11-Unit Apartment
4671 NW 50th St Des Moines, IA 50310
For Sale
Contact for pricing
Well-kept 11-unit apartment building built in 1969 and renovated in 2025 with individual heating and central A/C.
Property Size5,016 SF
Price / SF$154.51
Days on Market79
Property Features for 4671 NW 50th St
General Information
- Standard status
- Active
- Size
- 5,016 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1969
Listing Agency:
CBRE - Des Moines
Listed By:
Ray Hamilton · License #S66838000
Source:
Crexi
Added: May 6
Changed: Jul 22
Last Checked: Jul 22 at 1:53PM
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 CBRE - Des Moines
Investment Insights
Based on property information with market context.
This 11-unit apartment building was built in 1969 and renovated in 2025. The property features an all 1BR/1BA unit mix. Each unit has individual furnace heating and individual water heaters, with central A/C for cooling.
The building includes surface parking for residents and guests.
For prospective buyers and brokers, the unit composition is straightforward with all one-bedroom layouts, and the recent renovation and in-unit mechanical setup support a low-friction operating profile.
The building includes surface parking for residents and guests.
For prospective buyers and brokers, the unit composition is straightforward with all one-bedroom layouts, and the recent renovation and in-unit mechanical setup support a low-friction operating profile.
Key Highlights
- 11‑unit apartment building built in 1969 and renovated in 2025
- All 1BR/1BA unit mix
- Avg. in‑place rents of $805
Financial Insights For Apartment 5plus
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 | $78.9k | $15.72 |
| − Vacancy | −$2.8k | −$0.57 |
| EGI | $76.0k | $15.15 |
| − OpEx | −$34.2k | −$6.82 |
| NOI | $41.8k | $8.33 |
5,016 SF · lease $15.72/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$597.2K
$522.6K – $696.8K
NOI $41,807 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,474 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-kept 11-unit apartment building built in 1969 and renovated in 2025 with individual heating and central A/C.
Where is this apartment building located?
The property is located at 4671 NW 50th St Des Moines, IA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 11‑unit apartment building built in 1969 and renovated in 2025; All 1BR/1BA unit mix; Avg. in‑place rents of $805
