4021/4023 79th Street Urbandale, IA 50322
MULTI_FAMILY - Ranch - Urbandale, IA
Property Features for 4021/4023 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
- 31202612812000
- Size
- 1,493 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Description
- LOT 2 RICHARDS PARK PLAZA PLAT 4
- Tax Annual Amount
- 4292
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1972
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet
- Building materials
- Brick, VinylSiding
- 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 located at 4021/4023 79th Street in Urbandale, Iowa, within an R-1s zoning district.
Additional duplexes are offered on the same street as part of a package, or the opportunity is available to purchase this duplex individually.
Key Highlights
- Duplex with ranch style, built in 1972
- Recent updates reported: new roof, siding, and HVAC
- Appliances included: washer, dryer, refrigerator, microwave, and stove
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 | $20.1k | $13.44 |
| − Vacancy | −$1.1k | −$0.77 |
| EGI | $18.9k | $12.67 |
| − OpEx | −$5.7k | −$3.80 |
| NOI | $13.2k | $8.87 |
