309 SE Grant Street Ankeny, IA 50021
MULTI_FAMILY - Other - Ankeny, IA
Property Features for 309 SE Grant Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3
- Standard status
- Pending
- APN
- 18100728000000
- Size
- 1,554 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Description
- LOT 44 TRIPLETT VILLAGE
- Tax Annual Amount
- 4043
Building Details
- Year built
- 1958
- Architectural style
- Other
Listing agent David Lake (515) 419-0493
Listing office RE/MAX Precision 709 SW 3rd Street, Clive, IA (515) 223-9492
Listing date Jul 9, 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.
Investment Insights
Based on property information with market context.
The property is located at 309 SE Grant Street, Ankeny, IA 50021, in Polk County. The listing notes a “24hr sale,” indicating the seller is prepared for an expedited sales process.
Key Highlights
- Built in 1958
- 4 bedrooms
- 2 bathrooms
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 | $20.9k | $13.44 |
| − Vacancy | −$1.2k | −$0.77 |
| EGI | $19.7k | $12.67 |
| − OpEx | −$5.9k | −$3.80 |
| NOI | $13.8k | $8.87 |
