Updated Two-Unit
For Sale
$265,000
2940 Brattleboro Ave, Des Moines, IA 50311
Two three-bedroom units offer assigned parking, in-unit laundry, and refreshed interior finishes.
Property Size2,142 SF
Price / SF$123.72
Days on Market70
Property Features for 2940 Brattleboro Ave
General Information
Standard status
Active
Size
2,142 SF
Property subtype
Multi-Family
Building Details
Year Built
1895
Listing Agency:
Homefront Real Estate, LLC
(515) 468-0409
Listed By:
The Kew Real Estate Team
(515) 230-0488
Source:
Realtorchriskew
Added: Aug 9
Changed: Oct 16
Last Checked: Oct 16 at 8:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Homefront Real Estate, LLC
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Investment Insights
Based on property information with market context.
This 2,142-square-foot duplex, built in 1895, contains two three-bedroom residences. Both units feature updated flooring, cabinetry, appliances, and in-unit laundry. One apartment includes a generously proportioned kitchen, while the other offers an expansive living room. Five private assigned parking spaces serve the property, and the rental certificate has been updated.
Located in Des Moines’ Drake neighborhood, the property supports either short-term or long-term rental use, as well as owner occupancy, according to the stated property details.
Located in Des Moines’ Drake neighborhood, the property supports either short-term or long-term rental use, as well as owner occupancy, according to the stated property details.
Key Highlights
- Two‑unit duplex with 2,142 SF of building area
- Both residences are three‑bedroom units
- Updated flooring, cabinetry, and appliances in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,984
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,680
$399.7K
Cap Rate 7%
$285,486
$285.5K
Cap Rate 9%
$222,044
$222.0K
Market Conditions
NOI Build-Up for 2,142 SF
Gross rent
$29.6K $13.80/SF
− Vacancy
−$1.0K −$0.47/SF
EGI
$28.5K $13.33/SF
− OpEx
−$8.6K −$4.00/SF
NOI
$20.0K $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%
$399,680
Cap Rate 7%
$285,486
Cap Rate 9%
$222,044
Alternative Uses
Best Use
Multifamily LT 5
$285.5K
$249.8K – $333.1K
NOI $19,984 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$255.0K
$223.2K – $297.6K
NOI $17,853 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$527.5K
$461.6K – $615.5K
NOI $36,927 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
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Business Placement
Demographics for 50311, IA
14,782
Population
7,180
Households
2.1
Avg Household Size
30
Median Age
41%
College-Educated
94%
High-School Grad
2.6 sq mi
ZIP Area
5,685
Density / Sq Mi
$63,233
Median Household Income
$35,086
Median Earnings
$1,019
Median Rent
$228,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units offer assigned parking, in-unit laundry, and refreshed interior finishes.
Where is this duplex located?
The property is located at 2940 Brattleboro Ave Des Moines, IA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,142 SF of building area; Both residences are three‑bedroom units; Updated flooring, cabinetry, and appliances in each unit
