Side-by-Side
518 S Central Avenue, Burlington, IA 52601
For Sale
New
Contact for pricing
Residential Income, Burlington, IA
Property Size3,102 SF
Lot Size0.16 Acres
Price / SF$6.74
Days on Market5
Property Features for 518 S Central Avenue
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
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# 6333181
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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Investment Insights
Based on property information with market context.
This side-by-side duplex contains 3,102 square feet and was built in 1880. Forced-air heating serves the building, and the property has a public water source.
The 0.16-acre parcel is located at 518 S Central Avenue in Burlington, Iowa. The sale is structured as a package with the duplex at 1127 Washington.
The 0.16-acre parcel is located at 518 S Central Avenue in Burlington, Iowa. The sale is structured as a package with the duplex at 1127 Washington.
Key Highlights
- 3,102‑square‑foot side‑by‑side duplex
- 0.16‑acre parcel
- Built in 1880
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,091
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,820
$521.8K
Cap Rate 7%
$372,729
$372.7K
Cap Rate 9%
$289,900
$289.9K
Market Conditions
NOI Build-Up for 3,102 SF
Gross rent
$50.3K $16.20/SF
− Vacancy
−$2.8K −$0.91/SF
EGI
$47.4K $15.29/SF
− OpEx
−$21.3K −$6.88/SF
NOI
$26.1K $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%
$521,820
Cap Rate 7%
$372,729
Cap Rate 9%
$289,900
Alternative Uses
Best Use
Multifamily LT 5
$405.3K
$354.6K – $472.9K
NOI $28,371 @ 7.0% cap · market cap 135.75%
Second Best
Apartment 5plus
$372.7K
$326.1K – $434.9K
NOI $26,091 @ 7.0% cap · market cap 124.84%
Theoretical Best
Office A
$775.1K
$678.3K – $904.3K
NOI $54,260 @ 7.0% cap · market cap 259.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
726
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 property is offered together with another duplex, creating a two-property package.
Where is this duplex located?
The property is located at 518 S Central Avenue Burlington, IA.
What are key features of this property?
This property features: 3,102‑square‑foot side‑by‑side duplex; 0.16‑acre parcel; Built in 1880
