Two-Level
For Sale
Contact for pricing
508 S 10Th Street, Burlington, IA 52601
The residential building places one unit above the other.
Property Size2,493 SF
Price / SF$9.03
Days on Market367
Property Features for 508 S 10Th Street
General Information
Standard status
Active
Size
2,493 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$982
Building Details
Building Size
2,493 SF
Year Built
1870
Stories
2
Units
2
Listing Agency:
Century 21/Property Profession
(319) 753-6000
Listed By:
Deborah Fowler · License #***
(319) 759-1672
Source:
Davisandpalmer
Added: Oct 27, 2025
Changed: Oct 25
Last Checked: Oct 26 at 3:41AM
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 Century 21/Property Profession
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Investment Insights
Based on property information with market context.
This duplex is configured vertically, with one residence on each level. The building contains 2,493 square feet and dates to 1870. It is located at 508 S 10th Street in Burlington, Iowa.
Key Highlights
- 2,493‑square‑foot duplex
- One residence on each level
- Built in 1870
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 101.34%
Second Best
Apartment 5plus
$299.6K
$262.1K – $349.5K
NOI $20,969 @ 7.0% cap · market cap 93.20%
Theoretical Best
Office A
$623.0K
$545.1K – $726.8K
NOI $43,607 @ 7.0% cap · market cap 193.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 residential building places one unit above the other.
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: 2,493‑square‑foot duplex; One residence on each level; Built in 1870
