Duplex with New
For Sale
$279,900
4025 /4027 79th St, Urbandale, IA 50322
Two-bedroom duplex with updated exterior systems, included appliances, basement laundry, and private outdoor space.
Property Size1,408 SF
Price / SF$198.79
Days on Market45
Property Features for 4025 /4027 79th St
General Information
Standard status
Active
Size
1,408 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1972
Buildings
1
Listing Agency:
RE/MAX Precision
(515) 238-6210
Listed By:
Deb Stokka · License #S535011000
Source:
Kwlegacyrealty
Added: Jul 18
Changed: Aug 30
Last Checked: Aug 30 at 8:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Precision
Investment Insights
Based on property information with market context.
This duplex, built in 1972, contains 1,408 square feet and offers a functional residential layout with living and family room areas, a kitchen with cabinets and included appliances, two bedrooms, and a full bath. A walkout basement provides convenient laundry access, while the property also includes private outdoor space and a yard.
The roof, HVAC, and siding are all new. The property is located at 4025/4027 79th St in Urbandale, Iowa. Two additional duplexes on the same street are also available, with the option to purchase this property individually or as part of a package.
The roof, HVAC, and siding are all new. The property is located at 4025/4027 79th St in Urbandale, Iowa. Two additional duplexes on the same street are also available, with the option to purchase this property individually or as part of a package.
Key Highlights
- 1,408‑square‑foot duplex at 4025/4027 79th St, Urbandale, IA 50322
- New roof, HVAC, and siding
- Two bedrooms and a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,491
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$249,820
$249.8K
Cap Rate 7%
$178,443
$178.4K
Cap Rate 9%
$138,789
$138.8K
Market Conditions
NOI Build-Up for 1,408 SF
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.
Gross rent
$18.9K $13.44/SF
− Vacancy
−$1.1K −$0.77/SF
EGI
$17.8K $12.67/SF
− OpEx
−$5.4K −$3.80/SF
NOI
$12.5K $8.87/SF
Area
Polk County, IA
Vacancy
5.70%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$249,820
Cap Rate 7%
$178,443
Cap Rate 9%
$138,789
Alternative Uses
Best Use
Multifamily LT 5
$178.4K
$156.1K – $208.2K
NOI $12,491 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$156.0K
$136.5K – $182.0K
NOI $10,919 @ 7.0% cap · market cap 3.90%
Theoretical Best
Flex RnD
$1.36M
$1.19M – $1.58M
NOI $94,877 @ 7.0% cap · market cap 33.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Explore this area
Business Placement
Demographics for 50322, IA
31,652
Population
13,293
Households
2.4
Avg Household Size
40
Median Age
42%
College-Educated
93%
High-School Grad
10.8 sq mi
ZIP Area
2,931
Density / Sq Mi
$89,323
Median Household Income
$48,016
Median Earnings
$1,151
Median Rent
$263,900
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 - Two-bedroom duplex with updated exterior systems, included appliances, basement laundry, and private outdoor space.
Where is this duplex located?
The property is located at 4025 /4027 79th St Urbandale, IA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 1,408‑square‑foot duplex at 4025/4027 79th St, Urbandale, IA 50322; New roof, HVAC, and siding; Two bedrooms and a full bath
