For Sale
Contact for pricing
518 S Central Avenue, Burlington, IA 52601
The property is offered as a package with another duplex on Washington Street.
Property Size3,102 SF
Price / SF$7.38
Days on Market367
Property Features for 518 S Central Avenue
General Information
Standard status
Active
Size
3,102 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$784
Building Details
Building Size
3,102 SF
Year Built
1880
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 side-by-side duplex contains 3,102 square feet and dates to 1880. It is located at 518 S Central Avenue in Burlington, Iowa.
The sale is structured as a package with a second duplex at 1127 Washington Street.
The sale is structured as a package with a second duplex at 1127 Washington Street.
Key Highlights
- Side‑by‑side duplex configuration
- 3,102 square feet
- 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 123.89%
Second Best
Apartment 5plus
$372.7K
$326.1K – $434.9K
NOI $26,091 @ 7.0% cap · market cap 113.93%
Theoretical Best
Office A
$775.1K
$678.3K – $904.3K
NOI $54,260 @ 7.0% cap · market cap 236.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 as a package with another duplex on Washington Street.
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: Side‑by‑side duplex configuration; 3,102 square feet; Built in 1880
