Updated Two-Unit
For Sale
$265,000
2940 Brattleboro Avenue, Des Moines, IA 50311
Residential, Duplex, Residential, Des Moines, IA
Property Size2,142 SF
Lot Size0.15 Acres
Price / SF$123.72
Days on Market62
Property Features for 2940 Brattleboro Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Dining Room, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 6, Basement, Bathroom 2
Interior features
DiningArea, EatInKitchen, SecondKitchen, CableTv, WindowTreatments
Fireplace
1
Appliances
Dryer, Dishwasher, Microwave, Refrigerator, Washer
Lot features
Rectangular Lot
Elementary school district
Des Moines Independent
Middle school district
Des Moines Independent
High school district
Des Moines Independent
Directions
From 31st, head east on Brattleboro. Home is on south side of street.
Subdivision
Des Moines West
Standard status
Active
APN
09003676000000
Size
2,142 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
W 1/2 LOT 73 & E 1/2 LOT 74 KINGMAN PLACE
Tax Annual Amount
4038
Legal Description
W 1/2 LOT 73 & E 1/2 LOT 74 KINGMAN PLACE
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
1895
Flooring type
Laminate
Building materials
MetalSiding
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
Realty ONE Group Impact
(515) 446-7524
Listed By:
Adam Steger
(515) 564-9852
Added: Aug 7
Changed: Oct 6
Last Checked: Oct 7 at 8:06AM
MLS# 746894
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.
Investment Insights
Based on property information with market context.
This 2,142-square-foot duplex, built in 1895, contains two three-bedroom residences with separate living areas and kitchens. Both units include in-unit laundry, updated flooring, cabinetry, and appliances. Interior features include dining areas, eat-in kitchens, a second kitchen, window treatments, and cable TV access. Forced-air natural gas heat, central air, laminate flooring, metal siding, an asphalt shingle roof, and a fireplace are also present.
The property occupies 0.152 acres in Des Moines’ Drake neighborhood and is zoned R. Five private assigned parking spaces serve the building. Public water and public sewer are connected, and the property has an updated rental certificate. The two residences may support short-term rental, long-term rental, or owner occupancy as stated in the property information.
The property occupies 0.152 acres in Des Moines’ Drake neighborhood and is zoned R. Five private assigned parking spaces serve the building. Public water and public sewer are connected, and the property has an updated rental certificate. The two residences may support short-term rental, long-term rental, or owner occupancy as stated in the property information.
Key Highlights
- Two 3‑bedroom units within a 2,142‑square‑foot duplex
- Five private assigned parking spaces
- Updated rental certificate
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer three bedrooms, private parking, in-unit laundry, and refreshed interior finishes.
Where is this duplex located?
The property is located at 2940 Brattleboro Avenue 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 3‑bedroom units within a 2,142‑square‑foot duplex; Five private assigned parking spaces; Updated rental certificate
