Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    576 & 578 SW 42nd Street Des Moines, IA 50312

    View on Map
    Claim this Listing
    For Sale
    $319,000

    MULTI_FAMILY - Ranch - Des Moines, IA

    Type:Duplex
    Property size:
    1,254 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $254/SF
    Added:
    Apr 3, 2026
    Days on Market:
    32
    Last Refresh:
    May 4 at 2:06 pm

    Property Features for 576 & 578 SW 42nd Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    N5
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 2, Dining Room, Bedroom 2, Bathroom 1, Bedroom 1
    Interior features
    DiningArea
    Fireplace
    1
    Appliances
    Dishwasher, Refrigerator, Stove
    Standard status
    Active
    APN
    09004377000000
    Size
    1,254 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Description
    E 170 F N 1/2 LOT 47 LINDEN HEIGHTS
    Tax Annual Amount
    4839

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1949
    Floors in Building
    1
    Flooring type
    Hardwood, Tile
    Building materials
    Brick
    Roof type
    Asphalt, Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Al Tramontina
    Al Tramontina

    Listing agent Al Tramontina

    Listing office RE/MAX Precision 2202 Woodlands Parkway, Clive, IA

    Listing date Apr 3, 2026

    MLS# 737686 Listing URL

    Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Charming Duplex in Des Moines

    This duplex is located in a desirable South-of-Grand neighborhood. The all-brick cottage includes recently refinished wood floors and fresh paint. The units feature a great room with a fireplace and large windows that provide natural light, kitchen appliances including a gas range, refrigerator, and dishwasher, a dining area, one bedroom, and a remodeled bathroom with tile floor and shower. Each unit includes a walkout lower level with laundry and the opportunity for future finish or additional rental units. The lower levels can be used for storage, a workout room, or hobbies. The wooded backyard includes shared garden beds. The driveway has one parking space for each unit, plus ample street parking. The large 0.1951-acre lot offers the opportunity to build a garage or an additional dwelling unit. The property is near bike trails and the western edge of Des Moines. The property is zoned N5. The property size is 1254 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.67476
    Latitude
    41.571981

    Nearby Similar for Sale

    • $595,000
      3,967 SF

      Grand Avenue Multifamily Investment

      Multi-family property with strong income potential in desirable Grand Avenue.
      3103 Grand Avenue, Des Moines, IA 50312
      View Details
    • $596,000
      4,025 SF

      Turnkey Multifamily in Waterbury Neighborhood

      Multifamily property with five units and remodeled owner's apartment.
      543 53rd Street, Des Moines, IA 50312
      View Details
    • $310,000
      2,509 SF

      Des Moines Fourplex Investment Opportunity

      Fourplex near Drake College, ideal for investors or owner-occupants.
      1148 36th Street, Des Moines, IA 50311
      View Details
    • $340,000
      2,522 SF

      Multifamily Property in Drake Area

      Five-unit multifamily property with income potential in Des Moines, Iowa.
      2936 Brattleboro Avenue, Des Moines, IA 50311
      View Details
    • $399,900
      3,174 SF

      Sherman Hill Multifamily Investment Opportunity

      Multifamily property in Des Moines' historic Sherman Hill neighborhood.
      732 19th Street, Des Moines, IA 50314
      View Details
    • $1,250,000
      8,736 SF

      Des Moines Multifamily Investment Opportunity

      Eight-unit multifamily property near downtown Des Moines.
      2316 51st Street, Des Moines, IA 50310
      View Details
    • $320,000
      1,768 SF

      Turnkey Duplex Investment Opportunity

      Income-generating duplex with long-term tenants in Des Moines.
      1004 Kingman Circle, Des Moines, IA 50311
      View Details
    • $475,000
      5,692 SF

      Sherman Hill Multifamily Investment

      Six-unit property in Des Moines' desirable Sherman Hill neighborhood.
      686 19th Street, Des Moines, IA 50314
      View Details
    • $315,000

      Automotive Shop in Des Moines

      Fully functioning automotive shop in high-traffic Des Moines location.
      1501 6th Avenue, Des Moines, IA 50314
      View Details
    • $300,000
      1,596 SF

      Des Moines Duplex with Updates

      Side-by-side duplex with recent updates and fenced yards.
      4557 50th Street, Des Moines, IA 50310
      View Details
    • $289,900
      3,306 SF

      Highland Park 7-Unit Multifamily Property

      Turnkey investment property in Des Moines' Highland Park neighborhood.
      3419 1st Street, Des Moines, IA 50313
      View Details
    • $275,000
      2,013 SF

      Updated Triplex in Des Moines

      Turnkey investment property with updated units and cash-flow potential.
      900 Morton Avenue, Des Moines, IA 50316
      View Details

    FAQs

    What type of property is this?
    Duplex - Desirable South-of-Grand duplex with potential for additional rental units.
    Where is this duplex located?
    The property is located at 576 & 578 SW 42nd Street Des Moines, IA.
    What is the asking price?
    The asking price for this property is $319,000.
    What are key features of this property?
    This property features: Highly desirable South‑of‑Grand neighborhood location.; Duplex offers investment opportunity: rent both units or live in one and rent the other.; Large lot with potential to build a garage or additional dwelling unit.
    (515) 494-2160
    We can help!
    Listing Contact
    Al Tramontina
    Al Tramontina
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    576 & 578 SW 42nd Street, Des Moines, IA 50312

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!