Two-Unit Duplex with Off-Street
For Sale
$164,900
3905 8th Street, Des Moines, IA 50313
MultiFamily, Duplex, Des Moines, IA
Property Size1,214 SF
Lot Size0.15 Acres
Price / SF$135.83
Days on Market48
Property Features for 3905 8th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
N6
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement, Bedroom 2, Bedroom 1
Appliances
Dryer, Refrigerator, Stove
Elementary school district
Des Moines Independent
Middle school district
Des Moines Independent
High school district
Des Moines Independent
Directions
From Euclid North on 8th Street to Home. Home located on East side of Street
Subdivision
Des Moines N.West
Standard status
Active
APN
07003712000000
Size
1,214 SF
Lot size
0.15 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
LOT 14 BLK 2 NORTH OAK PARK
Tax Annual Amount
2846
Legal Description
LOT 14 BLK 2 NORTH OAK PARK
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1925
Floors in Building
1
Number of units
2
Flooring type
Carpet
Building materials
VinylSiding
Roof type
Shingle, Asphalt
Architectural style
Ranch
Listing Agency:
LPT Realty, LLC
(515) 669-4010
Listed By:
Amanda Welch
(515) 577-6581
Added: Sep 10
Changed: Oct 24
Last Checked: Oct 27 at 11:06PM
MLS# 749021
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.
Built in 1925, this ranch-style duplex contains 1,214 square feet on a 0.152-acre lot. The layout includes two one-bedroom, one-bathroom units, a basement, carpeted floors, vinyl siding, and an asphalt shingle roof. One unit is occupied while the second is vacant. Appliances include a refrigerator, stove, and dryer, with natural gas forced-air heat and a combination of central and window-unit cooling.
The property is located at 3905 8th Street in Des Moines, within the 50313 ZIP code. Public water and public sewer serve the property, and off-street parking is included. Schools and bus routes are nearby. Zoning is N6, and a rental certificate was issued this year.
The property is located at 3905 8th Street in Des Moines, within the 50313 ZIP code. Public water and public sewer serve the property, and off-street parking is included. Schools and bus routes are nearby. Zoning is N6, and a rental certificate was issued this year.
Key Highlights
- Two‑unit duplex with one bedroom and one bathroom in each unit
- 1,214 square feet on a 0.152‑acre lot
- One unit occupied and one unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,326
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,520
$226.5K
Cap Rate 7%
$161,800
$161.8K
Cap Rate 9%
$125,844
$125.8K
Market Conditions
NOI Build-Up for 1,214 SF
Gross rent
$16.8K $13.80/SF
− Vacancy
−$573 −$0.47/SF
EGI
$16.2K $13.33/SF
− OpEx
−$4.9K −$4.00/SF
NOI
$11.3K $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%
$226,520
Cap Rate 7%
$161,800
Cap Rate 9%
$125,844
Alternative Uses
Best Use
Multifamily LT 5
$161.8K
$141.6K – $188.8K
NOI $11,326 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$144.5K
$126.5K – $168.6K
NOI $10,118 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$299.0K
$261.6K – $348.8K
NOI $20,929 @ 7.0% cap · market cap 12.69%
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
447
Businesses Nearby
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Business Placement
Demographics for 50313, IA
17,723
Population
7,674
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
86%
High-School Grad
18.1 sq mi
ZIP Area
979
Density / Sq Mi
$64,077
Median Household Income
$36,284
Median Earnings
$1,077
Median Rent
$161,800
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 - Ranch-style duplex with public utilities and a rental certificate issued this year.
Where is this duplex located?
The property is located at 3905 8th Street Des Moines, IA.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: Two‑unit duplex with one bedroom and one bathroom in each unit; 1,214 square feet on a 0.152‑acre lot; One unit occupied and one unit vacant
