owner-occupants or investors. Property is being sold AS-IS.
Situated in the Lower Beaver area of Des Moines within a quiet, established neighborhood, the property is positioned for everyday convenience. Seller notes it is close to shopping, dining, parks, and schools, supporting a range of tenant lifestyles and owner-occupant needs. Zoning is listed as R.
With vacant space on both sides, this duplex is well suited for multigenerational living, house-hacking, or adding a rental unit to an existing portfolio. The separate systems and laundry for each unit can simplify day-to-day management compared with shared utilities, while the fenced yard and tuck-under garage offer practical features for tenants.
Situated in the Lower Beaver area of Des Moines within a quiet, established neighborhood, the property is positioned for everyday convenience. Seller notes it is close to shopping, dining, parks, and schools, supporting a range of tenant lifestyles and owner-occupant needs. Zoning is listed as R.
With vacant space on both sides, this duplex is well suited for multigenerational living, house-hacking, or adding a rental unit to an existing portfolio. The separate systems and laundry for each unit can simplify day-to-day management compared with shared utilities, while the fenced yard and tuck-under garage offer practical features for tenants.
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 | $21.7k | $13.80 |
| − Vacancy | −$741 | −$0.47 |
| EGI | $20.9k | $13.33 |
| − OpEx | −$6.3k | −$4.00 |
| NOI | $14.6k | $9.33 |
1,569 SF · lease $13.80/SF/yr · vacancy 3.42% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$209.1K
$183.0K – $244.0K
NOI $14,638 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$186.8K
$163.5K – $218.0K
NOI $13,077 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$386.4K
$338.1K – $450.8K
NOI $27,049 @ 7.0% cap · market cap 12.58%
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
- -93.656928
- Latitude
- 41.636257
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Brick duplex with two separately metered units, each with dedicated HVAC and laundry, plus a fenced yard and tuck-under garage.
Where is this duplex located?
The property is located at 2806 Aurora Avenue Des Moines, IA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Brick duplex built in 1959 with central air and forced‑air/electric heating; Two separately metered units, each with its own furnace, central air unit, hot water heater, and laundry machines; Vacant at sale with immediate options for owner‑occupancy, rental income, or multigenerational living
