Side-by-Side Duplex with Patio
New
For Sale
$259,900
4011 SE 8th Street, Des Moines, IA 50315
MULTI_FAMILY - Other - Des Moines, IA
Property Size1,854 SF
Lot Size0.30 Acres
Price / SF$140.18
Days on Market1
Property Features for 4011 SE 8th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RES
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 4
Patio and Porch features
Patio
Interior features
EatInKitchen
Exterior features
Patio, Storage
Appliances
Dishwasher, Refrigerator, Stove
Lot features
Irregular Lot
Elementary school district
Des Moines Independent
Middle school district
Des Moines Independent
High school district
Des Moines Independent
Directions
Going east on Watrous Ave, go past SE 8th St, and turn right into the 2nd driveway on the right.
Subdivision
Des Moines S.East
Standard status
Active
APN
12006909001000
Size
1,854 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
-EX N 110F E 73F-N 1/2 LT 25 YODER ACRES
Tax Annual Amount
3853
Legal Description
-EX N 110F E 73F-N 1/2 LT 25 YODER ACRES
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
eat-in kitchen
main floor laundry hook-ups
back patio area
exterior storage shed
Building Details
Year built
1977
Floors in Building
2
Flooring type
Vinyl, Carpet
Building materials
VinylSiding, WoodSiding
Roof type
Shingle, Asphalt
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Iowa Realty Mills Crossing
(515) 453-4300
Listed By:
Sara Edstrom
(800) 724-2297
Added: Jul 30
Last Checked: Jul 30 at 6:06PM
MLS# 746355
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.
Side-by-side duplex property on 0.297 acres featuring a total of four units. The duplexes are configured with two units each, and each unit includes two bedrooms and one full bathroom. Interior features include an eat-in kitchen and main floor laundry hook-ups. Outside, each unit has a back patio area, and the properties include an exterior storage shed. Off-street parking is included with two parking spaces available for each unit.
Heating is forced air with natural gas, and cooling is provided by central air. The home has public water service and public sewer, with asphalt shingle roofing. Construction materials include vinyl siding and wood siding, with vinyl and carpet flooring.
Built in 1977, the property is zoned RES and is listed with 4011 SE 8th Street, Des Moines, IA 50315. The listing also states this property is to be sold with the property at 805 E Watrous.
Heating is forced air with natural gas, and cooling is provided by central air. The home has public water service and public sewer, with asphalt shingle roofing. Construction materials include vinyl siding and wood siding, with vinyl and carpet flooring.
Built in 1977, the property is zoned RES and is listed with 4011 SE 8th Street, Des Moines, IA 50315. The listing also states this property is to be sold with the property at 805 E Watrous.
Key Highlights
- Two side‑by‑side duplexes with four total units
- Each unit has two bedrooms and one full bathroom
- Off‑street parking included: 2 spaces per unit
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 | $25.6k | $13.80 |
| − Vacancy | −$875 | −$0.47 |
| EGI | $24.7k | $13.33 |
| − OpEx | −$7.4k | −$4.00 |
| NOI | $17.3k | $9.33 |
1,854 SF · lease $13.80/SF/yr · vacancy 3.42% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$247.1K
$216.2K – $288.3K
NOI $17,297 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$220.8K
$193.2K – $257.6K
NOI $15,453 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$456.6K
$399.5K – $532.7K
NOI $31,962 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Explore this area
Business Placement
Demographics for 50315, IA
36,693
Population
16,579
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
87%
High-School Grad
10.3 sq mi
ZIP Area
3,562
Density / Sq Mi
$62,036
Median Household Income
$41,311
Median Earnings
$977
Median Rent
$164,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side duplex with central air, patio space, off-street parking, and exterior storage shed included.
Where is this duplex located?
The property is located at 4011 SE 8th Street Des Moines, IA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two side‑by‑side duplexes with four total units; Each unit has two bedrooms and one full bathroom; Off‑street parking included: 2 spaces per unit
