Duplex with Two-Car
New
For Sale
$225,000
3001 30th Street, Des Moines, IA 50310
MultiFamily, Des Moines, IA
Property Size1,196 SF
Lot Size0.23 Acres
Price / SF$188.13
Days on Market2
Property Features for 3001 30th Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
N3B
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Basement
Parking features
Garage
Interior features
CableTv
Lot features
Rectangular Lot
Elementary school district
Des Moines Independent
Middle school district
Des Moines Independent
High school district
Des Moines Independent
Directions
Corner of 30th Street and Adams Street
Subdivision
Des Moines N.West
Standard status
Active
APN
08000178000000
Size
1,196 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2021
Tax Description
S 1/2 LOT 13 ARNOLD'S PLACE
Tax Annual Amount
3886
Legal Description
S 1/2 LOT 13 ARNOLD'S PLACE
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
three seasons porch
basement
laundry area
hardwood floors
covered breezeway
built-in hutches
Building Details
Year built
1924
Floors in Building
1
Number of units
2
Building materials
MetalSiding, VinylSiding
Architectural style
Bungalow, Ranch
Listing Agency:
Pennie Carroll & Associates
Listed By:
Pennie Carroll
(515) 490-8025
Added: Oct 22
Last Checked: Oct 23 at 2:06AM
MLS# 751732
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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Investment Insights
Based on property information with market context.
This duplex consists of two homes on a 0.23-acre lot, with a combined 1,196 square feet. The 716-square-foot residence has two bedrooms, a full bathroom, a living and dining area, and a kitchen. Its basement includes storage and laundry space, with potential for future finishing. A three-season porch adds enclosed outdoor space. The second home measures 480 square feet and includes one bedroom, a three-quarter bathroom, a living room, and a kitchen. Both homes connect to a two-car garage by a covered breezeway.
Built in 1924, the property is zoned N3B. It is near Drake, a bus line, a hospital, schools, and a park.
Built in 1924, the property is zoned N3B. It is near Drake, a bus line, a hospital, schools, and a park.
Key Highlights
- Two homes on a 0.23‑acre lot, totaling 1,196 square feet
- Main residence: 716 square feet, two bedrooms, and one full bathroom
- Second residence: 480 square feet, one bedroom, and one three‑quarter bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,158
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,160
$223.2K
Cap Rate 7%
$159,400
$159.4K
Cap Rate 9%
$123,978
$124.0K
Market Conditions
NOI Build-Up for 1,196 SF
Gross rent
$16.5K $13.80/SF
− Vacancy
−$564 −$0.47/SF
EGI
$15.9K $13.33/SF
− OpEx
−$4.8K −$4.00/SF
NOI
$11.2K $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%
$223,160
Cap Rate 7%
$159,400
Cap Rate 9%
$123,978
Alternative Uses
Best Use
Multifamily LT 5
$159.4K
$139.5K – $186.0K
NOI $11,158 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$142.4K
$124.6K – $166.1K
NOI $9,968 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$294.6K
$257.7K – $343.7K
NOI $20,619 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
Explore this area
Business Placement
Demographics for 50310, IA
30,754
Population
14,162
Households
2.2
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,844
Density / Sq Mi
$74,473
Median Household Income
$46,091
Median Earnings
$1,043
Median Rent
$213,800
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 - Two separate residences connect to a shared garage through a covered breezeway.
Where is this duplex located?
The property is located at 3001 30th Street Des Moines, IA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two homes on a 0.23‑acre lot, totaling 1,196 square feet; Main residence: 716 square feet, two bedrooms, and one full bathroom; Second residence: 480 square feet, one bedroom, and one three‑quarter bathroom
