Duplex with Two
For Sale
Contact for pricing
613 North 10th Street, Keokuk, IA 52632
A two-unit property offers separate spaces for owner occupancy and rental use.
Property Size1,746 SF
Price / SF$15.41
Days on Market393
Property Features for 613 North 10th Street
General Information
Standard status
Active
Size
1,746 SF
Property subtype
Residential / Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,352
Amenities
Window Unit(s)
Forced Air
Yes
2
4
Building Details
Year Built
1900
Listing Agency:
McCord Insurance & Real Estate
Listed By:
Dave Wiges · License #***
(712) 263-4694
Source:
Compass
Added: Oct 2, 2025
Changed: Oct 27
Last Checked: Oct 28 at 11:18AM
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 McCord Insurance & Real Estate
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Investment Insights
Based on property information with market context.
This duplex contains two units within a 1,746-square-foot structure built in 1900. The property needs cleanout, tree work, repairs, and updates. Roof repairs are also needed in the added-on areas; the remaining structure is described as dry and solid.
The two-unit configuration accommodates either rental use across both spaces or occupancy in one unit while the other is rented.
The two-unit configuration accommodates either rental use across both spaces or occupancy in one unit while the other is rented.
Key Highlights
- Two‑unit duplex
- 1,746 square feet; built in 1900
- Roof repairs needed in added‑on areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,380
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,600
$267.6K
Cap Rate 7%
$191,143
$191.1K
Cap Rate 9%
$148,667
$148.7K
Market Conditions
NOI Build-Up for 1,746 SF
Gross rent
$25.8K $14.76/SF
− Vacancy
−$1.4K −$0.83/SF
EGI
$24.3K $13.93/SF
− OpEx
−$10.9K −$6.27/SF
NOI
$13.4K $7.66/SF
Area
Lee County, IA
Vacancy
5.60%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,600
Cap Rate 7%
$191,143
Cap Rate 9%
$148,667
Alternative Uses
Best Use
Multifamily LT 5
$202.3K
$177.1K – $236.1K
NOI $14,164 @ 7.0% cap · market cap 52.65%
Second Best
Apartment 5plus
$191.1K
$167.3K – $223.0K
NOI $13,380 @ 7.0% cap · market cap 49.74%
Theoretical Best
Mixed Use
$296.3K
$259.3K – $345.7K
NOI $20,742 @ 7.0% cap · market cap 77.11%
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
520
Businesses Nearby
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Business Placement
Demographics for 52632, IA
12,006
Population
5,793
Households
2.1
Avg Household Size
43
Median Age
20%
College-Educated
92%
High-School Grad
51.8 sq mi
ZIP Area
232
Density / Sq Mi
$52,547
Median Household Income
$32,407
Median Earnings
$803
Median Rent
$108,400
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 - A two-unit property offers separate spaces for owner occupancy and rental use.
Where is this duplex located?
The property is located at 613 North 10th Street Keokuk, IA.
What are key features of this property?
This property features: Two‑unit duplex; 1,746 square feet; built in 1900; Roof repairs needed in added‑on areas
