Duplex with Updated
New
For Sale
$280,000
4703 Valdez Dr, Des Moines, IA 50310
Recent kitchen improvements are present in both residences.
Property Size1,562 SF
Price / SF$179.26
Days on Market4
Property Features for 4703 Valdez Dr
General Information
Standard status
Active
Size
1,562 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
spacious yard
quality landscaping
Building Details
Year Built
1968
Listing Agency:
Premier Land And Home
(641) 895-6589
Listed By:
Home Sweet Des Moines
(515) 783-9815
Source:
Homesweetdesmoines
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 9:13AM
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 Premier Land And Home
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Investment Insights
Based on property information with market context.
Built in 1968, this 1,562-square-foot duplex contains two residences, with kitchen improvements completed recently in each unit. The property is in the Beaverdale area of Des Moines and includes a landscaped yard.
Key Highlights
- Two‑unit duplex
- 1,562 square feet
- Built in 1968
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,573
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,460
$291.5K
Cap Rate 7%
$208,186
$208.2K
Cap Rate 9%
$161,922
$161.9K
Market Conditions
NOI Build-Up for 1,562 SF
Gross rent
$21.6K $13.80/SF
− Vacancy
−$737 −$0.47/SF
EGI
$20.8K $13.33/SF
− OpEx
−$6.2K −$4.00/SF
NOI
$14.6K $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%
$291,460
Cap Rate 7%
$208,186
Cap Rate 9%
$161,922
Alternative Uses
Best Use
Multifamily LT 5
$208.2K
$182.2K – $242.9K
NOI $14,573 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$186.0K
$162.7K – $217.0K
NOI $13,019 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$384.7K
$336.6K – $448.8K
NOI $26,928 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Explore this area
Business Placement
Demographics for 50310, IA
30,754
Population
14,162
Households
2.2
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,844
Density / Sq Mi
$74,473
Median Household Income
$46,091
Median Earnings
$1,043
Median Rent
$213,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Recent kitchen improvements are present in both residences.
Where is this duplex located?
The property is located at 4703 Valdez Dr Des Moines, IA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑unit duplex; 1,562 square feet; Built in 1968
