2931 Kingman Boulevard, Des Moines, IA 50311
MULTI_FAMILY - Other - Des Moines, IA
- Added:
- May 7, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 22 at 7:06 pm
Property Features for 2931 Kingman Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1-60
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bedroom 4, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 5, Basement, Bedroom 3, Bedroom 5, Bedroom 1
- Parking features
- Garage
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 09003767000000
- Size
- 3,367 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Description
- E 1/2 LOT 172 & ALL LOT 173 KINGMAN PLACE
- Tax Annual Amount
- 5120
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1909
- Floors in Building
- 3
- Number of units
- 5
- Roof type
- Shingle, Asphalt
- Architectural style
- Other
Listing agent Meghan O'Brien (515) 554-5312
Listing office Realty ONE Group Impact 140 S 68th St., Ste. 1105, West Des Moines, IA (515) 446-7524
Listing date May 7, 2026
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
- 5‑unit rental property in the Kingman neighborhood of Des Moines
- Each unit has 200 amp electrical service metered separately
- Tenants paid rents (Unit 1 $1,050; Unit 2 $795; Unit 3 $695; Unit 4 $820; Unit 5 $595)
- Units updated with fresh paint and carpet; majority of hardwood flooring refinished
- Public utilities: public water and public sewer
- Asphalt shingle roof; forced‑air natural gas heating; garage parking available
Overview
Local Financial Insights For Apartment 5plus
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 | $52.9k | $15.72 |
| − Vacancy | −$1.9k | −$0.57 |
| EGI | $51.0k | $15.15 |
| − OpEx | −$23.0k | −$6.82 |
| NOI | $28.1k | $8.33 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.658168
- Latitude
- 41.596856
