Up-and-Down
508 S 10Th Street, Burlington, IA 52601
For Sale
New
Contact for pricing
Residential Income, Burlington, IA
Property Size2,493 SF
Lot Size0.10 Acres
Price / SF$7.22
Days on Market5
Property Features for 508 S 10Th Street
General Information
Property type
Property subtype
Basement
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Listing Agency:
Century 21/Property Professionals
(319) 753-6000
Listed By:
Deborah Fowler · License #***
(319) 759-1672
Added: Nov 2
Changed: Nov 3
Last Checked: Nov 6 at 6:06PM
MLS# 6333180
Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 2,493 square feet arranged across upper and lower living areas. Built in 1870, the building has wood siding, forced-air heating, and public water service. The property occupies a 0.1-acre lot.
It may be offered together with properties at 235 S 9th, 805 S 9th, 518 S Central, 605 S Central, 801 S 9th, and 1127 Washington.
It may be offered together with properties at 235 S 9th, 805 S 9th, 518 S Central, 605 S Central, 801 S 9th, and 1127 Washington.
Key Highlights
- Upper- and lower‑level duplex configuration
- 2,493 square feet of building area
- 0.1‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,969
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,380
$419.4K
Cap Rate 7%
$299,557
$299.6K
Cap Rate 9%
$232,989
$233.0K
Market Conditions
NOI Build-Up for 2,493 SF
Gross rent
$40.4K $16.20/SF
− Vacancy
−$2.3K −$0.91/SF
EGI
$38.1K $15.29/SF
− OpEx
−$17.2K −$6.88/SF
NOI
$21.0K $8.41/SF
Area
Des Moines County, IA
Vacancy
5.60%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,380
Cap Rate 7%
$299,557
Cap Rate 9%
$232,989
Alternative Uses
Best Use
Multifamily LT 5
$325.7K
$285.0K – $380.0K
NOI $22,801 @ 7.0% cap · market cap 126.67%
Second Best
Apartment 5plus
$299.6K
$262.1K – $349.5K
NOI $20,969 @ 7.0% cap · market cap 116.49%
Theoretical Best
Office A
$623.0K
$545.1K – $726.8K
NOI $43,607 @ 7.0% cap · market cap 242.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
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Business Placement
Demographics for 52601, IA
27,899
Population
14,107
Households
2
Avg Household Size
43
Median Age
24%
College-Educated
94%
High-School Grad
109.3 sq mi
ZIP Area
255
Density / Sq Mi
$57,123
Median Household Income
$35,594
Median Earnings
$921
Median Rent
$125,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two-level rental property has forced-air heating and public water service.
Where is this duplex located?
The property is located at 508 S 10Th Street Burlington, IA.
What are key features of this property?
This property features: Upper- and lower‑level duplex configuration; 2,493 square feet of building area; 0.1‑acre lot
