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Two-Story Duplex with Attached Garage

4781 172nd Street Urbandale, IA 50323

4781 172nd Street, Urbandale, IA, 50323
$294,990
For Sale
$294,990

Two-story duplex with 4 bedrooms and 2.5 baths, open-concept living, and an attached 2-car garage.

Property Size1,767 SF
Price / SF$166.94
Days on Market198

Property Features for 4781 172nd Street

General Information

Standard status
Active
Size
1,767 SF
Property subtype
Duplex

Building Details

Year Built
2026
Listing agency DRH Realty of Iowa, LLC
Listed by Kathryn Greer
Source Xome
Added: Jan 6 Updated: Jul 22 at 5:30PM Checked: Jul 22 at 5:30PM

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 DRH Realty of Iowa, LLC


Investment Insights

Based on property information with market context.

This two-story duplex offers 1,767 sq. ft. of thoughtfully designed interior space with 4 bedrooms and 2.5 baths. The main level features an open-concept layout with a spacious living room, large windows for natural light, and a kitchen that opens to the dining area. The kitchen includes white cabinetry, stainless steel appliances, a walk-in pantry, and a large center island. A guest bathroom, coat closet, and access to the attached 2-car garage complete the first floor.

Upstairs, the primary suite is located at the rear of the home and includes a walk-in shower, dual sinks, and a walk-in closet. Two secondary bedrooms and a full bath are positioned at the front, along with a centrally placed laundry room.

The property is listed for sale at 4781 172nd Street in Urbandale, IA, with an invitation to schedule a personal tour.

Key Highlights

  • Two‑story duplex with 1,767 SF featuring 4 bedrooms and 2.5 baths
  • Open‑concept main level with living room, dining area, and kitchen with walk‑in pantry and large center island
  • Kitchen appliances include dishwasher, 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 $23.7k $13.44
− Vacancy −$1.4k −$0.77
EGI $22.4k $12.67
− OpEx −$6.7k −$3.80
NOI $15.7k $8.87
1,767 SF · lease $13.44/SF/yr · vacancy 5.70% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$223.9K
$196.0K – $261.3K (±1% cap)
NOI $15,676 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$195.8K
$171.3K – $228.4K (±1% cap)
NOI $13,703 @ 7.0% cap · market cap 4.65%
Theoretical Best
Flex RnD
$1.70M
$1.49M – $1.98M (±1% cap)
NOI $119,068 @ 7.0% cap · market cap 40.36%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Plumbing Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Pet Grooming Service (Bike/Boat/Book/etc) Store Restaurant Home Appliance Store HVAC Service Acupuncture Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-story duplex with 4 bedrooms and 2.5 baths, open-concept living, and an attached 2-car garage.
Where is this duplex located?
The property is located at 4781 172nd Street Urbandale, IA.
What is the asking price?
The asking price for this property is $294,990.
What are key features of this property?
This property features: Two‑story duplex with 1,767 SF featuring 4 bedrooms and 2.5 baths; Open‑concept main level with living room, dining area, and kitchen with walk‑in pantry and large center island; Kitchen appliances include dishwasher, microwave, and stove
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