Duplex with
New
For Sale
$195,000
4021 6th Avenue, Des Moines, IA 50313
Residential, Duplex, Residential, Des Moines, IA
Property Size1,387 SF
Lot Size0.15 Acres
Price / SF$140.59
Days on Market3
Property Features for 4021 6th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
res
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Basement, Bedroom 3, Dining Room, Bathroom 2, Bathroom 1, Bedroom 2
Parking features
Garage
Interior features
DiningArea, SecondKitchen
Fireplace
1
Appliances
Microwave, Refrigerator, Stove
Lot features
Rectangular Lot
Elementary school district
Des Moines Independent
Middle school district
Des Moines Independent
High school district
Des Moines Independent
Directions
Home located on 6th Ave North of Madison Ave
Subdivision
Des Moines N.West
Standard status
Active
APN
07001127000000
Size
1,387 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
LOT 392 COLLEGE PARK
Tax Annual Amount
2931
Legal Description
LOT 392 COLLEGE PARK
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1926
Floors in Building
2
Flooring type
Hardwood
Building materials
Brick, MetalSiding
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
Century 21 Signature · Century 21 Real Estate
(515) 963-1040
Listed By:
Brian Geist
(319) 939-7672
Added: Oct 5
Last Checked: Oct 7 at 12:06PM
MLS# 750549
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.
Built in 1926, this 1,387-square-foot duplex has a one-bedroom, one-bath main-level unit with basement access and an upper-level unit with two bedrooms and one bath. The upper residence is reached by its own exterior staircase. Interior features include a second kitchen, hardwood flooring and a fireplace. Brick and metal siding form the exterior.
The 0.149-acre property includes a two-stall garage accessed from the alley and a carport. It is in Des Moines’ Highland Park neighborhood, within walking distance of coffee shops, restaurants and a bakery. Public water and sewer serve the property.
The 0.149-acre property includes a two-stall garage accessed from the alley and a carport. It is in Des Moines’ Highland Park neighborhood, within walking distance of coffee shops, restaurants and a bakery. Public water and sewer serve the property.
Key Highlights
- Two residences: main‑level unit has 1 bedroom and 1 bath; upper unit has 2 bedrooms and 1 bath
- 1,387‑square‑foot building on a 0.149‑acre lot
- Two‑stall garage with alley access, plus a carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,940
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,800
$258.8K
Cap Rate 7%
$184,857
$184.9K
Cap Rate 9%
$143,778
$143.8K
Market Conditions
NOI Build-Up for 1,387 SF
Gross rent
$19.1K $13.80/SF
− Vacancy
−$655 −$0.47/SF
EGI
$18.5K $13.33/SF
− OpEx
−$5.5K −$4.00/SF
NOI
$12.9K $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%
$258,800
Cap Rate 7%
$184,857
Cap Rate 9%
$143,778
Alternative Uses
Best Use
Multifamily LT 5
$184.9K
$161.8K – $215.7K
NOI $12,940 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$165.1K
$144.5K – $192.7K
NOI $11,560 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$341.6K
$298.9K – $398.5K
NOI $23,911 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances serve a one-bedroom main-floor residence and a two-bedroom upper residence.
Where is this duplex located?
The property is located at 4021 6th Avenue Des Moines, IA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two residences: main‑level unit has 1 bedroom and 1 bath; upper unit has 2 bedrooms and 1 bath; 1,387‑square‑foot building on a 0.149‑acre lot; Two‑stall garage with alley access, plus a carport
