4001/4003 79th Street Urbandale, IA 50322
MULTI_FAMILY - Ranch - Urbandale, IA
Property Features for 4001/4003 79th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-1S
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Basement, Bedroom 1, Bedroom 4
- Appliances
- Dryer, Microwave, Refrigerator, Stove, Washer
- Standard status
- Active
- APN
- 31202612803000
- Size
- 1,408 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Description
- LOT 8 RICHARDS PARK PLAZA PLAT 3
- Tax Annual Amount
- 4245
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1972
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet
- Building materials
- Brick
- Roof type
- Shingle, Asphalt
- Architectural style
- Ranch
Listing agent Deb Stokka License #S535011000 (515) 238-6210
Listing office RE/MAX Precision 709 SW 3rd Street, Clive, IA (515) 223-9492
Listing date Jul 15, 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 zoned R-1S and is situated on a 0.32-acre lot. The listing is at 4001/4003 79th Street in Urbandale, IA (Polk County).
According to the public remarks, two additional duplexes on the same street are also available for sale as a package or individually.
Key Highlights
- Duplex built in 1972 with brick construction and ranch architectural style
- All appliances included: washer, dryer, microwave, refrigerator, and stove
- Central air cooling and natural gas forced‑air heating
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 | $18.9k | $13.44 |
| − Vacancy | −$1.1k | −$0.77 |
| EGI | $17.8k | $12.67 |
| − OpEx | −$5.4k | −$3.80 |
| NOI | $12.5k | $8.87 |
