Split-Foyer
5928 & 5930 SW 7th St, Des Moines, IA 50315
For Sale
New
$195,000
Each residence offers two bedrooms, one bathroom, and its own washer and dryer.
Property Size910 SF
Price / SF$214.29
Days on Market6
Property Features for 5928 & 5930 SW 7th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Construction
Listing Agency:
Real Broker, LLC
(515) 443-3800
Listed By:
Home Sweet Des Moines
(515) 783-9815
Source:
Homesweetdesmoines
Added: Nov 1
Changed: Nov 4
Last Checked: Nov 6 at 8:44AM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This split-foyer duplex contains two residences, each configured with two bedrooms and one bathroom. Original hardwood flooring remains upstairs. Both units have new washers and dryers, and the property has new furnaces, thermostats, and sump pumps. The exterior has been repainted, and the roof is 7–8 years old.
A walkout opens to a large backyard, with off-street parking available. One unit has a long-term tenant in place.
A walkout opens to a large backyard, with off-street parking available. One unit has a long-term tenant in place.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Split‑foyer layout with original hardwood floors upstairs
- Roof is 7–8 years old; exterior has new paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,490
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$169,800
$169.8K
Cap Rate 7%
$121,286
$121.3K
Cap Rate 9%
$94,333
$94.3K
Market Conditions
NOI Build-Up for 910 SF
Gross rent
$12.6K $13.80/SF
− Vacancy
−$429 −$0.47/SF
EGI
$12.1K $13.33/SF
− OpEx
−$3.6K −$4.00/SF
NOI
$8.5K $9.33/SF
Area
Des Moines, IA
Vacancy
3.42%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$169,800
Cap Rate 7%
$121,286
Cap Rate 9%
$94,333
Alternative Uses
Best Use
Multifamily LT 5
$121.3K
$106.1K – $141.5K
NOI $8,490 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$108.4K
$94.8K – $126.4K
NOI $7,585 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$224.1K
$196.1K – $261.5K
NOI $15,688 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
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Business Placement
Demographics for 50315, IA
36,693
Population
16,579
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
87%
High-School Grad
10.3 sq mi
ZIP Area
3,562
Density / Sq Mi
$62,036
Median Household Income
$41,311
Median Earnings
$977
Median Rent
$164,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Des Moines, IA
Properties on Market for Duplexes in Des Moines
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, one bathroom, and its own washer and dryer.
Where is this duplex located?
The property is located at 5928 & 5930 SW 7th St Des Moines, IA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Split‑foyer layout with original hardwood floors upstairs; Roof is 7–8 years old; exterior has new paint
